secwatch.observer — SEC 8-K summary
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Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001603923-24-000080
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weatherford Q1 revenue +15% to $1.36B; adj. EBITDA margin 24.7%, raises FY guidance
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- Revenue $1,358M (+15% YoY); international revenue grew 21%.
- Operating income $233M (+26%); net income $112M (+56%).
- Adjusted EBITDA $336M, margin 24.7% (highest in 15+ years), +206 bps YoY.
- Debt repayments of $167M on 6.5% Senior Secured Notes; remaining $82M redeemed post-quarter.
- Credit facility expanded to $680M (from $550M); full-year margin guidance raised.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000160392324000080/0001603923-24-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000160392324000080/wfrd-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001603923-24-000080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer