Weatherford International (WFRD) Reports Q2, Raises FY Guidance
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Weatherford Announces Second Quarter 2023 Results and Raises Full-Year Outlook
July 25, 2023 4:30 PM EDTRevenues of $1,274 million increased 7% sequentially, driven by international revenue growth of 12%Operating income of $201 million increased 9% sequentiallyNet income of $82 million increased $10 million sequentially; net income margin of 6.4%Adjusted EBITDA* of $291 million increased 8% sequentially; adjusted EBITDA margin* of 22.8%Cash provided by operating activities of $201 million and adjusted free cash flow* of $172 millionDebt repayments of $159 million in the second quarter of 2023First deployment of Modus, our... More
