Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance [Yahoo! Finance]
Weatherford International plc - Ordinary shares (WFRD)
Company Research
Source: Yahoo! Finance
First quarter operating income of $233 million increased 26% year-over-year First quarter net income of $112 million, an 8.2% margin, increased 56% year-over-year First quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 years, increased 25% and 206 basis points year-over-year Cash provided by operating activities of $131 million, and adjusted free cash flow* of $82 million Debt repayments of $167 million on our 6.50% Senior Secured Notes in the first quarter of 2024 Issued notice to redeem the remaining $82 million of our 6.5% Senior Secured Notes, leaving only the $1.6 billion long term notes due 2030 outstanding thereafter Expanded the size of our Credit Facility to $680 million, up from $550 million, with $371 million of borrowing capacity *Non-GAAP - refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled HOUSTON, April 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International
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- Weatherford International plc (NASDAQ: WFRD) had its price target raised by analysts at Bank of America Co. from $135.00 to $145.00. They now have a "buy" rating on the stock.MarketBeat
- Weatherford International plc (NASDAQ: WFRD) had its price target raised by analysts at Barclays PLC from $135.00 to $160.00. They now have an "overweight" rating on the stock.MarketBeat
- The Weatherford International plc (NASDAQ:WFRD) First-Quarter Results Are Out And Analysts Have Published New Forecasts [Yahoo! Finance]Yahoo! Finance
- Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Weatherford International plc (NASDAQ: WFRD) had its price target raised by analysts at Piper Sandler from $180.00 to $184.00. They now have an "overweight" rating on the stock.MarketBeat