Weatherford Q1 2022 Earnings Report
Key Takeaways
Weatherford International plc announced first quarter 2022 results with revenues of $938 million, a 13% increase year-over-year. The company reported an operating income of $18 million and an adjusted EBITDA of $151 million. Despite facing headwinds from supply chain issues, inflation, and geopolitical events, Weatherford delivered solid results aligned with guidance.
Revenues increased by 13% year-over-year, reaching $938 million.
Operating income totaled $18 million, with adjusted EBITDA at $151 million, representing margin increases.
The company's innovation focus was highlighted by commercialization of new technology and expanded service offerings.
A new technology award was received for the Memory Raptorâ„¢ Cased-Hole Evaluation System.
Weatherford
Weatherford
Weatherford Revenue by Segment
Weatherford Revenue by Geographic Location
Forward Guidance
Weatherford anticipates top-line growth, margin expansion, and free cash flow generation throughout 2022. The company is focused on improving its fulfillment strategy to drive profitable growth.
Positive Outlook
- Expected top-line growth
- Margin expansion
- Free cash flow generation
- Improving fulfillment strategy
- Profitable growth
Challenges Ahead
- Supply chain challenges
- Inflation
- Logistics issues
- Geopolitical events
- Working capital requirements