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Mar 31, 2024
Weatherford Q1 2024 Earnings Report
Weatherford's Q1 2024 earnings were announced, revealing revenue growth and increased profitability.
Key Takeaways
Weatherford reported a strong first quarter in 2024, with revenue increasing by 15% year-over-year to $1,358 million. The company's operating income and net income also saw significant increases. Adjusted EBITDA margin reached a record high, and the company raised its full-year adjusted EBITDA margin guidance.
Revenue increased 15% year-over-year, driven by international growth.
Operating income increased 26% year-over-year.
Net income increased 56% year-over-year.
Adjusted EBITDA margin reached the highest level in over 15 years.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Weatherford expects full year adjusted EBITDA margin to hit 25% in 2024 and reaffirmed their previous revenue guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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