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Sep 30, 2024
Weatherford Q3 2024 Earnings Report
Weatherford's Q3 2024 earnings reflected revenue growth and strong profitability.
Key Takeaways
Weatherford International plc reported revenues of $1,409 million, a 7% increase year-over-year. Operating income increased by 11% to $243 million, and net income rose by 28% to $157 million. The company's adjusted EBITDA increased by 16% to $355 million, with a margin of 25.2%.
Revenues increased 7% year-over-year to $1,409 million.
Operating income increased 11% year-over-year to $243 million.
Net income increased 28% year-over-year to $157 million, with a margin of 11.1%.
Adjusted EBITDA increased 16% year-over-year to $355 million, with a margin of 25.2%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Weatherford expects strong revenue growth and adjusted EBITDA margins of greater than 25% for the full year.
Positive Outlook
- Strong margins and adjusted free cash flow despite a volatile macro environment.
- Ability to deliver strong returns in a softer market environment.
- Acquisition of Datagration enhances position in digital offerings.
- Commitment to driving innovation across technology portfolio.
- Focus on fulfillment initiatives, acquisition integrations, and technology commercialization.
Challenges Ahead
- Volatile macroeconomic environment.
- Heightened risk of geopolitical events creating sector challenges.
- Continued North America weakness.
- Customer scheduling delays in Latin America.
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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