Weatherford third quarter 2024 results

Revenues of $1,409 million increased 7% year-over-year operating income of $243 million increased 11% year-over-year net income of $157 million increased 28% year-over-year; net income margin of 11.1% adjusted ebitda* of $355 million increased 16% year-over-year; adjusted ebitda margin* of 25.2% increased by 197 basis points year-over-year cash provided by operating activities of $262 million, an increase of $112 million sequentially and $90 million year-over-year; adjusted free cash flow* of $184 million, an increase of $88 million sequentially and $47 million year-over-year received credit rating upgrade from s&p global ratings to ‘bb-' with positive outlook, and from fitch to ‘bb-' with stable outlook shareholder returns of $68 million for the quarter, which includes dividends payment of $18 million and share repurchases of $50 million board approved quarterly cash dividend of $0.25 per share payable on december 5, 2024 to shareholders of record as of november 6, 2024 deployment of victus™ managed pressure drilling (mpd) systems in the first two deep geothermal exploration wells that have been drilled for a major operator in the middle east aramco awarded weatherford a three-year corporate procurement agreement (cpa) including cementation products, completions, liner hangers, and whipstocks, as well as associated service agreements, to enhance its operational efficiency and strategic goals hosted 20th annual fwrd conference focused on digitalization and next-generation life-of-well solutions to boost efficiency, sustainability, and performance *non-gaap - refer to the section titled non-gaap financial measures defined and gaap to non-gaap financial measures reconciled houston, oct. 22, 2024 (globe newswire) -- weatherford international plc (nasdaq: wfrd) (“weatherford” or the “company”) announced today its results for the third quarter of 2024. revenues for the third quarter of 2024 were $1,409 million, an increase of 0.3% sequentially and an increase of 7% year-over-year.
WFRD Ratings Summary
WFRD Quant Ranking