Weatherford announces second quarter 2022 results and raises full-year outlook

Full-year revenue outlook increased to mid-teens growth year-over-year second quarter revenues of $1,064 million increased 13% sequentially, led by strong international growth of 14% operating income was $104 million, compared to $18 million in the first quarter of 2022 and adjusted ebitda[1] was $186 million or a 17.5% adjusted ebitda margin, a sequential increase of 23%, a 140 basis points adjusted ebitda margin rate expansion net cash provided by operating activities was $60 million and free cash flow[1] was $59 million, driven by improved collections efficiency issued a notice of election to redeem $50 million of our 11% senior unsecured notes joined the broad-market russell 3000® index, effective june 27, 2022 houston , july 27, 2022 /prnewswire/ -- weatherford international plc (nasdaq: wfrd) ("weatherford" or the "company") announced today its results for the second quarter of 2022. revenues for the second quarter of 2022 were $1,064 million, an increase of 13% sequentially and 18% year-over-year.
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