HAL - Halliburton Company (HAL) Q1 2024 Earnings Call Transcript
2024-04-23 11:39:10 ET
Halliburton Company (HAL)
Q1 2024 Earnings Conference Call
April 23, 2024 9:00 a.m. ET
Company Participants
David Coleman - Senior Director of Investor Relations
Jeffrey Miller - President, Chief Executive Officer, and Chairman
Eric Carre - Executive Vice President, and Chief Financial Officer
Conference Call Participants
David Anderson - Barclays
Neil Mehta - Goldman Sachs
Arun Jayaram - JP Morgan Securities
Roger Read - Wells Fargo Securities
James West - Evercore ISI
Scott Gruber - Citigroup
Luke Lemoine - Piper Sandler
Stephen Gengaro - Stifel
Marc Bianchi - TD Cowen
Kurt Hallead - Benchmark
Douglas Becker - Capital One
Presentation
David Coleman
Hello, and thank you for joining the Halliburton First Quarter 2024 Conference Call. We will make the recording of today's webcast available for seven days on Halliburton's website after this call. Joining me today are Jeff Miller, Chairman, President and CEO; and Eric Carre, Executive Vice President, and CFO.
Some of today's comments may include forward-looking statements, reflecting Halliburton's views about future events. These matters involve risks and uncertainties that could cause our actual results to materially differ from our forward-looking statements. These risks are discussed in Halliburton's Form 10-K for the year ended December 31, 2023, recent current reports on Form 8-K, and other Securities and Exchange Commission filings. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Our comments today also include non-GAAP financial measures. Additional details and reconciliation to the most directly comparable GAAP financial measures are included in our first quarter earnings release and in the Quarterly Results & Presentation section of our website.
Now, I'll turn the call over to Jeff.
Jeffrey Miller
Thank you, David, and good morning everyone. Halliburton delivered solid first quarter results that again demonstrated the power of our strategy and the strength of our execution. Here are the quarter highlights.
We delivered total company revenue of $5.8 billion, and operating margin of 17%. Both divisions demonstrated margin improvement year-over-year. International revenue was $3.3 billion, and grew 12% year-over-year, led by Latin America, which delivered a 21% increase. North America revenue was $2.5 billion, a 5% increase over the fourth quarter of 2023. Finally, during the first quarter, we generated $487 million of cash flow from operations, $206 million of free cash flow, and repurchased $250 million of our common stock....
Halliburton Company (HAL) Q1 2024 Earnings Call Transcript