- Weatherford International press release ( NASDAQ: WFRD ): Q3 Non-GAAP EPS of $0.40 misses by $0.02 .
- Revenue of $1.12B (+18.5% Y/Y) beats by $20M .
- Adjusted EBITDA was $214 million, a 19.1% adjusted EBITDA margin with a 160 basis point sequential improvement
- Net cash provided by operating activities was $160 million and free cash flow [1] was $133 million, primarily driven by higher adjusted EBITDA margins and working capital efficiency
- Secured significant contract wins across the portfolio with IOC’s and NOC’s, including ADNOC, KOC, and YPF
- Amended Credit Facility with increase in aggregate amount available to $370 million, and a two-year maturity extension subject to certain conditions
- Issued a notice to redeem $125 million of our 11% senior unsecured notes
For further details see:
Weatherford International Non-GAAP EPS of $0.40 misses by $0.02, revenue of $1.12B beats by $20M