Weatherford backs FY24 revenue growth view between double digits and low teens

Consensus $5.72B. The company said, “Despite macroeconomic volatility and geopolitical conflicts, the sector landscape remains favorable for further growth. International and offshore activity continue to exhibit strength, offering resilient spending that provides buoyant demand and offsets the softness in the North American market. This market backdrop and our strong first quarter performance set a robust foundation for our annual outlook that enables us to improve upon our previously issued margin guidance. Full year adjusted EBITDA margin is now expected to hit 25% in 2024 versus 2025, while reaffirming our previous revenue guidance.”