Business Context and Reporting Period
Company: Weatherford International plc
Filing Type: Form 8-K (Current Report)
Date of Report: February 16, 2022
Reporting Period: Fourth quarter and full year ended December 31, 2021
This filing serves as a notification that the Company issued a news release announcing its financial results for the fourth quarter and full year of 2021. The detailed results are contained in Exhibit 99.1, which is incorporated by reference.
Key Financial Metrics
The provided text does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are located in the referenced news release (Exhibit 99.1) and are not explicitly stated within the body of this 8-K filing.
Material Changes
The filing text does not provide specific data regarding material changes versus the prior comparable period. Investors must refer to the incorporated news release for comparative financial analysis.
Guidance, Outlook, and Management Commentary
Conference Call: Management scheduled a conference call for Thursday, February 17, 2022, at 9:00 a.m. Eastern Time to discuss the results.
Access: A live webcast and dial-in options were provided for the call.
Replay: A telephonic replay was available until March 3, 2022.
Materials: Presentation slides and a transcript were made available on the Company's investor relations website.
The filing does not contain specific forward-looking guidance, risk factors, or unusual items within the text itself; these are expected to be detailed in the conference call and the referenced news release.
Important Facts for Investor Verification
- Verify the specific revenue and earnings figures in the news release (Exhibit 99.1) as they are not listed in this summary document.
- Review the conference call transcript and presentation slides for management's commentary on the 2021 performance and 2022 outlook.
- Confirm the Company's liquidity position and debt levels as reported in the full financial statements referenced in the news release.
- Note that the filing date (February 16, 2022) precedes the conference call date (February 17, 2022).