Weatherford International(WFRD) - 2024 Q1 - Quarterly Results

Exhibit 99.1 News Release Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance *Non-GAAP - refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled • First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21% • First quarter operating income of$ 233 million increased 26% year-over-year • First quarter net income of $112 million, an 8.2% margin, increased 56% year-over-year ...