Weatherford International plc (NASDAQ:WFRD) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET

Company Participants

Mohammed Topiwala - Director, Investor Relations & M&A

Girish Saligram - President & Chief Executive Officer

Desmond Mills - Senior Vice President, Chief Accounting Officer and Interim Chief Financial Officer

Conference Call Participants

Doug Baker - Benchmark Research

Luke Lemoine - Piper Sandler

James Hubbard - Deutsche Bank

Gregg Brody - Bank of America

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International Third Quarter 2022 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] As a reminder, this event is being recorded. I would now like to turn the conference over to Mohammed Topiwala, Director, Investor Relations and M&A. Sir, you may begin.

Mohammed Topiwala

Welcome everyone to the Weatherford International third quarter 2022 conference call. I am joined today by Girish Saligram, President and CEO and Desmond Mills, Senior Vice President, Chief Accounting Officer and Interim CFO. We will start today with our prepared remarks and then open it up for questions. You may download a copy of the presentation slides that correspond with today’s call from our website’s Investor Relations section.

I want to remind everyone that some of today’s comments include forward-looking statements. These statements are subject to many risks and uncertainties that could cause our actual results to materially differ from any expectation expressed herein. Please refer to our latest Securities and Exchange Commission filings for risk factors and cautions regarding forward-looking statements. Our comments today also include non-GAAP financial measures. The underlying details and a reconciliation of GAAP to non-GAAP financial measures are included in our third quarter earnings press release, which can be found on our website. As a reminder, today’s call is being webcast and a recorded version will be available in Weatherford’s website following the conclusion of this call.

With that, I’d like to turn the call over to Girish.

Girish Saligram

Thanks, Mohammed and thank you all for joining the call today. I’d like to start by thanking the entire Weatherford team for their continued focus on our customers and operations. Their tireless efforts and commitment are the driving force behind an excellent third quarter of 2022. Our results reflect the team’s ethos and laser focus on ensuring that we deliver quality and performance for our customers and continue delivering free cash flow margin expansion and growth for our investors.