Entering text into the input field will update the search result below

Weatherford International PLC (WFTLF) CEO Karl Blanchard on Q2 2020 Results - Earnings Call Transcript

SA Transcripts profile picture
SA Transcripts

Weatherford International PLC (WFTLF) Q2 2020 Earnings Conference Call August 5, 2020 8:30 AM ET

Company Participants

Sebastian Pellizzer - Senior Director, IR

Karl Blanchard - EVP, COO & Interim CEO

Christian Garcia - EVP & CFO

Conference Call Participants

Marc Bianchi - Cowen and Company

James West - Evercore ISI

Connor Lynagh - Morgan Stanley


Ladies and gentlemen, thank you for standing by, and welcome to the Weatherford International Second Quarter 2020 Earnings Call. [Operator Instructions]. As a reminder, today's call is being recorded. I would now like to turn the call over to Sebastian Pellizzer, Senior Director, Investor Relations. Sir, you may begin.

Sebastian Pellizzer

Welcome, everyone, to the Weatherford International Second Quarter 2020 Conference Call. I'm joined today by Karl Blanchard, Interim CEO and COO; and Christian Garcia, Executive Vice President and CFO. First, Karl and Christian will share their prepared remarks, and then we will open it up for questions. I'd like 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 differ materially 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. And as noted in our press release, the company adopted fresh-start accounting in December 2019, and our comments today include a comparison of the results of our predecessor and successor companies. The underlying details and a reconciliation of GAAP to non-GAAP financial measures are included in our second quarter press release, which can be found on our website.

With that, I'd like to turn the call over to Karl.

Karl Blanchard

Thank you, Sebastian. Good morning and good afternoon, everyone. The second quarter has been unlike any

Recommended For You

Comments (3)

11 Aug. 2020
How long have you been restructuring? You need to change top management, they are incompetent. You spent 4 years now restructuring and many millions, lots spent on retention of senior management, others on bonus and every call you mention restructure and cost cutting. This team is incompetent.
dunderduck profile picture
Oh wow, they actually had some analysts show up to their call.
PapaWhisky profile picture

Yeah ... last time was one guy, wasn't it ?
To report an error in this transcript, .Contact us to add your company to our coverage or use transcripts in your business. Learn more about Seeking Alpha transcripts here. Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.