Weatherford Intl., Ltd. (WFT) Tops Q2 EPS by 2c
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July 22, 2015 7:48 PM EDT
BAAR, Switzerland, July 22, 2015 /PRNewswire/ -- Weatherford International plc (NYSE: WFT) reported a net loss before charges of $77 million ($0.10 net loss per share non-GAAP) on revenues of $2.39 billion for the second quarter of 2015. GAAP net loss for the second quarter of 2015 was $489 million, or a net loss of $0.63 per share.
Second Quarter 2015 Highlights
Positive free cash flow of $104 million, principally on improved working capital performance and lower capital expenditures;
Free cash flow improved sequentially $370 million, despite lower earnings; and
Completed 97% of the reduction in force...
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July 21, 2015 5:01 PM EDT
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/21/15 --
West Fraser Timber Co. Ltd. (TSX: WFT) reported earnings of $14 million or $0.17 basic earnings per share on sales of $1,029 million in the second quarter of 2015. These results compare with previous periods as shown in the table below.
Adjusted EBITDA, Adjusted earnings and Adjusted basic EPS as described in this News Release reflect the adjustments described in the tables referred to in the section titled "Non-IFRS Measures" on page 12 of our 2015 second quarter Management's Discussion & Analysis.
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($ millions except earnings per 2015 2014
share ("EPS")) Q2 Q1 YTD Q2 YTD
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Sales 1,029 1,014 2,043 1,053 1,862
Adjusted EBITDA(1) 72 173 245 148 297
Operating earnings...
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