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Bloomberg Intelligence

Boeing Latest, Lennar Earnings

Jun 21, 2024
George Ferguson discusses Boeing whistleblower report. Mark Bergen on Google's AI strategy. Drew Reading covers Lennar earnings. Amesh Adalja talks about flesh eating bacteria in Japan. Girish Saligram shares Weatherford's post-bankruptcy rebound. Corey Cantor shares BNEF's global EV forecast.
39:41

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Quick takeaways

  • Weatherford International has successfully rebounded post-bankruptcy under Guresh Saligram's leadership, focusing on value creation and operational efficiency.
  • BNEF's research shows varied global EV adoption rates, with the U.S. market lagging behind China and Europe, emphasizing factors like pricing parity and infrastructure development.

Deep dives

Guresh Saligram Discusses Weatherford International's Turnaround and Future Strategies

Weatherford International, an oil services company that faced bankruptcy in 2019, has made significant progress in its turnaround under the leadership of Guresh Saligram. By stabilizing the company and fixing its balance sheet, Weatherford has transitioned from a challenging period to a more positive outlook. Looking ahead, Saligram emphasizes moving from 'good to great' through value creation for customers, employees, and shareholders, focusing on cash generation, higher margins, and strategic investments. The company has also started to explore M&A opportunities as it gains financial stability and operational efficiency.

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