WDS reported revenue and earnings figures that fell short of analyst consensus, driven by weaker margins in its core operations and higher commodity costs. Management cited delayed project ramp-ups and cost pressures as primary factors behind the underperformance.

In response to the earnings miss, WDS announced an indefinite halt to its multi-billion-dollar buyback program, reallocating cash toward debt reduction and operational investments. The announcement triggered a sharp share price drop as investors reassessed free cash flow projections and long-term capital return expectations.