NOV Reports First Quarter 2022 Results
NOV Inc. (NOV)
Last nov inc. earnings: 4/27 06:45 pm
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US:NYSE Investor Relations:
nov.com
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--NOV Inc. (NYSE: NOV) today reported first quarter 2022 revenues of $1.55 billion, an increase of 2 percent compared to the fourth quarter of 2021 and an increase of 24 percent compared to the first quarter of 2021. Net loss for the first quarter of 2022 was $50 million, or 3.2 percent of sales, which included $45 million of Other Items (see Corporate Information for additional details). Adjusted EBITDA (operating profit excluding depreciation, amortization, gain and loss on sales of fixed assets, and, when applicable, Other Items) increased sequentially to $103 million, or 6.7 percent of sales. See reconciliation of Adjusted EBITDA to Net Income (Loss).“NOV’s financial results continued to improve through the first quarter of 2022, as the Company benefited from better execution and improving pricing,” stated Clay Williams, Chairman, President, and CEO. “Our teams more efficiently navigated through raw material shortages, freight disruptions, and inflation
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News
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- NOV Reports First Quarter 2024 Results, Return of Capital Framework, $1 Billion Share Repurchase Authorization, and Plan to Increase Dividend 50% [Yahoo! Finance]Yahoo! Finance
- NOV Reports First Quarter 2024 Results, Return of Capital Framework, $1 Billion Share Repurchase Authorization, and Plan to Increase Dividend 50%Business Wire
- Earnings Preview: Nov Inc. (NOV) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
NOV
Earnings
- 4/25/24 - Beat
NOV
Sec Filings
- 4/26/24 - Form 8-K
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- NOV's page on the SEC website