NOV Reports First Quarter 2024 Results, Return of Capital Framework, $1 Billion Share Repurchase Authorization, and Plan to Increase Dividend 50%
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
Revenue of $2.16 billion, an increase of 10% year-over-yearOperating Profit of $162 million, an increase of $36 million year-over-yearNet Income of $119 million, down $7 million year-over-yearFully diluted earnings per share of $0.30, down $0.02 year-over-yearAdjusted EBITDA* of $241 million, an increase of $46 million year-over-yearExpects to return at least 50% of Excess Free Cash Flow* annually through base dividends, repurchases, and supplemental dividendsBoard authorization to repurchase up to $1.00 billion of shares over three yearsExpects to increase base dividend by 50% beginning in June 2024* Adjusted EBITDA, Free cash flow, and Excess Free Cash Flow are non-GAAP measures, see “Non-GAAP Financial Measures,” “Reconciliation of Cash Flows from Operating Activities to Free Cash Flow" and “Reconciliation of Adjusted EBITDA to Net Income” below. HOUSTON--(BUSINESS WIRE)--NOV Inc. (NYSE: NOV) today reported first quarter 2024 revenues of $2.16 billion, an increase of 10 percent
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NOV
News
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- NOV Inc. (NYSE: NOV) had its price target lowered by analysts at TD Cowen from $27.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- Nov Inc. (NOV) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
- Nov Inc. (NOV) Tops Q1 Earnings and Revenue Estimates [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% [Yahoo! Finance]Yahoo! Finance
NOV
Earnings
- 4/25/24 - Beat
NOV
Sec Filings
- 4/26/24 - Form 10-Q
- 4/26/24 - Form 8-K
- 4/4/24 - Form ARS
- NOV's page on the SEC website