NOV Announces Fourth Quarter and Full Year 2024 Earnings Conference Call
NOV Inc. (
NYSENOV) will hold a conference call to discuss its fourth quarter and full year 2024 results on Wednesday, February 5, 2025, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Tuesday, February 4, 2025. The call will be webcast live on www.nov.com/investors.
NOV Appoints Chris Kendall to the Board of Directors
NOV Inc. (
NYSENOV) announced today that Chris Kendall has been appointed to the Company’s Board of Directors, effective December 15, 2024.
NOV Declares Regular Quarterly Dividend
NOV Inc. (
NYSENOV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on December 20, 2024 to each stockholder of record on December 6, 2024.
NOV Reports Third Quarter 2024 Results
NOV Inc. (
NYSENOV) today reported third quarter 2024 revenues of $2.19 billion, an increase of $6 million compared to the third quarter of 2023. Net income increased 14 percent to $130 million, or $0.33 per share, and operating profit increased six percent to $194 million, or 8.9 percent of sales. The Company recorded $5 million within Other Items (see Corporate Information for additional details). Adjusted EBITDA increased seven percent year-over-year to $286 million, or 13.1 percent of sales.
NOV Announces Third Quarter 2024 Earnings Conference Call
NOV Inc. (
NYSENOV) will hold a conference call to discuss its third quarter 2024 results on Friday, October 25, 2024, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Thursday, October 24, 2024. The call will be webcast live on www.nov.com/investors.
NOV Declares Regular Quarterly Dividend
NOV Inc. (
NYSENOV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on September 27, 2024 to each stockholder of record on September 13, 2024.
NOV Reports Second Quarter 2024 Results
NOV Inc. (
NYSENOV) today reported second quarter 2024 revenues of $2.22 billion, an increase of six percent compared to the second quarter of 2023. Net income was $226 million, or 10.2 percent of sales, an increase of $71 million compared to the second quarter of 2023. Operating profit was $313 million, or 14.1 percent of sales. The Company recorded a net credit of $118 million within Other Items (see Corporate Information for additional details). Adjusted EBITDA increased 15 percent year-over-year to $281 million, or 12.7 percent of sales.
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NOV Announces Second Quarter 2024 Earnings Conference Call
NOV Inc. (
NYSENOV) will hold a conference call to discuss its second quarter 2024 results on Friday, July 26, 2024, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Thursday, July 25, 2024. The call will be webcast live on www.nov.com/investors.
NOV Announces 50 Percent Increase in Regular Quarterly Dividend
NOV Inc. (
NYSENOV) today announced that its board of directors declared the regular quarterly cash dividend of $0.075 per share of common stock, payable on June 28, 2024 to each stockholder of record on June 14, 2024.
NOV Reports First Quarter 2024 Results, Return of Capital Framework, $1 Billion Share Repurchase Authorization, and Plan to Increase Dividend 50%
NOV Inc. (
NYSENOV) today reported first quarter 2024 revenues of $2.16 billion, an increase of 10 percent compared to the first quarter of 2023. Net income was $119 million, or 5.5 percent of sales, a decrease of $7 million compared to the first quarter of 2023 primarily due to a higher tax rate and lower income from unconsolidated entities. Operating profit was $162 million, or 7.5 percent of sales. The Company recorded a net pre-tax credit of $3 million within Other Items (see Corporate Information for additional details). Adjusted EBITDA increased 24 percent year-over-year to $241 million, or 11.2 percent of sales.
NOV Announces First Quarter 2024 Earnings Conference Call
NOV Inc. (
NYSENOV) will hold a conference call to discuss its first quarter 2024 results on Friday, April 26, 2024, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Thursday, April 25, 2024. The call will be webcast live on www.nov.com/investors.
NOV Appoints Patricia Martinez to the Board of Directors
NOV Inc. (
NYSENOV) announced today the appointment of Patricia Martinez to NOV’s Board of Directors, effective March 6, 2024.
NOV Declares Regular Quarterly Dividend
NOV Inc. (
NYSENOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on March 28, 2024 to each stockholder of record on March 14, 2024.
NOV Reports Fourth Quarter and Full Year 2023 Earnings
NOV Inc. (
NYSENOV) today reported fourth quarter 2023 revenues of $2.34 billion, an increase of seven percent compared to the third quarter of 2023 and an increase of 13 percent compared to the fourth quarter of 2022. Net income for the fourth quarter of 2023 was $598 million, which included the release of valuation allowances on deferred tax assets of $485 million. Operating profit was $161 million, or 6.9 percent of sales, for the fourth quarter. Under Other Items the Company recorded a net pre-tax charge of $55 million (see Corporate Information for additional details). Adjusted EBITDA increased 10 percent sequentially to $294 million, or 12.5% percent of sales.
NOV Appoints Patricia Melcher to the Board of Directors
NOV Inc. (
NYSENOV) announced today that Patricia B. "Patti" Melcher has been appointed to the Company’s Board of Directors, effective January 17, 2024. Ms. Melcher is currently a Managing Partner of EIV Capital, an energy-focused private equity firm she co-founded in 2009.
NOV Announces Fourth Quarter and Full Year 2023 Earnings Conference Call
NOV Inc. (
NYSENOV) will hold a conference call to discuss its fourth quarter and full year 2023 results on Friday, February 2, 2024, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Thursday, February 1, 2024. The call will be webcast live on www.nov.com/investors.
NOV Declares Regular Quarterly Dividend
NOV Inc. (
NYSENOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on December 22, 2023 to each stockholder of record on December 8, 2023.
NOV Announces Retirements and Appointments of Officers and Consolidation of Operational Segment Structure
NOV Inc. (
NYSENOV) announced the retirement of Isaac Joseph, President of Wellbore Technologies, and Kirk Shelton, President of Completion and Production Solutions, effective December 31, 2023.
NOV Reports Third Quarter 2023 Earnings
NOV Inc. (
NYSENOV) today reported third quarter 2023 revenues of $2.19 billion, an increase of four percent compared to the second quarter of 2023 and an increase of 16 percent compared to the third quarter of 2022. Net income for the third quarter of 2023 was $114 million, or 5.2 percent of sales. Operating profit was $183 million, or 8.4 percent of sales. Under Other Items the Company recorded a net pre-tax charge of $7 million (see Corporate Information for additional details). Adjusted EBITDA increased sequentially to $267 million, or 12.2 percent of sales.
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NOV Announces Third Quarter 2023 Earnings Conference Call
NOV Inc. (
NYSENOV) will hold a conference call to discuss its third quarter 2023 results on Friday, October 27, 2023, at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Thursday, October 26, 2023. The call will be webcast live on www.nov.com/investors.
NOV Declares Regular Quarterly Dividend
NOV Inc. (
NYSENOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on September 29, 2023 to each stockholder of record on September 15, 2023.
NOV Reports Second Quarter 2023 Earnings
NOV Inc. (
NYSENOV) today reported second quarter 2023 revenues of $2.09 billion, an increase of seven percent compared to the first quarter of 2023 and an increase of 21 percent compared to the second quarter of 2022. Net income for the second quarter of 2023 was $155 million, or 7.4 percent of sales. Operating profit was $181 million, or 8.6 percent of sales. Under Other Items the Company recorded a net pre-tax credit of $7 million (see Corporate Information for additional details). Adjusted EBITDA increased sequentially to $245 million, or 11.7 percent of sales.
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