NOV Inc. (NOV) recently introduced an advanced tool, Quick Connector, developed by its subsidiary, GustoMSC, that improves operational efficiency and safety during offshore lifting.NOV’s Tool to Simplify the Offshore OperationsWith the growth of the renewable energy sector, the offshore wind industry has expanded. The installation and maintenance of wind farms require innovative solutions for the precise and safe lifting of various components like turbine blades, towers and foundations. Therefore, NOV intro ...

NOV Inc. NOV posted weak results for the third quarter, after the closing bell on Thursday. NOV reported quarterly sales of $2.19 billion which missed the analyst consensus estimate of $2.23 billion. The company reported quarterly earnings of 33 cents per share which missed the analyst consensus estimate of 36 cents per share. "During the third quarter of 2024, NOV continued to improve cash flow, backlog, prolitability and margins compared to the prior year," stated Clay Williams, Chairman, President, and C ...

NOV Inc. (NYSE:NOV) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants Amie D'Ambrosio - Director of Investor Relations Clay Williams - President and Chief Executive Officer Jose Bayardo - Senior Vice President and Chief Financial Officer Conference Call Participants James Rollyson - Raymond James & Associates, Inc. Marc Bianchi - TD Cowen Arun Jayaram - JPMorgan Chase & Co. Neil Mehta - Goldman Sachs Group, Inc. Kurt Hallead - The Benchmark Company, LLC Stephen Gengaro - Sti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-12317 NOV INC. (Exact name of registrant as specified in its charter) Delaware 76-0475815 (State or other jurisdiction of incorporation or organization) (IRS Em ...

NOV Inc. Third Quarter 2024 Earnings Presentation October 25, 2024 NOV Safe Harbor / Forward-Looking Statements / Non-GAAP Financial Measures Statements in this presentation, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. Statements of hopes, beliefs, expectations, and predictions of future performance are subject to numerous risks and uncertainties, many of which are beyond the Company's control. Actual results ...

NOV Inc. (NOV) reported third-quarter 2024 adjusted earnings of 33 cents per share, which missed the Zacks Consensus Estimate of 35 cents. The underperformance can be attributed to challenges in execution, customer demand and pricing. However, the bottom line improved from the year-ago quarter’s 29 cents.The oil and gas equipment and services company’s total revenues of $2.2 billion missed the Zacks Consensus Estimate by 2%. However, total revenues increased 0.3% from the year-ago quarter’s figure. Better-t ...

Exhibit 99.1 NEWS Contact: Amie D'Ambrosio (713) 375-3826 FOR IMMEDIATE RELEASE NOV REPORTS THIRD QUARTER 2024 RESULTS • Net Income of $130 million, or $0.33 per share, up $16 million, or $0.04 per share, yearover-year • Adjusted EBITDA* of $286 million, an increase of $19 million year-over-year • Cash flow from operations of $359 million and free cash flow* of $277 million • Bookings of $627 million, representing a 111% book-to-bill • Repurchased 4.6 million shares of common stock * Adjusted EBITDA and Fre ...

Nov Inc. (NOV) reported $2.19 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 0.3%. EPS of $0.33 for the same period compares to $0.29 a year ago.The reported revenue represents a surprise of -1.95% over the Zacks Consensus Estimate of $2.23 billion. With the consensus EPS estimate being $0.35, the EPS surprise was -5.71%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

Nov Inc. (NOV) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -5.71%. A quarter ago, it was expected that this oil and gas industry supplier would post earnings of $0.35 per share when it actually produced earnings of $0.57, delivering a surprise of 62.86%. Over the last four quarter ...

NOV Inc. (NOV) is set to release third-quarter results on Oct 24, 2024. The current Zacks Consensus Estimate for earnings is pegged at 35 cents per share and that for revenues is pinned at $2.23 billion.Let us delve into the factors that are likely to have influenced the oilfield service provider’s performance in the June quarter. But first, it is worth taking a look at NOV’s performance in the last reported quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Highlights of Q2 E ...