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 ...

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