NOV Q4 Earnings Call Highlights

In discussing the year’s execution, Bayardo said NOV achieved a full-year book-to-bill of approximately 91% on a 15% increase in revenue out of backlog and ended 2025 with total backlog of $4.34 billion. He said 2025 orders were led by offshore production technologies, with offshore-related backlog growing more than 10% during the year, supported by demand for subsea flexible pipe, offshore construction equipment, and processing modules.Bayardo opened the call by recognizing outgoing CEO Clay Williams, cred ...