NOV Reports Fourth Quarter and Full Year 2023 Earnings

HOUSTON--(BUSINESS WIRE)--NOV Inc. (NYSE: NOV) 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 r ...