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21:00:02 03/05/2024 BST
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1st Jan Change
18.54
USD
-0.11%
-1.75%
-8.58%
NOV : First Quarter 2021 Segmented Financial Data
April 27, 2021 at 11:19 pm
NOV Inc.
Proforma Selected Financial Data
(In millions)
2019
2020
2021
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
2018
2019
2020
2021
3 Months
Revenue:
Wellbore Technologies
$
807
$
850
$
793
$
764
$
691
$
442
$
361
$
373
$
413
$
3,235
$
3,214
$
1,867
$
413
Completion & Production Solutions
581
663
728
799
675
611
601
546
439
2,931
2,771
2,433
439
Rig Technologies
603
671
649
759
557
476
449
437
431
2,575
2,682
1,919
431
Eliminations
(51)
(52)
(44)
(41)
(40)
(33)
(27)
(29)
(34)
(288)
(188)
(129)
(34)
Total
$
1,940
$
2,132
$
2,126
$
2,281
$
1,883
$
1,496
$
1,384
$
1,327
$
1,249
$
8,453
$
8,479
$
6,090
$
1,249
Adjusted EBITDA:
Wellbore Technologies
$
117
$
134
$
133
$
143
$
103
$
42
$
21
$
12
$
34
$
526
$
527
$
178
$
34
Completion & Production Solutions
28
52
82
96
71
68
63
28
(4)
378
258
230
(4)
Rig Technologies
56
74
105
112
56
14
28
19
13
309
347
117
13
Eliminations and corporate costs
(61)
(65)
(58)
(63)
(52)
(40)
(41)
(42)
(43)
(303)
(247)
(175)
(43)
Total
$
140
$
195
$
262
$
288
$
178
$
84
$
71
$
17
$
-
$
910
$
885
$
350
$
-
Adjusted EBITDA %:
Wellbore Technologies
14.5%
15.8%
16.8%
18.7%
14.9%
9.5%
5.8%
3.2%
8.2%
16.3%
16.4%
9.5%
8.2%
Completion & Production Solutions
4.8%
7.8%
11.3%
12.0%
10.5%
11.1%
10.5%
5.1%
-0.9%
12.9%
9.3%
9.5%
-0.9%
Rig Technologies
9.3%
11.0%
16.2%
14.8%
10.1%
2.9%
6.2%
4.3%
3.0%
12.0%
12.9%
6.1%
3.0%
Eliminations and corporate costs
-
-
-
-
-
-
-
-
-
-
-
-
-
NOV consolidated
7.2%
9.1%
12.3%
12.6%
9.5%
5.6%
5.1%
1.3%
0.0%
10.8%
10.4%
5.7%
0.0%
Completion & Production Solutions:
Ending Backlog
$
1,041
$
1,215
$
1,298
$
1,305
$
1,185
$
1,000
$
789
$
696
$
810
$
894
$
1,305
$
696
$
810
Revenue out of backlog
$
316
$
379
$
431
$
499
$
416
$
388
$
394
$
328
$
267
$
1,697
$
1,625
$
1,526
$
267
Order Additions, net
$
470
$
548
$
535
$
502
$
335
$
196
$
169
$
215
$
338
$
1,564
$
2,055
$
915
$
338
Other Additions
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
57
$
-
$
-
$
-
$
57
FX Adjustment
$
(7)
$
5
$
(21)
$
4
$
(39)
$
7
$
14
$
20
$
(14)
$
(39)
$
(19)
$
2
$
(14)
Rig Technologies:
Ending Backlog
$
3,142
$
3,168
$
3,143
$
2,994
$
2,932
$
2,787
$
2,660
$
2,669
$
2,591
$
3,117
$
2,994
$
2,669
$
2,591
Adoption of Revenue Recognition standard
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
110
$
-
$
-
$
-
Revenue out of backlog
$
246
$
284
$
246
$
360
$
208
$
219
$
199
$
181
$
190
$
1,088
$
1,136
$
807
$
190
Order Additions, net
$
271
$
310
$
221
$
211
$
146
$
74
$
57
$
190
$
112
$
2,497
$
1,013
$
467
$
112
Deductions from backlog
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
282
$
-
$
-
$
-
FX Adjustment
$
-
$
-
$
-
$
-
$
-
$
-
$
15
$
-
$
-
$
(8)
$
-
$
15
$
-
2019
2020
2021
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
2018
2019
2020
2021
Other items excluded from Adjusted EBITDA:
Wellbore Technologies
$
(2)
$
3,345
$
41
$
410
$
715
$
62
$
26
$
46
$
6
$
21
$
3,794
$
849
$
6
Completion & Production Solutions
11
1,939
79
13
1,054
12
23
43
(2)
-
2,042
1,132
(2)
Rig Technologies
2
474
194
114
238
20
12
132
3
6
784
402
3
Eliminations and corporate costs
-
11
-
-
16
8
1
15
2
(18)
11
40
2
Total
$
11
$
5,769
$
314
$
537
$
2,023
$
102
$
62
$
236
$
9
$
9
$
6,631
$
2,423
$
9
Proforma Selected Financial Data - Tear Sheet
FINAL
4/27/2021 4:30PM
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Disclaimer
National Oilwell Varco Inc. published this content on 27 April 2021 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 27 April 2021 22:18:02 UTC .
Transcript : NOV Inc., Q1 2024 Earnings Call, Apr 26, 2024
04-26
NOV Inc. Expects to Increase Its Quarterly Cash Dividend from Quarter Ended June 30, 2024
04-26
CI
NOV Inc. Intends to Declare A Supplemental Dividend During the Quarter Ended June 30, 2025
04-26
CI
NOV Inc. announces an Equity Buyback for $1,000 million worth of its shares.
04-26
CI
NOV Q1 Profit Declines, Revenue Rises; Issues Q2, Full-Year Guidance; Unveils Plans for Return of Capital
04-26
MT
NOV Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2024
04-25
CI
NOV Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
04-25
CI
NOV Inc. authorizes a Buyback Plan.
04-24
CI
Morgan Stanley Raises Price Target on NOV to $25 From $24 on Removal of 'Saudi Risk Premium,' Keeps Overweight Rating
04-18
MT
Arcosa Closes $180 Million Acquisition of Ameron Pole Products
04-09
MT
Cemc Services, LLC completed the acquisition of Ameron Pole Products LLC from NOV Inc..
04-08
CI
Arcosa to Buy Ameron Pole Products From NOV for $180 Million
03-11
MT
Cemc Services, LLC entered into a Membership Interest Purchase Agreement to acquire Ameron Pole Products LLC from NOV Inc. for $180 million.
03-10
CI
NOV Inc. Appoints Patricia Martinez to the Board of Directors
03-06
CI
NOV Inc. Establishes Regional Headquarters in Dammam, Saudi Arabia
02-22
CI
Piper Sandler Adjusts NOV's Price Target to $22 From $25, Keeps Neutral Rating
02-20
MT
NOV Inc. Declares Regular Quarterly Dividend, Payable on March 28, 2024
02-15
CI
Raymond James Adjusts Price Target on NOV to $25 From $28, Maintains Outperform Rating
02-05
MT
Sector Update: Energy Stocks Slip Premarket Friday
02-02
MT
Transcript : NOV Inc., Q4 2023 Earnings Call, Feb 02, 2024
02-02
NOV Q4 Earnings, Revenue Rises
02-01
MT
Earnings Flash (NOV) NOV Reports Q4 Revenue $2.34B, vs. Street Est of $2.26B
02-01
MT
NOV Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
02-01
CI
NOV Inc. Appoints Patricia Melcher to the Board of Directors, Effective January 17, 2024
01-17
CI
TD Cowen Adjusts Price Target on NOV to $29 From $28, Maintains Outperform Rating
12-12
MT
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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NOV Inc. is an independent equipment and technology provider to the global energy industry. The Company operates through two segments: Energy Equipment, and Energy Products and Services. Its engineering knowhow, global supply chain management, manufacturing, and energy infrastructure development support provides capabilities to assist customers with energy transition advancement. It is also a geothermal equipment and technology provider, offering an array of tools and equipment specifically designed for the ultra-harsh conditions associated with geothermal development. Additionally, the Company is an equipment and technology provider for purpose-built vessels used to build, install, and maintain offshore wind towers and turbines. The Company is engaged in the development and commercialization of novel products and technologies to improve the efficiencies and economics of land and offshore-based wind, geothermal power generation, and carbon capture and sequestration.
More about the company
Last Close Price
18.54
USD
Average target price
23.75
USD
Spread / Average Target
+28.10%
Consensus
+951% of historical performance
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