secwatch.observer — SEC 8-K summary
======================================

Issuer:     NOV Inc. (NOV)
CIK:        0001021860
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0000950170-22-006627
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NOV Q1 2022 revenue $1.55B (+24% YoY); net loss $50M includes $45M Russia/Belarus/Ukraine charges
--------------------------------------------------------------------------------

- Net loss of $50M (3.2% of sales) includes $45M in impairment and restructuring charges from Russia, Belarus, and Ukraine.
- Adjusted EBITDA rose to $103M (6.7% of sales) vs. Q4 2021, driven by better execution and pricing.
- Wellbore Technologies revenue $608M (+47% YoY); adjusted EBITDA margin 16.6%.
- Completion & Production Solutions backlog $1.36B (+68% YoY); book-to-bill 110%.
- Rig Technologies backlog $2.89B; book-to-bill 124% with $80M inflationary price adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021860/000095017022006627/0000950170-22-006627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021860/000095017022006627/nov-20220429.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-006627

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer