NOV reports Q3 revenue $2.19B (+16% YoY), net income $114M, EPS $0.29 (down $0.10 sequentially)

NOV Inc.

2023-Q3 EPS reported $1.00 revenue$6,240,000,000

Revenue of $2.19B, up 4% sequentially and 16% year-over-year, driven by growth across segments.
Operating profit of $183M, up $128M YoY but only up $2M sequentially.
Net income of $114M, down $41M sequentially but up $82M YoY; fully diluted EPS $0.29 (down $0.10 sequentially, up $0.21 YoY).
Adjusted EBITDA of $267M, up $22M sequentially and $72M YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NOV Inc. reported the quarter ended September 30, 2023 results: revenue $2.19 billion, net income $114 million, EPS $0.29.

Period: the quarter ended September 30, 2023
Revenue: $2.19 billion
Net income: $114 million
EPS: $0.29
Result: reported results

Exact text from the filing

filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 NEWS Contact: Blake McCarthy (713) 815-3535 FOR IMMEDIATE RELEASE NOV Reports third quarter 2023 eARNINGS • Revenue of $2.19 billion, up 4% sequentially and up 16% year-over-year • Operating Profit of $183 million, up $2 million sequentially and up $128 million year-over-year • Net Income of $114 million, down

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Source: SEC EDGAR

accession 0000950170-23-055806

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