{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-048681","form_type":"8-K","ticker":"NOV","cik":"0001021860","company_name":"NOV Inc.","filed_at":"2024-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.916320+00:00","generated_at":"2026-06-03T06:09:24.276538+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"NOV Q1 revenue $2.16B (+10%); plans $1B buyback, 50% dividend increase","bullets":["Q1 revenue $2.16B (+10% YoY); net income $119M (-$7M YoY); EPS $0.30 (-$0.02).","Adjusted EBITDA $241M (+$46M YoY); operating profit $162M (+$36M).","Plans to return at least 50% of excess free cash flow annually via dividends, buybacks, and supplemental dividends.","Board authorized $1B share repurchase over 36 months; dividend to rise 50% to $0.075/qtr starting June 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-048681","json":"https://secwatch.observer/filing/0000950170-24-048681.json","markdown":"https://secwatch.observer/filing/0000950170-24-048681.md","text":"https://secwatch.observer/filing/0000950170-24-048681.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1021860/000095017024048681/0000950170-24-048681-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1021860/000095017024048681/nov-20240425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T06:09:24.276538+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"07497601fbf74d68753225dcb969130410c7e9e9","claim":"NOV Inc. reported first quarter 2024 results: revenue $2.16 billion, net income $119 million, EPS $0.30.","evidence_excerpt":"NOV Reports first quarter 2024 Results, return of capital framework, $1 billion share repurchase authorization, and Plan to increase dividend 50% • Revenue of $2.16 billion, an increase of 10% year-over-year • Operating Profit of $162 million, an increase of $36 million year-over-year • Net Income of $119 million, down $7 million year-over-year • Fully diluted earnings per share of $0.30, down $0.02 year-over-year • Adjusted EBITDA* of $241 million, an increase of $46 million year-over-year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1021860/000095017024048681/0000950170-24-048681-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024"},{"label":"Revenue","value":"$2.16 billion"},{"label":"Net income","value":"$119 million"},{"label":"EPS","value":"$0.30"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}