secwatch.observer — SEC 8-K summary
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Issuer:     NOV Inc. (NOV)
CIK:        0001021860
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000950170-24-048681
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NOV Q1 revenue $2.16B (+10%); plans $1B buyback, 50% dividend increase
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021860/000095017024048681/0000950170-24-048681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021860/000095017024048681/nov-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-048681

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