secwatch.observer — SEC 8-K summary
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Issuer:     NOV Inc. (NOV)
CIK:        0001021860
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0001564590-21-038437
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NOV Q2 2021 revenue $1.42B, net loss $26M; adjusted EBITDA rises to $104M
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- Revenue of $1.42B, up 13% QoQ but down 5% YoY; net loss $26M includes $15M in one-time charges.
- Adjusted EBITDA $104M (7.3% of sales), up from $47M in Q1; Wellbore Tech EBITDA $63M.
- Completion & Production Solutions book-to-bill 167%; backlog $1.0B. Rig Tech backlog $2.66B.
- Repaid $183M of 2.60% Senior Notes due 2022; total debt $1.69B, cash $1.57B.
- Offshore wind contracts signed; first NOVOS/MPowerD integrated MPD project delivered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021860/000156459021038437/0001564590-21-038437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021860/000156459021038437/nov-8k_20210727.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-038437

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