secwatch.observer — SEC 8-K summary
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Issuer:     NOV Inc. (NOV)
CIK:        0001021860
Form:       8-K
Filed at:   2021-10-27T23:59:59+00:00
Accession:  0001564590-21-052217
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NOV Q3 2021 net loss $69M on revenue $1.34B; adjusted EBITDA $56M
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- Revenue $1.34B (-5% QoQ, -3% YoY); net loss $69M incl. $12M COVID charges and $24M other items.
- Adjusted EBITDA $56M (4.2% of sales); Wellbore Technologies adj EBITDA $77M, C&P Solutions -$5M, Rig Technologies $25M.
- C&P Solutions backlog $1.11B (book-to-bill 144%); Rig Technologies backlog $2.78B (book-to-bill 190%).
- Total debt $1.70B, cash $1.67B, $2.00B revolver available.
- CEO cites rising oil/gas prices driving demand; offshore wind orders >50% of Rig Tech segment orders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021860/000156459021052217/0001564590-21-052217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021860/000156459021052217/nov-8k_20211027.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-052217

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