earnings
confidence high
sentiment neutral
materiality 0.70
NOV Q4 revenue $1.52B (+13% seq); net loss $40M; adj. EBITDA $69M
NOV Inc.
2021-FY EPS reported
-$0.65
revenue$5,524,000,000
- Revenue $1.52B, up 13% sequentially and 14% YoY; net loss $40M includes $20M in one-time charges.
- Adjusted EBITDA $69M (4.5% of sales), improved from prior quarter; full year adj. EBITDA $229M (4.1%).
- Wellbore Technologies revenue $576M (+14% seq); Completion & Production $549M (+15% seq); Rig Technologies $431M (+11% seq).
- New orders: Completion & Production $495M (book-to-bill 159%); Rig Technologies $191M (102%); backlog $1.29B and $2.77B.
- Cash $1.59B, debt $1.71B, $2.0B available on revolver.