Market Closed -
Nyse
04:00:02 2024-04-19 pm EDT
5-day change
1st Jan Change
18.75
USD
+1.35%
-2.19%
-7.54%
Third Quarter 2021 Segmented Financial Data
October 26, 2021 at 05:48 pm EDT
NOV Inc.
Proforma Selected Financial Data
(In millions)
2019
2020
2021
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
2018
2019
2020
2021
9 Months
Revenue:
Wellbore Technologies
$
807
$
850
$
793
$
764
$
691
$
442
$
361
$
373
$
413
$
463
$
507
$
3,235
$
3,214
$
1,867
$
1,383
Completion & Production Solutions
581
663
728
799
675
611
601
546
439
497
478
2,931
2,771
2,433
1,414
Rig Technologies
603
671
649
759
557
476
449
437
431
487
390
2,575
2,682
1,919
1,308
Eliminations
(51)
(52)
(44)
(41)
(40)
(33)
(27)
(29)
(34)
(30)
(34)
(288)
(188)
(129)
(98)
Total
$
1,940
$
2,132
$
2,126
$
2,281
$
1,883
$
1,496
$
1,384
$
1,327
$
1,249
$
1,417
$
1,341
$
8,453
$
8,479
$
6,090
$
4,007
Adjusted EBITDA:
Wellbore Technologies
$
117
$
134
$
133
$
143
$
103
$
42
$
21
$
12
$
34
$
63
$
77
$
526
$
527
$
178
$
174
Completion & Production Solutions
28
52
82
96
71
68
63
28
(4)
4
(5)
378
258
230
(5)
Rig Technologies
56
74
105
112
56
14
28
19
13
75
25
309
347
117
113
Eliminations and corporate costs
(61)
(65)
(58)
(63)
(52)
(40)
(41)
(42)
(43)
(38)
(41)
(303)
(247)
(175)
(122)
Total
$
140
$
195
$
262
$
288
$
178
$
84
$
71
$
17
$
-
$
104
$
56
$
910
$
885
$
350
$
160
Adjusted EBITDA %:
Wellbore Technologies
14.5%
15.8%
16.8%
18.7%
14.9%
9.5%
5.8%
3.2%
8.2%
13.6%
15.2%
16.3%
16.4%
9.5%
12.6%
Completion & Production Solutions
4.8%
7.8%
11.3%
12.0%
10.5%
11.1%
10.5%
5.1%
(0.9)%
0.8%
(1.0)%
12.9%
9.3%
9.5%
(0.4)%
Rig Technologies
9.3%
11.0%
16.2%
14.8%
10.1%
2.9%
6.2%
4.3%
3.0%
15.4%
6.4%
12.0%
12.9%
6.1%
8.6%
Eliminations and corporate costs
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
NOV consolidated
7.2%
9.1%
12.3%
12.6%
9.5%
5.6%
5.1%
1.3%
-
7.3%
4.2%
10.8%
10.4%
5.7%
4.0%
Completion & Production Solutions:
Ending Backlog
$
1,041
$
1,215
$
1,298
$
1,305
$
1,185
$
1,000
$
789
$
696
$
810
$
1,003
$
1,107
$
894
$
1,305
$
696
$
1,107
Revenue out of backlog
316
379
431
499
416
388
394
328
267
276
266
1,697
1,625
1,526
809
Order Additions, net
470
548
535
502
335
196
169
215
338
462
384
1,564
2,055
915
1,184
Other Additions
-
-
-
-
-
-
-
-
57
-
-
-
-
-
57
FX Adjustment
(7)
5
(21)
4
(39)
7
14
20
(14)
7
(14)
(39)
(19)
2
(21)
Rig Technologies:
Ending Backlog
$
3,142
$
3,168
$
3,143
$
2,994
$
2,932
$
2,787
$
2,660
$
2,669
$
2,591
$
2,655
$
2,784
$
3,117
$
2,994
$
2,669
$
2,784
Adoption of Revenue Recognition standard
-
-
-
-
-
-
-
-
-
-
-
110
-
-
-
Revenue out of backlog
246
284
246
360
208
219
199
181
190
168
158
1,088
1,136
807
516
Order Additions, net
271
310
221
211
146
74
57
190
112
232
300
2,497
1,013
467
644
Deductions from backlog
-
-
-
-
-
-
-
-
-
-
-
282
-
-
-
FX Adjustment
-
-
-
-
-
-
15
-
-
-
(13)
(8)
-
15
(13)
2019
2020
2021
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
2018
2019
2020
2021
Other items excluded from Adjusted EBITDA:
Wellbore Technologies
$
(2)
$
3,345
$
41
$
410
$
715
$
62
$
26
$
46
$
6
$
18
$
7
$
21
$
3,794
$
849
$
31
Completion & Production Solutions
11
1,939
79
13
1,054
12
23
43
(2)
(6)
6
-
2,042
1,132
(2)
Rig Technologies
2
474
194
114
238
20
12
132
3
8
6
6
784
402
17
Eliminations and corporate costs
-
11
-
-
16
8
1
15
2
(5)
5
(18)
11
40
2
Total
$
11
$
5,769
$
314
$
537
$
2,023
$
102
$
62
$
236
$
9
$
15
$
24
$
9
$
6,631
$
2,423
$
48
Proforma Selected Financial Data - Tear Sheet
FINAL
10/26/2021 4:30PM
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NOV Inc. published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 26 October 2021 21:47:03 UTC .
Morgan Stanley Raises Price Target on NOV to $25 From $24 on Removal of 'Saudi Risk Premium,' Keeps Overweight Rating
Apr. 18
MT
Arcosa Closes $180 Million Acquisition of Ameron Pole Products
Apr. 09
MT
Cemc Services, LLC completed the acquisition of Ameron Pole Products LLC from NOV Inc..
Apr. 08
CI
Arcosa to Buy Ameron Pole Products From NOV for $180 Million
Mar. 11
MT
Cemc Services, LLC entered into a Membership Interest Purchase Agreement to acquire Ameron Pole Products LLC from NOV Inc. for $180 million.
Mar. 10
CI
NOV Inc. Appoints Patricia Martinez to the Board of Directors
Mar. 06
CI
NOV Inc. Establishes Regional Headquarters in Dammam, Saudi Arabia
Feb. 22
CI
Piper Sandler Adjusts NOV's Price Target to $22 From $25, Keeps Neutral Rating
Feb. 20
MT
NOV Inc. Declares Regular Quarterly Dividend, Payable on March 28, 2024
Feb. 15
CI
Raymond James Adjusts Price Target on NOV to $25 From $28, Maintains Outperform Rating
Feb. 05
MT
Sector Update: Energy Stocks Slip Premarket Friday
Feb. 02
MT
Transcript : NOV Inc., Q4 2023 Earnings Call, Feb 02, 2024
Feb. 02
NOV Q4 Earnings, Revenue Rises
Feb. 01
MT
Earnings Flash (NOV) NOV Reports Q4 Revenue $2.34B, vs. Street Est of $2.26B
Feb. 01
MT
NOV Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
Feb. 01
CI
NOV Inc. Appoints Patricia Melcher to the Board of Directors, Effective January 17, 2024
Jan. 17
CI
TD Cowen Adjusts Price Target on NOV to $29 From $28, Maintains Outperform Rating
Dec. 12
MT
JPMorgan Upgrades NOV to Overweight From Neutral, Price Target at $25
Dec. 08
MT
Sector Update: Energy Stocks Decline Pre-Bell Thursday
Nov. 16
MT
NOV Keeps Quarterly Cash Dividend at $0.05 a Share; Payable Dec. 22 to Shareholders of Record as of Dec. 8
Nov. 16
MT
NOV Inc. Declares Regular Quarterly Dividend, Payable on December 22, 2023
Nov. 16
CI
Goldman Sachs Raises Price Target on NOV to $19 From $18, Maintains Sell Rating
Nov. 14
MT
Raymond James Adjusts Price Target on NOV to $29 From $28, Maintains Outperform Rating
23-10-30
MT
RBC Lifts Price Target on NOV Inc. to $24 From $23, Keeps Sector Perform Rating
23-10-30
MT
NOV Inc. Provides Earnings Guidance for the Fourth Quarter of 2023
23-10-27
CI
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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NOV Inc. is an independent equipment and technology provider to the global energy industry. The Company operates through two segments: Energy Equipment, and Energy Products and Services. Its engineering knowhow, global supply chain management, manufacturing, and energy infrastructure development support provides capabilities to assist customers with energy transition advancement. It is also a geothermal equipment and technology provider, offering an array of tools and equipment specifically designed for the ultra-harsh conditions associated with geothermal development. Additionally, the Company is an equipment and technology provider for purpose-built vessels used to build, install, and maintain offshore wind towers and turbines. The Company is engaged in the development and commercialization of novel products and technologies to improve the efficiencies and economics of land and offshore-based wind, geothermal power generation, and carbon capture and sequestration.
More about the company
Last Close Price
18.5
USD
Average target price
23.75
USD
Spread / Average Target
+28.38%
Consensus
+951% of historical performance
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