NOV Q2 2022 Earnings Report
Key Takeaways
NOV Inc. reported a strong second quarter with revenues of $1.73 billion, up 22% year-over-year. Net income was $69 million, or $0.18 per share. The company's book-to-bill ratio exceeded 100% for the fifth consecutive quarter, indicating strong industry demand.
Revenue increased by 22% year-over-year to $1.73 billion.
Net income was $69 million, or $0.18 per fully diluted share.
Operating profit was $68 million, up $56 million year-over-year.
Orders totaled $670 million with a book-to-bill of 117%.
NOV
NOV
NOV Revenue by Segment
Forward Guidance
NOV's second quarter book-to-bill exceeded 100 percent for the fifth quarter in a row, a key indication that the industry is embracing its critical mission of restoring its capabilities to provide oil and gas supply to an energy-starved global economy.
Revenue & Expenses
Visualization of income flow from segment revenue to net income