Loading...
•
Sep 30, 2021
NOV Q3 2021 Earnings Report
Reported third quarter results with revenues decreasing and a net loss recorded.
Key Takeaways
NOV Inc. reported third quarter 2021 revenues of $1.34 billion, a decrease of 5 percent compared to the second quarter of 2021 and a decrease of 3 percent compared to the third quarter of 2020. Net loss for the third quarter of 2021 was $69 million, or 5.1 percent of sales.
Rising oil and gas prices continue to drive higher demand for NOV.
Orders again exceeded shipments in the third quarter.
Offshore wind power related projects drive more than half of Rig Technology segment’s orders.
NOV is well positioned to generate much stronger financial returns from the coming multi-year up-cycle in both the conventional and renewable energy markets.
Revenue by Segment
Forward Guidance
Rising economic activity and higher backlogs continue to underpin the improving outlook for 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...