Loading...
•
Sep 30, 2024
NOV Q3 2024 Earnings Report
Reported third quarter 2024 results with increased net income and adjusted EBITDA year-over-year.
Key Takeaways
NOV Inc. reported third quarter 2024 revenues of $2.19 billion, a slight increase compared to the third quarter of 2023. Net income increased 14 percent to $130 million, or $0.33 per share, and adjusted EBITDA increased seven percent year-over-year to $286 million.
Net Income of $130 million, or $0.33 per share, up $16 million, or $0.04 per share, year-over-year
Adjusted EBITDA of $286 million, an increase of $19 million year-over-year
Cash flow from operations of $359 million and free cash flow of $277 million
Bookings of $627 million, representing a 111% book-to-bill
NOV
NOV
NOV Revenue by Segment
Revenue by Segment
Energy Products & Svcs Revenue
CapyFin.comEnergy Equipment Revenue
CapyFin.com Forward Guidance
For the fourth quarter of 2024 management expects year-over-year consolidated revenues to be down three to five percent with Adjusted EBITDA between $280 million and $300 million. Full-year Adjusted EBITDA is expected to be near the lower end of the company's prior guidance range of between $1.10 billion and $1.18 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income