NOV Inc. - NOV STOCK NEWS

NOV Inc. (NYSE: NOV) declared a quarterly cash dividend of $0.05 per share, payable on June 24, 2022, to stockholders of record on June 10, 2022. This decision reflects the company's commitment to returning value to its shareholders. NOV has over 150 years of experience in delivering technology-driven solutions to the energy industry, focusing on safe energy production while minimizing environmental impact. Their expertise supports advancements towards a sustainable energy future.

NOV reported Q1 2022 revenues of $1.55 billion, up 24% year-over-year, while net loss was $50 million or 3.2% of sales. Adjusted EBITDA rose to $103 million, representing 6.7% of sales. The Wellbore Technologies segment generated$608 million in revenue, up 47% year-over-year. Despite challenges in Completion & Production Solutions, backlog increased 68% year-over-year to $1.36 billion. The company also secured significant contracts in both wind and oil sectors, demonstrating a strong market position.

NOV Inc. (NYSE: NOV) will hold a conference call on April 29, 2022, at 10 a.m. Central Time to discuss its first quarter 2022 results. The press release detailing the results will be issued after market close on April 28, 2022. The call will be available for live webcast on NOV's investor relations website.

With over 150 years of experience, NOV provides technology-driven solutions to the global energy industry, focusing on safety, efficiency, and sustainability in oilfield operations.

NOV Inc. (NYSE: NOV) has declared a regular quarterly cash dividend of $0.05 per share, set to be paid on March 25, 2022. Stockholders on record as of March 11, 2022 will receive this dividend. The company emphasizes its commitment to providing technology-driven solutions for the global energy industry, aiming to enhance safety and minimize environmental impact.

NOV Inc. (NYSE: NOV) reported Q4 2021 revenues at $1.52 billion, up 13% sequentially and 14% year-over-year. The net loss was $40 million, affected by COVID-19 and supply chain challenges. Full-year revenues were $5.52 billion, with a net loss of $250 million. Key segments showed growth: Wellbore Technologies rose 14% Q/Q and 54% Y/Y; Completion & Production Solutions increased 15% Q/Q. However, Rig Technologies faced a decline of 1% Y/Y. NOV's backlog for key segments is strong, with continued customer demand amid rising energy prices.

NOV Inc. (NYSE: NOV) will hold a conference call on February 4, 2022, at 10 a.m. (Central Time), to discuss its fourth quarter 2021 results. A press release with the financial results will be issued after market close on February 3, 2022. The call will be available via live webcast on www.nov.com/investors. NOV has over 150 years of experience in providing technology-driven solutions to the energy industry, focusing on enhancing oilfield operations and promoting sustainability.

LP Building Solutions (NYSE: LPX) announced the appointment of Jose A. Bayardo to its Board of Directors, effective immediately. Bayardo, currently the CFO at NOV Inc. (NYSE: NOV), brings extensive experience in finance, strategic planning, and corporate transformations. CEO Brad Southern highlighted Bayardo's insights as pivotal for executing the company's transformation strategy. Bayardo holds degrees from prestigious universities and has a background in investment banking and leadership roles in multiple companies.

NOV Inc. (NYSE: NOV) has reinstated its regular quarterly cash dividend of $0.05 per share, reflecting the company's commitment to returning capital to shareholders and confidence in its business recovery. The dividend is payable on December 17, 2021, to stockholders of record as of December 3, 2021.

This decision highlights NOV's focus on financial stability and growth in the energy sector, leveraging over 150 years of experience to drive innovations that support sustainable energy production.

NOV reported Q3 2021 revenues of $1.34 billion, down 5% from Q2 and 3% from Q3 2020. The net loss was $69 million, including $12 million in COVID-19 related charges. Adjusted EBITDA fell to $56 million, or 4.2% of sales. Despite challenges, demand rose with orders exceeding shipments. Notable achievements included significant contracts in renewable energy and a strong backlog of $1.11 billion in Completion & Production Solutions and $2.78 billion in Rig Technologies. NOV aims to capitalize on the emerging energy upcycle.