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NOV (NOV)
NYSE:NOV
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.26Last Year’s EPS
0.3Same Quarter Last Year
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 5.90%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth, robust free cash flow, and strategic advancements in digital services and energy equipment. However, challenges in North American drilling activity, pressure pumping equipment demand, and offshore drilling market concerns were noted. Despite these challenges, there is optimism for future margin improvements and continued shareholder returns.Company Guidance
During the NOV Fourth Quarter 2024 Earnings Conference Call, the company reported strong financial performance. For the fourth quarter, NOV achieved revenues of $2.31 billion with a net income of $160 million, translating to $0.41 per share. The EBITDA for this period was $302 million, representing 13.1% of sales. The book-to-bill ratio was 121%, indicating robust demand, while shipments out of backlog increased by 12% sequentially. For the full year 2024, NOV's revenues totaled $8.87 billion, and net income reached $635 million, or $1.60 per share. The EBITDA for the year was $1.1 billion, equating to 12.5% of sales, with a strong incremental flow-through of 38%. Free cash flow was notably strong at $953 million, which was 86% of EBITDA. The Energy Equipment segment led the revenue growth with a 5% increase and a 250 basis point expansion in segment margins. Despite challenges in certain markets, NOV continued to benefit from rising demand for its technologies, securing multiple large orders, and achieving a 22% backlog growth over the past four years. Looking ahead to 2025, NOV anticipates maintaining strong margins and shareholder returns, with a focus on market share gains and technology leadership.Revenue and Net Income Growth
Fourth quarter revenues grew 5% sequentially to $2.31 billion, and net income was $160 million resulting in fully diluted earnings of $0.41 per share. Full year 2024 revenues increased 3% to $8.87 billion, with a net income of $635 million.
Strong Free Cash Flow
NOV generated exceptionally strong free cash flow of $953 million for the full year 2024, representing 86% of EBITDA conversion.
Energy Equipment Segment Performance
The Energy Equipment segment led with a 5% revenue increase and a 250 basis points margin expansion due to recovering supply chains and higher-margin contracts.
Digital Services Expansion
NOV's digital services, including the Max Edge platform, gained traction with the user base more than doubling through 2024.
Shareholder Returns
Returned $337 million to shareholders through share buybacks and increased dividends, representing 41% of excess free cash flow.
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NOV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NOV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $14.58 | $16.43 | +12.69% |
| Oct 24, 2024 | $15.19 | $15.64 | +2.96% |
| Jul 25, 2024 | $18.49 | $19.66 | +6.33% |
| Apr 25, 2024 | $18.69 | $18.61 | -0.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NOV (NOV) report earnings?
NOV (NOV) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is NOV (NOV) earnings time?
NOV (NOV) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NOV EPS forecast?
NOV EPS forecast for the fiscal quarter 2025 (Q1) is 0.26.
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