NOV Inc (NOV) Misses Q3 EPS by 9c

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Go back to NOV Inc (NOV) Misses Q3 EPS by 9c

NOV Reports Third Quarter 2021 Results

October 26, 2021 5:30 PM EDT

HOUSTON--(BUSINESS WIRE)-- NOV Inc. (NYSE: NOV) today 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, which included $12 million in pre-tax charges related to COVID-19 operational disruptions on a project in a Southeast Asian shipyard and $24 million in Other Items (see Corporate Information for additional details). Adjusted EBITDA (operating profit excluding depreciation, amortization, and Other Items) decreased sequentially to $56 million, or... More