NOV - National Oilwell Varco GAAP EPS of $0.26 beats by $0.02 revenue of $2.07B beats by $110M
- National Oilwell Varco press release ( NYSE: NOV ): Q4 GAAP EPS of $0.26 beats by $0.02 .
- Revenue of $2.07B (+36.2% Y/Y) beats by $110M .
- Operating Profit of $162 million, up $107 million sequentially and $177 million year-over-year
- Adjusted EBITDA of $231 million, up $36 million sequentially and $162 million year-over-year.
- New orders booked during the quarter totaled $557 million, representing a book-to-bill of 118 percent when compared to the $472 million of orders shipped from backlog.
- As of December 31, 2022, backlog for capital equipment orders for Completion & Production Solutions was $1.60 billion, an increase of eight percent from the third quarter of 2022 and an increase of 24 percent from the fourth quarter of 2021.
- As of December 31, 2022, the Company had total debt of $1.73 billion, with $2.00 billion available on its primary revolving credit facility, and $1.07 billion in cash and cash equivalents.
- Shares +0.86% AH.
For further details see:
National Oilwell Varco GAAP EPS of $0.26 beats by $0.02, revenue of $2.07B beats by $110M