BRIEF-Nov Inc Sees Q1 Revenue $1.2 Bln To $1.25 Bln

March 16 (Reuters) - Nov Inc NOV.N:

• SEES Q1 REVENUE $1.2 BILLION TO $1.25 BILLION

• SEVERE WEATHER IN TEXAS AND OKLAHOMA DURING FEBRUARY ADVERSELY AFFECTED FINANCIAL RESULTS OF ALL THREE SEGMENTS

• NATIONAL OILWELL - EXPECTS OPERATIONAL DISRUPTIONS, SOFTER-THAN-ANTICIPATED ORDERS WILL CAUSE Q1 OPERATING RESULTS TO FALL BELOW PRIOR GUIDANCE

• COMPLETION & PRODUCTION SOLUTIONS AND RIG TECHNOLOGIES SEGMENTS WERE IMPACTED BY CERTAIN PROJECT DELAYS, AMONG OTHERS

• EXPECT PROSPECTS FOR BUSINESS TO IMPROVE THROUGH REMAINDER OF YEAR

• NATIONAL OILWELL VARCO - COMPLETION & PRODUCTION SOLUTIONS AND RIG TECHNOLOGIES SEGMENTS WERE IMPACTED BY COVID-19 SHUTDOWNS IN SOUTHEAST ASIA

• NATIONAL OILWELL VARCO - COMPLETION & PRODUCTION SOLUTIONS AND RIG TECHNOLOGIES SEGMENTS WERE IMPACTED BY ACUTE GLOBAL GLASS FIBER SUPPLY SHORTAGE

• SEES Q1 ADJUSTED EBITDA LOSS OF $15 MILLION TO $25 MILLION

• Q1 REVENUE VIEW $1.32 BILLION -- REFINITIV IBES DATA

Source text for Eikon: ID:nBw1lLXBna

Further company coverage: NOV.N

((Reuters.Briefs@thomsonreuters.com;))