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BRIEF-Nov Reports Second Quarter 2022 Earnings

BRIEF-Nov Reports Second Quarter 2022 Earnings

Reuters · 07/27/2022 18:02
BRIEF-Nov Reports Second Quarter 2022 Earnings

- Nov Inc NOV:

  • NOV REPORTS SECOND QUARTER 2022 EARNINGS

  • QTRLY REVENUE OF $1.73 BILLION, UP 12% SEQUENTIALLY AND 22% YEAR-OVER-YEAR

  • QTRLY NET INCOME OF $69 MILLION, OR $0.18 PER FULLY DILUTED SHARE

  • COMPLETION & PRODUCTION SOLUTIONS GENERATED REVENUES OF $639 MILLION IN Q2 OF 2022

  • AS OF JUNE 30, 2022, BACKLOG FOR CAPITAL EQUIPMENT ORDERS FOR COMPLETION & PRODUCTION SOLUTIONS WAS $1.44 BILLION

  • NEW ORDERS BOOKED DURING QUARTER FOR COMPLETION & PRODUCTION SOLUTIONS TOTALED $530 MILLION

  • AS OF JUNE 30, 2022, BACKLOG FOR CAPITAL EQUIPMENT ORDERS FOR RIG TECHNOLOGIES WAS $2.84 BILLION

  • NEW ORDERS BOOKED DURING QUARTER FOR RIG TECHNOLOGIES TOTALED $140 MILLION

  • Q2 EARNINGS PER SHARE VIEW $0.04, REVENUE VIEW $1.63 BILLION -- REFINITIV IBES DATA

Source text for Eikon: ID:

Further company coverage: NOV


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