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    NOV   US62955J1034

NOV INC.

(NOV)
  Report
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

NOV : Second Quarter 2021 Segmented Financial Data

07/27/2021 | 07:03pm EDT

NOV Inc.

Proforma Selected Financial Data

(In millions)

2019

2020

2021

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2018

2019

2020

2021

6 Months

Revenue:

Wellbore Technologies

$

807

$

850

$

793

$

764

$

691

$

442

$

361

$

373

$

413

$

463

$

3,235

$

3,214

$

1,867

$

876

Completion & Production Solutions

581

663

728

799

675

611

601

546

439

497

2,931

2,771

2,433

936

Rig Technologies

603

671

649

759

557

476

449

437

431

487

2,575

2,682

1,919

918

Eliminations

(51)

(52)

(44)

(41)

(40)

(33)

(27)

(29)

(34)

(30)

(288)

(188)

(129)

(64)

Total

$

1,940

$

2,132

$

2,126

$

2,281

$

1,883

$

1,496

$

1,384

$

1,327

$1,249

$1,417

$

8,453

$

8,479

$

6,090

$

2,666

Adjusted EBITDA:

Wellbore Technologies

$

117

$

134

$

133

$

143

$

103

$

42

$

21

$

12

$

34

$

63

$

526

$

527

$

178

$

97

Completion & Production Solutions

28

52

82

96

71

68

63

28

(4)

4

378

258

230

-

Rig Technologies

56

74

105

112

56

14

28

19

13

75

309

347

117

88

Eliminations and corporate costs

(61)

(65)

(58)

(63)

(52)

(40)

(41)

(42)

(43)

(38)

(303)

(247)

(175)

(81)

Total

$

140

$

195

$

262

$

288

$

178

$

84

$

71

$

17

$

-

$

104

$

910

$

885

$

350

$

104

Adjusted EBITDA %:

Wellbore Technologies

14.5%

15.8%

16.8%

18.7%

14.9%

9.5%

5.8%

3.2%

8.2%

13.6%

16.3%

16.4%

9.5%

11.1%

Completion & Production Solutions

4.8%

7.8%

11.3%

12.0%

10.5%

11.1%

10.5%

5.1%

-0.9%

0.8%

12.9%

9.3%

9.5%

0.0%

Rig Technologies

9.3%

11.0%

16.2%

14.8%

10.1%

2.9%

6.2%

4.3%

3.0%

15.4%

12.0%

12.9%

6.1%

9.6%

Eliminations and corporate costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NOV consolidated

7.2%

9.1%

12.3%

12.6%

9.5%

5.6%

5.1%

1.3%

0.0%

7.3%

10.8%

10.4%

5.7%

3.9%

Completion & Production Solutions:

Ending Backlog

$

1,041

$

1,215

$

1,298

$

1,305

$

1,185

$

1,000

$

789

$

696

$

810

$1,003

$

894

$

1,305

$

696

$

1,003

Revenue out of backlog

316

379

431

499

416

388

394

328

267

276

1,697

1,625

1,526

543

Order Additions, net

470

548

535

502

335

196

169

215

338

462

1,564

2,055

915

800

Other Additions

-

-

-

-

-

-

-

-

57

-

-

-

-

57

FX Adjustment

(7)

5

(21)

4

(39)

7

14

20

(14)

7

(39)

(19)

2

(7)

Rig Technologies:

Ending Backlog

$

3,142

$

3,168

$

3,143

$

2,994

$

2,932

$

2,787

$

2,660

$

2,669

$2,591

$2,655

$

3,117

$

2,994

$

2,669

$

2,655

Adoption of Revenue Recognition standard

-

-

-

-

-

-

-

-

-

-

110

-

-

-

Revenue out of backlog

246

284

246

360

208

219

199

181

190

168

1,088

1,136

807

358

Order Additions, net

271

310

221

211

146

74

57

190

112

232

2,497

1,013

467

344

Deductions from backlog

-

-

-

-

-

-

-

-

-

-

282

-

-

-

FX Adjustment

-

-

-

-

-

-

15

-

-

-

(8)

-

15

-

2019

2020

2021

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2018

2019

2020

2021

Other items excluded from Adjusted EBITDA:

Wellbore Technologies

$

(2)

$

3,345

$

41

$

410

$

715

$

62

$

26

$

46

$

6

$

18

$

21

$

3,794

$

849

$

24

Completion & Production Solutions

11

1,939

79

13

1,054

12

23

43

(2)

(6)

-

2,042

1,132

(8)

Rig Technologies

2

474

194

114

238

20

12

132

3

8

6

784

402

11

Eliminations and corporate costs

-

11

-

-

16

8

1

15

2

(5)

(18)

11

40

(3)

Total

$

11

$

5,769

$

314

$

537

$

2,023

$

102

$

62

$

236

$

9

$

15

$

9

$

6,631

$

2,423

$

24

Proforma Selected Financial Data - Tear Sheet

FINAL

7/27/2021 4:30PM

Disclaimer

National Oilwell Varco Inc. published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 23:02:01 UTC.


ę Publicnow 2021
All news about NOV INC.
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08/30NOV : Coker & Palmer Upgrades NOV to Sector Perform From Sector Underperform
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08/24NOV : ATB Capital Upgrades NOV to Outperform From Sector Perform, Keeps $18.50 P..
MT
08/23NOV : Secures Contract to Design, Equip Two Offshore Wind Turbine Installation V..
MT
08/23NOV : Announces Contract to Design and Equip Two Offshore Wind Installation Vess..
BU
08/23NOV Inc. Announces Contract to Design and Equip Two Offshore Wind Installatio..
CI
08/17NOV : Announces Third Quarter 2021 Earnings Conference Call
BU
07/30NOV : to supply Cadeler A/S with replacement crane on Wind Osprey
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More news
Analyst Recommendations on NOV INC.
More recommendations
Financials (USD)
Sales 2021 5 592 M - -
Net income 2021 -162 M - -
Net Debt 2021 76,1 M - -
P/E ratio 2021 -27,3x
Yield 2021 0,23%
Capitalization 5 040 M 5 040 M -
EV / Sales 2021 0,91x
EV / Sales 2022 0,76x
Nbr of Employees 27 631
Free-Float 99,5%
Chart NOV INC.
Duration : Period :
NOV Inc. Technical Analysis Chart | NOV | US62955J1034 | MarketScreener
Technical analysis trends NOV INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 12,90 $
Average target price 17,61 $
Spread / Average Target 36,5%
EPS Revisions
Managers and Directors
Clay C. Williams Chairman, President & Chief Executive Officer
Jose A. Bayardo Chief Financial Officer & Senior Vice President
David Reid Chief Technology & Marketing Officer
Alex Philips Chief Information Officer
Bonnie Houston Chief Administration Officer
Sector and Competitors
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CNOOC ENERGY TECHNOLOGY & SERVICES LIMITED34.31%5 046
DIALOG GROUP BERHAD-33.04%3 354