NOV Inc

NYSE:NOV   11:35:05 AM EDT
15.16
+0.23 (+1.54%)
Other Pre-Announcement

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

Published: 03/16/2021 10:47 GMT
NOV Inc (NOV) - 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 (analyst estimates).