NOV
NOV Inc.15.32
-0.92-5.67%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Robotics pilots advance; M&A eyes offense
Q&A reinforced prepared offshore optimism, detailing limited but sizable stacked rig reactivations and aftermarket rebound as tenders lengthen. Management disclosed ATOM RTX robotics progress—27-30 arms sold on six rigs—with pilots yielding upgrades and customer excitement. Tariffs see partial pass-through amid tungsten shocks, with cost-outs aiding internal KPIs yet not fully visible on P&L. M&A appetite sharpens into 'offense' mode, disciplined versus buybacks. Robotics scales slowly. Investors eye offshore momentum, automation traction.
Key Stats
Market Cap
5.69BP/E (TTM)
15.47Basic EPS (TTM)
0.99Dividend Yield
0.02%Recent Filings
8-K
NOV adds Chowbey to board
NOV Inc. appointed Sanjay K. Chowbey, President and CEO of Kennametal Inc., to its Board of Directors on March 17, 2026, assigning him to the Audit Committee. Chowbey brings over 20 years leading global manufacturing and industrial tech firms, including prior roles at Flowserve and Danaher. His expertise targets operational excellence. Board now has nine members, eight independent.
8-K
Director Guill resigns
10-K
FY2025 results
NOV's FY2025 revenue dipped 1% to $8.74B despite a 7% global rig count drop, buoyed by offshore equipment demand, while net income fell to $145M from prior-year gains and tax hits. Q4 revenue held at $2.28B (-1% y/y), with Energy Products down 7% on softer activity yet Energy Equipment up 4% via backlog execution—new orders slowed to $532M for a 73% book-to-bill, trimming backlog to $4.34B. Margins squeezed across segments from tariffs and mix; cash flow powered $190M dividends and $315M buybacks. Backlog signals steady 2026 revenue. Oil price volatility threatens demand.
8-K
Q4 revenues $2.28B, strong FCF
NOV reported Q4 2025 revenues of $2.28B, down 1% year-over-year yet up 5% sequentially, with Adjusted EBITDA at $267M amid a Q4 net loss of $78M from tax charges and impairments. Full-year free cash flow hit $876M, fueling $505M returned to shareholders; backlog stands at $4.34B. Q1 2026 sees revenues down 1-3%, EBITDA $200M-$225M. Cash flow crushed expectations.
8-K
NOV names Bayardo as new CEO
NOV Inc. announced CEO Clay Williams will retire from the Board on January 1, 2026, and fully exit February 28, with President and COO Jose Bayardo succeeding as Chairman, President, and CEO. Bayardo's base salary rises to $950,000, target bonus to 125% of salary. Succession ensures continuity. No disputes prompted Williams's exit.
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