NOV Inc. reports Q1 EPS 19c, consensus 25c

Reports Q1 revenue $2.1B, consensus $2.1B. “NOV posted solid results in Q1 of 2025, delivering higher cash flow and adjusted EBITDA compared to the prior year,” said CEO Clay Williams. “We executed well on our large backlog of offshore production technologies, and we continued to drive accelerating adoption of our new, differentiated technologies. These, together with NOV’s continued improvements to operational efficiencies, enabled the company to overcome lower year-over-year revenues and increase Adjusted EBITDA margins compared to Q1 2024. Good progress on profitability and improved working capital efficiency strengthened NOV’s cash flow year-over-year, enabling the company to return $109M to shareholders through opportunistic share buybacks and dividends during Q1 2025…Looking ahead, we expect macroeconomic and geopolitical uncertainties to persist causing incrementally lower activity in the second half of the year. Nevertheless, NOV’s leading market positions, technology, global footprint, and customer-focus will enable us to navigate these challenges and post modest sequential revenue improvement in Q2.”