| Abstrakt: |
NOV Inc. (NYSE: NOV) today reported first quarter 2024 revenues of $2.16 billion, an increase of 10 percent compared to the first quarter of 2023. Net income was $119 million, or 5.5 percent of sales, a decrease of $7 million compared to the first quarter of 2023 primarily due to a higher tax rate and lower income from unconsolidated entities. Operating profit was $162 million, or 7.5 percent of sales. The Company recorded a net pre-tax credit of $3 million within Other Items (see Corporate Information for additional details). Adjusted EBITDA increased 24 percent year-over-year to $241 million, or 11.2 percent of sales. [ABSTRACT FROM PUBLISHER] |
