Nov Inc

NYSE:NOVUnited States

04:20 AM EDT, 07/26/2024 (MT Newswires) -- NOV (NOV) reported Q2 earnings late Thursday of $0.57 per diluted share, up from $0.39 a year earlier. Analysts polled by Capital IQ expected $0.35. Revenue for the quarter ended June 30 was $2.22 billion, ...

Eliminations and corporate costs -- -- -- -- -- ---- ---- ---- ---- ---- Total operating profit % 14.1% 8.6% 7.5% 10.9% 7.6% ==== ==== ==== ==== ==== Other items, net: Energy Products and Services $ 1 $ (1) $ -- $ 1 $ (1) Energy Equipment (119) (7) (4) (123) (11) Corporate -- 1 1 1 1 ---- ---- ---- ---- ---- Total other items $(118) $ (7) $ (3) $(121) $ (11) ==== ==== ==== ==== ==== (Gain)/loss on sales of fixed assets: Energy Products and Services $ -- $ -- $ (1) $ (1) $ (3) Energy Equipment -- (1) -- -- (3) Corporate -- 1 -- -- 2 ---- ---- ---- ---- ---- Total (gain)/loss on sales of fixed assets $ -- $ -- $ (1) $ (1) $ (4) ==== ==== ==== ==== ==== Depreciation & amortization: Energy Products and Services $ 55 $ 43 $ 54 $ 109 $ 88 Energy Equipment 29 26 28 57 55 Corporate 2 2 1 3 5 ---- ---- ---- ---- ---- Total depreciation & amortization $ 86 $ 71 $ 83 $ 169 $ 148 ==== ==== ==== ==== ==== Adjusted EBITDA: Energy Products and Services $ 184 $ 198 $ 174 $ 358 $ 352 Energy Equipment 142 99 119 261 193 Eliminations and corporate costs (45) (52) (52) (97) (105) ---- ---- ---- ---- ---- Total Adjusted EBITDA $ 281 $ 245 $ 241 $ 522 $ 440 ==== ==== ==== ==== ==== Adjusted EBITDA %: Energy Products and Services 17.5% 19.2% 17.1% 17.3% 17.9% Energy Equipment 11.8% 8.9% 10.1% 11.0% 8.9% Corporate -- -- -- -- -- ---- ---- ---- ---- ---- Total Adjusted EBITDA % 12.7% 11.7% 11.2% 11.9% 10.9% ==== ==== ==== ==== ==== Reconciliation of Adjusted EBITDA: GAAP net income attributable to Company $ 226 $ 155 $ 119 $ 345 $ 281 Noncontrolling interests (3) 2 2 (1) 1 Provision for income taxes 70 19 44 114 39 Interest expense 22 21 24 46 42 Interest income (8) (8) (8) (16) (16) Equity income in unconsolidated affiliates (8) (37) (29) (37) (85) Other expense, net 14 29 10 24 45 (Gain)/loss on sales of fixed assets -- -- (1) (1) (4) Depreciation and amortization 86 71 83 169 148 Other items, net (118) (7) (3) (121) (11) ---- ---- ---- ---- ---- Total Adjusted EBITDA $ 281 $ 245 $ 241 $ 522 $ 440 ==== ==== ==== ==== ====