NOV reports Q4 EPS 41c, consensus 36c

Reports Q4 revenue $2.31B, consensus $2.25B. “NOV‘s Q4 rounded out a solid year during which we grew backlog and revenue, improved profitability, and generated substantial amounts of cash flow,” stated Clay Williams, Chairman, President and CEO. “Full-year revenues improved three percent with 38%, Adjusted EBITDA flow through, and fully-diluted earnings were $1.60 per share. Our longer-cycle capital equipment businesses increased backlog by seven percent, driven by strong offshore production related demand, while market share gains from new, higher margin technologies and services continue to drive growth and improve profitability.”