Free Research Report as National Oilwell’s Revenue Grew 11% and Net Loss Narrowed

Stock Monitor: SAExploration Post Earnings Reporting

LONDON, UK / ACCESSWIRE / November 30, 2017 / Active-Investors free earnings report on National Oilwell Varco, Inc. (NYSE: NOV) (“National Oilwell”) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=NOV. The Company posted its financial results on October 26, 2017, for the third quarter of the fiscal year 2017. The leading manufacturer of equipment and components’ exceeded earnings expectations. Register today and get free access to our complimentary member’s area where many more reports are available:

www.active-investors.com/registration-sg

Active-Investors.comis currently working on the research report for SAExploration Holdings, Inc. (NASDAQ: SAEX), which also belongs to the Basic Materials sector as the Company National Oilwell Varco. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=SAEX

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, National Oilwell Varco most recent news is on our radar and we have decided to include it on our blog post. Today’s free coverage is available at:

www.active-investors.com/registration-sg/?symbol=NOV

Earnings Highlights and Summary

During Q3 FY17, National Oilwell reported revenues of $1.84 billion compared to $1.65 billion in Q3 FY16, missing analysts’ expectations of $1.87 billion. The gross profit surged 260.76% to $285.00 million in the reported quarter compared to $79.00 million in Q3 FY16.

National Oilwell posted an operating loss of $7.00 million in the reported quarter compared to an operating loss of $1.19 billion in Q3 FY16. The Company’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to $167.00 million in the reported quarter, increasing by $25.00 million on a q-o-q basis.

National Oilwell posted a loss on diluted earnings per share (EPS) of $0.07 in the reported quarter compared to $3.62 in Q3 FY16. Meanwhile, the diluted EPS was better than Wall Street’s expectations for a loss of $0.08.

Segment Details

National Oilwell has five business segments, namely: (i) Rig Systems, (ii) Rig Aftermarket, (iii) Wellbore Technologies, (iv) Completion and Production Solutions, and (v) Eliminations.

The Rig Systems segment’s revenue amounted to $330.00 million for reported quarter compared to $470.00 million in Q3 FY16, resulting in a decline of 29.79% on a y-o-y basis. The segment’s operating profit was $11 million, or 3.3% of sales. Rig systems segment’s adjusted EBITDA was $28 million, or 8.5%, reflecting a drop of 44% on a y-o-y basis.

The Rig Aftermarket segment posted revenues of $311.00 million in the reported quarter compared to $322.00 million in Q3 FY16, resulting in a decline of 3.42% on a y-o-y basis. The segment’s adjusted EBITDA was $69 million, or 22.2% of sales; a decrease of 15% from the prior year’s same quarter.

The Wellbore Technologies segment posted revenues of $693.00 million in the reported quarter compared to $526.00 million in Q3 FY16, resulting in a 31.75% increase on a y-o-y basis. The segment’s adjusted EBITDA was $94 million, or 13.6% of sales, reflecting an increase of $68 million from the prior year’s comparable period.

The Completion and Production Solutions segment’s revenues amounted to $682.00 million in the reported quarter compared to $543.00 million in Q3 FY16, resulting in a 25.60% increase on a y-o-y basis.

The Eliminations segment posted a loss of $181.00 million in the reported quarter compared to a loss of $215.00 million in Q3 FY16.

Balance Sheet

The Company posted cash and cash equivalents of $1.72 billion in Q3 FY17 compared to $1.41 billion in Q4 FY16. The receivables amounted to $2.06 billion in Q3 FY17 compared to $2.08 billion in Q4 FY16.

The long-term debt amounted to $2.707 billion in the reported quarter compared to $2.708 billion in Q4 FY16.

Cash Matters

National Oilwell posted a net loss of $221.00 million for the nine months period ending September 30, 2017, compared to $1.70 billion for the same period in the fiscal year 2016. The net cash provided by operating activities amounted to $511.00 million for the nine months period ending September 30, 2017, compared to $807.00 million for the same period in the fiscal year 2016.

The Company announced a cash dividend of $0.05 per share of common stock to be paid on December 22, 2017.

Outlook

The Company expects EPS to be in the range of $1.77 and $2.27 in the fiscal years 2017 and 2018.

Stock Performance Snapshot

November 29, 2017 – At Wednesday’s closing bell, National Oilwell Varco’s stock advanced 1.49%, ending the trading session at $32.61.

Volume traded for the day: 2.66 million shares.

Stock performance in the previous three-month period – up 7.09%

After yesterday’s close, National Oilwell Varco’s market cap was at $12.43 billion.

The stock has a dividend yield of 0.61%.

The stock is part of the Basic Materials sector, categorized under the Oil & Gas Equipment & Services industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’ re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 483272