Free Research Report as National Oilwell Varco’s Quarterly Revenue Jumped 16%; Net Loss Narrowed

Stock Monitor: TechnipFMC Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 27, 2018 / Active-Investors.com has just released a free earnings report on National Oilwell Varco, Inc. (NYSE: NOV). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NOV. National Oilwell Varco reported its fourth quarter fiscal 2017 operating and financial results on February 05, 2018. The oil and gas industry supplier topped revenue estimates while earnings were in-line with market expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for TechnipFMC PLC (NYSE: FTI), 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=FTI

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 our team decided to put out a fantastic report on the company that is now available for free below:

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

Earnings Highlights and Summary

National Oilwell Varco’s revenues for the fourth quarter 2017 were $1.97 billion, reflecting an increase 16% compared to revenue of $1.69 billion in Q4 2016. The Company’s revenue numbers topped analysts’ estimates of $1.94 billion.

During Q4 2017, National Oilwell Varco’s operating loss was $111 million compared to $766 million in Q4 2016. The Company’s adjusted EBITDA was $197 million for the reported quarter versus $102 million in the year earlier same quarter.

For Q4 2017, National Oilwell Varco’s net loss was $14 million, or $0.04 per diluted share, compared to net loss of $714 million, or $1.90 per diluted share, in Q4 2016. The Company’s reported numbers were in-line with market expectations for a loss of $0.04 per share.

National Oilwell Varco’s revenues for the full year 2017 were $7.30 billion compared to $7.25 billion in FY16. The Company’s net loss was $237 million, or $0.63 per share, for FY17.

Segment Results

During Q4 2017, National Oilwell Varco’s Wellbore Technologies generated revenues of $715 million, up 35% from revenues of $531 million in Q4 2016. The segment’s operating loss was $21 million in the reported quarter versus $439 million in the year earlier comparable quarter. Wellbore Technologies’ adjusted EBITDA was $107 million in Q4 2017 compared to $20 million in Q4 2016.

For Q4 2017, National Oilwell Varco’s Completion & Production Solutions revenues advanced 15% to $690 million on a y-o-y basis compared to $602 million in Q4 2016, driven by revenues from growing deliveries of pressure pumping equipment and composite pipe. The segment’s reported quarter operating profit was $19 million versus operating loss of $134 million in the year earlier corresponding quarter. During Q4 2017, Completion & Production Solutions’ adjusted EBITDA was $74 million compared to $69 million in Q4 2016.

Backlog for capital equipment orders for Completion & Production Solutions at December 31, 2017, was $1.07 billion. The segment’s new orders were $501 million during the reported quarter, representing a book-to-bill of 125%. The majority of the segment’s business units secured orders in excess of 100% book-to-bill.

During Q4 2017, National Oilwell Varco’s Rig Technologies generated revenues of $614 million compared to $613 million in Q4 2016. The segment’s revenues improved from shipments to customers that deferred deliveries from the previous quarter, increased order intake, and a seasonal improvement in service and repair work. The segment recorded operating loss of $51 million in the reported quarter versus $121 million in the prior year’s same quarter. Rig Technologies’ adjusted EBITDA was $70 million in Q4 2017 compared to $71 million in Q4 2016. Higher volumes drove the improvement in adjusted EBITDA.

Backlog for capital equipment orders for Rig Systems at December 31, 2017, was $1.89 billion. The segment’s new orders during the reported quarter were $169 million.

Cash Matters

As of December 31, 2017, National Oilwell Varco had $1.44 billion in cash and cash equivalents and total debt of $2.71 billion, while the Company had $3.0 billion available on its revolving credit facility as of December 31, 2017. As of December 31, 2017, National Oilwell Varco had a debt-to-capitalization ratio of 16.1%. The Company’s cash flow from operations was $321 million for Q4 2017. For FY17, National Oilwell Varco’s cash flow from operations was $832 million.

Stock Performance Snapshot

February 26, 2018 – At Monday’s closing bell, National Oilwell Varco’s stock marginally climbed 0.30%, ending the trading session at $36.18.

Volume traded for the day: 2.29 million shares.

Stock performance in the last three-month – up 13.27%; previous six-month period – up 20.28%; past and year-to-date – up 0.44%

After yesterday’s close, National Oilwell Varco’s market cap was at $13.38 billion.

The stock has a dividend yield of 0.55%.

The stock is part of the Basic Materials sector, categorized under the Oil & Gas Equipment & Services industry. This sector was up 0.7% at the end of the session.

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® charterholder (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: 490822