NOV - Earnings announcements

Revenues of $2.05 billionNet income of $19 million, or $0.05 per shareAdjusted EBITDA* of $177 millionBookings of $520 million, representing a book-to-bill of 80%Returned $100 million of capital to shareholders through share repurchases and dividends *Free Cash Flow, Excess Free Cash Flow, Adjusted Operating Profit, and Adjusted EBITDA are non-GAAP measures, see "Non-GAAP Financial Measures," and "Reconciliation of GAAP to non-GAAP measures" below. HOUSTON, April 27, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE:NOV) today reported first quarter 2026 revenues of $2.05 billion, a decrease of two percent compared to the first quarter of 2025. Net income decreased $54 million, or $0.14 per dilu

HOUSTON, April 15, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE:NOV) announced today that operational disruptions resulting from the war in the Middle East will cause first quarter 2026 revenue and earnings to be below prior guidance. On a consolidated basis, the Company currently expects to report revenues of $2.05 billion, operating profit of $47 million, and Adjusted EBITDA* of $177 million. "The conflict in the Middle East created significant safety and logistical challenges during the first quarter, which adversely impacted revenue by an estimated $54 million and Adjusted EBITDA by approximately $32 million," stated Jose Bayardo, Chairman, President, and CEO. "These challenges disproporti

HOUSTON, March 16, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE:NOV) will hold a conference call to discuss its first quarter 2026 results on Tuesday, April 28, 2026, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Monday, April 27, 2026. The call will be webcast live on www.nov.com/investors.  About NOVNOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely and efficiently produce abundant energy while minimizing environmental impact. NOV powers the industry that powers the world. Visit www.nov.com for m

Fourth quarter revenues increased 5% sequentially to $2.28 billionFourth quarter net loss of $78 million, or $0.21 per shareFourth quarter Adjusted EBITDA* of $267 millionFourth quarter cash flow from operations of $573 million and free cash flow* of $472 million Full-year revenues of $8.74 billionFull-year net income of $145 million, or $0.39 per shareFull-year Adjusted EBITDA* of $1.03 billionFull-year cash flow from operations of $1.25 billion and free cash flow* of $876 millionFull-year bookings of $2.34 billion, with ending backlog of $4.34 billionReturned $505 million of capital to shareholders during the year *Free Cash Flow, Excess Free Cash Flow, Adjusted Operating Profit, and Adj

HOUSTON, Jan. 07, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE:NOV) will hold a conference call to discuss its fourth quarter and full year 2025 results on Thursday, February 5, 2026, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Wednesday, February 4, 2026. The call will be webcast live on www.nov.com/investors.  About NOVNOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely and efficiently produce abundant energy while minimizing environmental impact. NOV powers the industry that powers the world. V

Bookings of $951 million, representing a book-to-bill of 141%Revenues of $2.18 billionNet Income of $42 million, or $0.11 per shareAdjusted EBITDA* of $258 millionCash flow from operations of $352 million and free cash flow* of $245 millionReturned $108 million of capital to shareholders through share repurchases and dividends *Free Cash Flow, Excess Free Cash Flow and Adjusted EBITDA are non-GAAP measures, see "Non-GAAP Financial Measures," "Reconciliation of Cash Flows from Operating Activities to Free Cash Flow and Excess Free Cash Flow" and "Reconciliation of Net Income to Adjusted EBITDA" below. HOUSTON, Oct. 27, 2025 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE:NOV) today reported third quar

HOUSTON, Sept. 29, 2025 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) will hold a conference call to discuss its third quarter 2025 results on Tuesday, October 28, 2025, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Monday, October 27, 2025. The call will be webcast live on www.nov.com/investors. About NOVNOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely and efficiently produce abundant energy while minimizing environmental impact. NOV powers the industry that powers the world. Visit www.nov.com f

FOR IMMEDIATE RELEASE Revenues of $2.19 billion, up 4% sequentially and down 1% year-over-yearNet Income of $108 million, or $0.29 per shareAdjusted EBITDA* of $252 millionCash flow from operations of $191 million and free cash flow* of $108 millionReturned $176 million of capital to shareholders through share repurchases and dividends *Free Cash Flow, Excess Free Cash Flow and Adjusted EBITDA are non-GAAP measures, see "Non-GAAP Financial Measures," "Reconciliation of Cash Flows from Operating Activities to Free Cash Flow and Excess Free Cash Flow" and "Reconciliation of Net Income to Adjusted EBITDA" below. HOUSTON, July 28, 2025 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE:NOV) today rep

HOUSTON, June 27, 2025 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE:NOV) will hold a conference call to discuss its second quarter 2025 results on Tuesday, July 29, 2025, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Monday, July 28, 2025. The call will be webcast live on www.nov.com/investors.  About NOVNOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve

Net Income of $73 million, or $0.19 per share, down $46 million year-over-year Adjusted EBITDA* of $252 million, an increase of $11 million year-over-year Cash flow from operations of $135 million and free cash flow* of $51 million Returned $109 million of capital to shareholders through share repurchases and dividends *Free Cash Flow, Excess Free Cash Flow and Adjusted EBITDA are non-GAAP measures, see "Non-GAAP Financial Measures," "Reconciliation of Cash Flows from Operating Activities to Free Cash Flow and Excess Free Cash Flow" and "Reconciliation of Adjusted EBITDA to Net Income" below. NOV Inc. (NYSE:NOV) today reported first quarter 2025 revenues of $2.10 billion, a decrea

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its first quarter 2025 results on Tuesday, April 29, 2025, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Monday, April 28, 2025. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in efforts

Fourth quarter net income of $160 million, or $0.41 per diluted share Fourth quarter Adjusted EBITDA* of $302 million Fourth quarter cash flows from operations of $591 million and Free Cash Flow* of $473 million Fourth quarter capital equipment orders of $757 million, representing a book-to-bill of 121% Returned $141 million to shareholders during the fourth quarter Full-year net income of $635 million, or $1.60 per diluted share Full-year Adjusted EBITDA* of $1.11 billion Full-year cash flows from operations of $1.30 billion and Free Cash Flow* of $953 million Full-year capital equipment orders of $2.75 billion, representing a book-to-bill of 122% Returned $337

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its fourth quarter and full year 2024 results on Wednesday, February 5, 2025, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Tuesday, February 4, 2025. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operatio

Net Income of $130 million, or $0.33 per share, up $16 million, or $0.04 per share, year-over-year Adjusted EBITDA* of $286 million, an increase of $19 million year-over-year Cash flow from operations of $359 million and free cash flow* of $277 million Bookings of $627 million, representing a 111% book-to-bill Repurchased 4.6 million shares of common stock * Adjusted EBITDA and Free Cash Flow are non-GAAP measures, see "Non-GAAP Financial Measures," "Reconciliation of Cash Flows from Operating Activities to Free Cash Flow" and "Reconciliation of Adjusted EBITDA to Net Income" below. NOV Inc. (NYSE:NOV) today reported third quarter 2024 revenues of $2.19 billion, an increase of $

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its third quarter 2024 results on Friday, October 25, 2024, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Thursday, October 24, 2024. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in ef

Revenue of $2.22 billion, an increase of 6% year-over-year Net Income of $226 million, and $0.57 per share, up $71 million, or $0.18 per share, year-over-year Adjusted EBITDA* of $281 million, an increase of $36 million year-over-year Cash flow from operations of $432 million and free cash flow* of $350 million Bookings of $977 million, representing a 177% book-to-bill Repurchased 2.0 million shares of common stock for $37 million, at an average price of $18.50 per share * Adjusted EBITDA and Free Cash Flow are non-GAAP measures, see "Non-GAAP Financial Measures," "Reconciliation of Cash Flows from Operating Activities to Free Cash Flow" and "Reconciliation of Adjusted EB

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its second quarter 2024 results on Friday, July 26, 2024, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Thursday, July 25, 2024. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in effor

Revenue of $2.16 billion, an increase of 10% year-over-year Operating Profit of $162 million, an increase of $36 million year-over-year Net Income of $119 million, down $7 million year-over-year Fully diluted earnings per share of $0.30, down $0.02 year-over-year Adjusted EBITDA* of $241 million, an increase of $46 million year-over-year Expects to return at least 50% of Excess Free Cash Flow* annually through base dividends, repurchases, and supplemental dividends Board authorization to repurchase up to $1.00 billion of shares over three years Expects to increase base dividend by 50% beginning in June 2024 * Adjusted EBITDA, Free cash flow, and Excess Free Cash Flo

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its first quarter 2024 results on Friday, April 26, 2024, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Thursday, April 25, 2024. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in effort

Fourth quarter revenue of $2.34 billion, up 7% sequentially and up 13% year-over-year Operating Profit of $161 million, down $22 million sequentially and down $1 million year-over-year Net Income of $598 million, up $484 million sequentially and up $494 million year-over-year Fully diluted earnings per share of $1.51, up $1.22 sequentially and up $1.25 year-over-year Cash flow from operations of $377 million and free cash flow* of $301 million Adjusted EBITDA* of $294 million, up $27 million sequentially and up $63 million year-over-year * Free cash flow and Adjusted EBITDA are non-GAAP measures, see "Non-GAAP Financial Measures," "Reconciliation of Cash Flows from Operat

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its fourth quarter and full year 2023 results on Friday, February 2, 2024, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Thursday, February 1, 2024. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations

Revenue of $2.19 billion, up 4% sequentially and up 16% year-over-year Operating Profit of $183 million, up $2 million sequentially and up $128 million year-over-year Net Income of $114 million, down $41 million sequentially and up $82 million year-over-year Fully diluted earnings per share of $0.29, down $0.10 sequentially and up $0.21 year-over-year Adjusted EBITDA* of $267 million, up $22 million sequentially and up $72 million year-over-year *Adjusted EBITDA is a non-GAAP measure, see "Non-GAAP Financial Measures" and "Reconciliation of Adjusted EBITDA to Net Income" below. NOV Inc. (NYSE:NOV) today reported third quarter 2023 revenues of $2.19 billion, an increase of

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its third quarter 2023 results on Friday, October 27, 2023, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Thursday, October 26, 2023. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in

Revenue of $2.09 billion, up 7% sequentially and up 21% year-over-year Operating Profit of $181 million, up $55 million sequentially and up $113 million year-over-year Net Income of $155 million, up $29 million sequentially and up $86 million year-over-year Fully diluted earnings per share of $0.39, up $0.07 sequentially and up $0.21 year-over-year Adjusted EBITDA* of $245 million, up $50 million sequentially and up $95 million year-over-year *Adjusted EBITDA is a non-GAAP measure, see "Non-GAAP Financial Measures" and "Reconciliation of Adjusted EBITDA to Net Income" below. NOV Inc. (NYSE:NOV) today reported second quarter 2023 revenues of $2.09 billion, an increase of se

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its second quarter 2023 results on Thursday, July 27, 2023, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Wednesday, July 26, 2023. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in ef

Revenue of $1.96 billion, down 5% sequentially and up 27% year-over-year Operating Profit of $126 million, down $36 million sequentially and up $147 million year-over-year Net Income of $126 million, or $0.32 per fully diluted share Adjusted EBITDA* of $195 million, down $36 million sequentially and up $92 million year-over-year *Adjusted EBITDA is a non-GAAP measure, see "Non-GAAP Financial Measures" and "Reconciliation of Adjusted EBITDA to Net Income (Loss)" below. NOV Inc. (NYSE:NOV) today reported first quarter 2023 revenues of $1.96 billion, a decrease of 5 percent compared to the fourth quarter of 2022 and an increase of 27 percent compared to the first quarter of 2022

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its first quarter 2023 results on Thursday, April 27, 2023, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Wednesday, April 26, 2023. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in eff

Revenue of $2.07 billion, up 10% sequentially and 37% year-over-year Operating Profit of $162 million, up $107 million sequentially and $177 million year-over-year Net Income of $104 million, or $0.26 per fully diluted share Adjusted EBITDA* of $231 million, up $36 million sequentially and $162 million year-over-year *Adjusted EBITDA is a non-GAAP measure, see "Non-GAAP Financial Measures" and "Reconciliation of Adjusted EBITDA to Net Income (Loss)" below. NOV Inc. (NYSE:NOV) today reported fourth quarter 2022 revenues of $2.07 billion, an increase of 10 percent compared to the third quarter of 2022 and an increase of 37 percent compared to the fourth quarter of 2021. Net income f

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its fourth quarter and full year 2022 results on Tuesday, February 7, 2023, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Monday, February 6, 2023. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations an

Revenue of $1.89 billion, up 9% sequentially and 41% year-over-year Operating Profit of $55 million, down $13 million sequentially and up $98 million year-over-year Net Income of $32 million, or $0.08 per fully diluted share Adjusted EBITDA* of $195 million, up $45 million sequentially and $139 million year-over-year *Adjusted EBITDA is a non-GAAP measure, see "Non-GAAP Financial Measures" and "Reconciliation of Adjusted EBITDA to Net Income (Loss)" below. NOV Inc. (NYSE:NOV) today reported third quarter 2022 revenues of $1.89 billion, an increase of 9 percent compared to the second quarter of 2022 and an increase of 41 percent compared to the third quarter of 2021. Net income for

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its third quarter 2022 results on Friday, October 28, 2022, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Thursday, October 27, 2022. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in ef

Revenue of $1.73 billion, up 12% sequentially and 22% year-over-year Net Income of $69 million, or $0.18 per fully diluted share Operating profit of $68 million, up $89 million sequentially and $56 million year-over-year Adjusted EBITDA* of $150 million, up $47 million sequentially and $46 million year-over-year Orders of $670 million with a book-to-bill of 117% *Adjusted EBITDA is a non-GAAP measure, see "Non-GAAP Financial Measures" and "Reconciliation of Adjusted EBITDA to Net Income (Loss)" below. NOV Inc. (NYSE:NOV) today reported second quarter 2022 revenues of $1.73 billion, an increase of 12 percent compared to the first quarter of 2022 and an increase of 22 percent comp

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its second quarter 2022 results on Thursday, July 28, 2022, at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Wednesday, July 27, 2022. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in effo

NOV Inc. (NYSE:NOV) today reported first quarter 2022 revenues of $1.55 billion, an increase of 2 percent compared to the fourth quarter of 2021 and an increase of 24 percent compared to the first quarter of 2021. Net loss for the first quarter of 2022 was $50 million, or 3.2 percent of sales, which included $45 million of Other Items (see Corporate Information for additional details). Adjusted EBITDA (operating profit excluding depreciation, amortization, gain and loss on sales of fixed assets, and, when applicable, Other Items) increased sequentially to $103 million, or 6.7 percent of sales. See reconciliation of Adjusted EBITDA to Net Income (Loss). "NOV's financial results continued to

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its first quarter 2022 results on Friday, April 29, 2022 at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Thursday, April 28, 2022. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in efforts

NOV Inc. (NYSE:NOV) today reported fourth quarter 2021 revenues of $1.52 billion, an increase of 13 percent compared to the third quarter of 2021 and an increase of 14 percent compared to the fourth quarter of 2020. Net loss for the fourth quarter of 2021 was $40 million, or 2.6 percent of sales, which included $11 million in pre-tax charges related to continued COVID-19 challenges on projects in Asian shipyards and $9 million of Other Items (see Corporate Information for additional details). Adjusted EBITDA (operating profit excluding depreciation, amortization, and Other Items) increased sequentially to $69 million, or 4.5 percent of sales. See reconciliation of Adjusted EBITDA to Net Inc

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its fourth quarter 2021 results on Friday, February 4, 2022 at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Thursday, February 3, 2022. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in ef

NOV Inc. (NYSE:NOV) today reported third quarter 2021 revenues of $1.34 billion, a decrease of 5 percent compared to the second quarter of 2021 and a decrease of 3 percent compared to the third quarter of 2020. Net loss for the third quarter of 2021 was $69 million, or 5.1 percent of sales, which included $12 million in pre-tax charges related to COVID-19 operational disruptions on a project in a Southeast Asian shipyard and $24 million in Other Items (see Corporate Information for additional details). Adjusted EBITDA (operating profit excluding depreciation, amortization, and Other Items) decreased sequentially to $56 million, or 4.2 percent of sales. "Rising oil and gas prices continue t

NOV Inc. (NYSE:NOV) will hold a conference call to discuss its third quarter 2021 results on Wednesday, October 27, 2021 at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Tuesday, October 26, 2021. The call will be webcast live on www.nov.com/investors. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in e

NOV Inc. (NYSE:NOV) today reported second quarter 2021 revenues of $1.42 billion, an increase of 13 percent compared to the first quarter of 2021 and a decrease of five percent compared to the second quarter of 2020. Net loss for the second quarter of 2021 was $26 million, or 1.8 percent of sales, which included pre-tax net charges ("Other Items", see Other Corporate Items for additional detail) of $15 million. Adjusted EBITDA (operating profit excluding depreciation, amortization, and Other Items) increased sequentially to $104 million, or 7.3 percent of sales. "Rising demand in oilfield and offshore wind markets led to stronger orders for NOV during the second quarter," stated Clay Willi