NOV Inc. Files 8-K on Financial Condition, Operations Update

TL;DR

**NOV Inc. just dropped an 8-K hinting at financial results, watch for potential stock movement.**

AI Summary

NOV Inc. filed an 8-K on February 2, 2024, reporting an event that occurred on February 1, 2024, related to its 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure'. This filing indicates that the company is likely providing an update on its financial performance, potentially ahead of a full earnings report. For investors, this matters because it could signal new information about the company's profitability or operational health, which could impact the stock price of NOV Inc. (trading symbol NOV) on the New York Stock Exchange.

Why It Matters

This filing signals that NOV Inc. is disclosing new information about its financial performance, which could influence investor perception and the stock's valuation.

Risk Assessment

Risk Level: medium — The filing itself is administrative, but the underlying 'Results of Operations and Financial Condition' disclosure could contain positive or negative news, creating market uncertainty.

Analyst Insight

Investors should monitor NOV Inc.'s news releases closely for the specific details of the 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure' mentioned in this 8-K, as these will provide the actual financial performance data.

Key Numbers

• $0.01 — par value per share (This is the stated par value of NOV Inc.'s Common Stock.)
• 1-12317 — Commission File Number (This is the SEC file number for NOV Inc.)
• 76-0475815 — I.R.S. Employer Identification No. (This is the IRS EIN for NOV Inc.)

Key Players & Entities

• NOV Inc. (company) — the registrant filing the 8-K
• February 1, 2024 (date) — date of the earliest event reported
• February 2, 2024 (date) — date the 8-K was filed
• New York Stock Exchange (company) — exchange where NOV Inc. Common Stock is registered
• Delaware (company) — state of incorporation for NOV Inc.
• 10353 Richmond Ave. Houston, Texas 77042 (company) — principal executive offices address for NOV Inc.
• 346-223-3000 (dollar_amount) — registrant's telephone number
• $0.01 (dollar_amount) — par value per share of Common Stock

Forward-Looking Statements

• NOV Inc. will release its full Q4 2023 earnings report shortly after this 8-K. (NOV Inc.) — high confidence, target: 2024-02-15
• The 'Regulation FD Disclosure' suggests a pre-announcement or guidance update. (NOV Inc.) — medium confidence, target: 2024-02-05

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share NOV New York Stock Exchan

Filing Documents

• nov-20240202.htm (8-K) — 51KB
• nov-ex99_1.htm (EX-99.1) — 677KB
• nov-ex99_2.htm (EX-99.2) — 1213KB
• img244011888_0.jpg (GRAPHIC) — 6KB
• img244935409_0.jpg (GRAPHIC) — 343KB
• 0000950170-24-009934.txt ( ) — 2600KB
• nov-20240202.xsd (EX-101.SCH) — 44KB
• nov-20240202_htm.xml (XML) — 4KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On February 1, 2024, NOV Inc. issued a press release announcing earnings for the quarter and year ended December 31, 2023 and conference call in connection therewith. A copy of the release is furnished herewith as Exhibit 99.1 and incorporated herein by reference. The information contained in Item 2.02 of this Current Report, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On February 1, 2024, NOV Inc. posted certain supplemental segmented financial information (the "Supplemental Financial Data") to the Investors section of its website. The Supplemental Financial Data presents certain actual selected financial data for the periods indicated, as well as certain unaudited pro forma financial data for the same periods which has been adjusted to show the pro forma results if presented in accordance with NOV Inc.'s previously announced re-segmentation. Pursuant to the re-segmentation, effective January 1, 2024, NOV Inc. will be consolidating its reporting structure into two segments: Energy Equipment and Energy Products and Services. The unaudited pro forma financial data contained in the Supplemental Financial Data is presented for illustrative purposes only. The unaudited pro forma financial data is based upon available information and certain assumptions that management believes are reasonable under the circumstances. A copy of the Supplemental Financial Data is furnished herewith as Exhibit 99.2 and incorporated herein by reference. The information contained in Item 7.01 of this Current Report, including Exhibit 99.2, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits The following exhibit is provided as part of the information furnished under Item 2.02 of this Current Report on Form 8-K: 99.1 NOV Inc. press release dated February 1, 2024 announcing the earnings results for the quarter and year ended December 31, 2023. 99.2 NOV Inc. Supplemental Financial Data for the quarter and year ended December 31, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 1, 2024 NOV INC. /s/ Brigitte M. Hunt Brigitte M. Hunt Vice President

View Full Filing

View this 8-K filing on SEC EDGAR