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

From the Filing

0000950170-24-009934.txt : 20240202 0000950170-24-009934.hdr.sgml : 20240202 20240201184906 ACCESSION NUMBER: 0000950170-24-009934 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240201 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240202 DATE AS OF CHANGE: 20240201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NOV Inc. CENTRAL INDEX KEY: 0001021860 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] ORGANIZATION NAME: 06 Technology IRS NUMBER: 760475815 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12317 FILM NUMBER: 24588333 BUSINESS ADDRESS: STREET 1: 10353 RICHMOND AVE. CITY: HOUSTON STATE: TX ZIP: 77042 BUSINESS PHONE: 346-223-3000 MAIL ADDRESS: STREET 1: 10353 RICHMOND AVE. CITY: HOUSTON STATE: TX ZIP: 77042 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL OILWELL VARCO INC DATE OF NAME CHANGE: 20050311 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL OILWELL INC DATE OF NAME CHANGE: 19960829 8-K 1 nov-20240202.htm 8-K 8-K false 0001021860 0001021860 2024-02-02 2024-02-02   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): February 1, 2024   NOV INC. (Exact Name of Registrant as Specified in Charter)     Delaware 1-12317 76-0475815 (State or Other Jurisdiction of Incorporation) (Commission File Number)   (I.R.S. Employer Identification No.)     10353 Richmond Ave. Houston , Texas 77042 (Address of Principal Executive Offices) (Zip Code) Registrant’s Telephone Number, Including Area Code 346 - 223-3000 (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): ☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:           Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share NOV New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 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 s