NOV Q3 net income rises 14% to $130 million; Q4 revenue guided down 3% to 5%
NOV reported third-quarter 2024 revenue of $2.19 billion, roughly flat year over year, and net income of $130 million, or $0.33 per share, up $16 million from a year earlier. For the fourth quarter, management expects consolidated revenue to fall 3% to 5% year over year, with Adjusted EBITDA of $280 million to $300 million, and full-year Adjusted EBITDA near the lower end of its prior $1.10 billion to $1.18 billion range.
Key points
- Q3 2024 revenue was $2.19 billion, up $6 million from Q3 2023; Adjusted EBITDA rose 7% to $286 million.
- Q3 net income was $130 million, or $0.33 per share, up $16 million, or $0.04 per share, year over year.
- Q4 2024 guidance: consolidated revenue down 3% to 5% year over year and Adjusted EBITDA of $280 million to $300 million.
- Q3 free cash flow was $277 million; NOV repurchased 4.6 million shares for $80 million and returned $109 million to shareholders in total.
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 25, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.