Thread regarding National Oilwell Varco Inc. layoffs

2022 a sad story

Revenues for the full year 2022 were $7.24 billion, an increase of $1.71 billion, or 31%, compared to full year 2021. Net income for the full year 2022 was $155 million, or 2.1 percent of sales, which included $114 million of pre-tax Other Items. Operating profit for full year 2022 was $264 million, or 3.6 percent of sales. Adjusted EBITDA for the full year was $679 million, or 9.4 percent of sales.

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| 2631 views | | 6 replies (last February 8, 2023) | Reply
Post ID: @OP+1l3HR5yF

6 replies (most recent on top)

Does this mean I get a Segway?

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Post ID: @2ysq+1l3HR5yF

Long as I get my bonus who gives a flying $hit. The Chief Elfecutive has been losing for 8 years or so, give him a break. Now who wants Taco Bell for lunch....my treat!!

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Post ID: @1rwh+1l3HR5yF

Wow I can see why NOV is in such a bad state if you guys think an OP of 3.6% is a good result never mind a net income of 2.1% on $7.4 Billion
LOL

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Post ID: @1ztf+1l3HR5yF

My ICP said that’s Fake News!!

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Post ID: @1bdl+1l3HR5yF

A sad story? Maybe for CAPS. The other segments did pretty well.

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Post ID: @1lgz+1l3HR5yF

https://investors.nov.com/static-files/5d3e524c-9888-4150-b5cd-0bb25fbb4076

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Post ID: @tqq+1l3HR5yF

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