GlobeNewsWire
27 Oct 2026, 21:45 UTC · 1h ago
NOV Reports Third Quarter 2026 Earnings
Impact · against what's priced in
NOV faces headwinds as a book-to-bill ratio of 91% suggests a shrinking backlog that threatens future revenue growth. The core earnings quality is lower than reported due to a $5 million tariff refund masking a wider sequential decline in Adjusted EBITDA.
- NOV−0.30
No priced-in read yet
- In context
A book-to-bill ratio of 91% indicates bookings are not keeping pace with revenue, while Adjusted EBITDA of $281 million was bolstered by a $5 million one-time tariff refund.
Read from the article alone
