Nov Expects 1Q Earnings Below Guidance Due to Middle East Disruptions

Dow Jones04-15

By Nicholas G. Miller

Nov expects to report first-quarter earnings and revenue below its prior guidance due to operational disruptions resulting from the war in the Middle East.

The company anticipates reporting revenue of $2.05 billion and adjusted earnings before interest, taxes, depreciation and amortization of $177 million.

The company, which supplies technology and equipment to the global energy industry, had previously guided for first-quarter adjusted EBITDA of $200 million to $225 million.

"The conflict in the Middle East created significant safety and logistical challenges during the first quarter, which adversely impacted revenue by an estimated $54 million and Adjusted Ebitda by approximately $32 million," said Chief Executive Jose Bayardo.

"These challenges disproportionately affected quarter-end deliveries of capital equipment and products, including spare parts, in the region, while our more service-oriented offerings were less affected. Higher shipping and freight costs and reduced absorption in our manufacturing facilities further amplified decremental margins," Bayardo said.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

April 15, 2026 08:23 ET (12:23 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Higher shipping and freight costs and reduced absorption in our manufacturing facilities further amplified decremental margins,\" Bayardo said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 15, 2026 08:23 ET (12:23 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NOV","symbol_name":"华高","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2627284572","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2627284572","pubTimestamp":1776255780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Nov expects to report first-quarter earnings and revenue below its prior guidance due to operational disruptions resulting from the war in the Middle East.The company anticipates reporting revenue of $2.05 billion and adjusted earnings before interest, taxes, depreciation and amortization of $177 million.The company, which supplies technology and equipment to the global energy industry, had previously guided for first-quarter adjusted EBITDA of $200 million to $225 million.\"The conflict in the Middle East created significant safety and logistical challenges during the first quarter, which adversely impacted revenue by an estimated $54 million and Adjusted Ebitda by approximately $32 million,\" said Chief Executive Jose Bayardo.\"These challenges disproportionately affected quarter-end deliveries of capital equipment and products, including spare parts, in the region, while our more service-oriented offerings were less affected. Higher shipping and freight costs and reduced absorption in ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NOV":"华高","BK4179":"石油天然气设备与服务","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC"},"translate_title":"Nov预计由于中东局势中断，第一季度盈利将低于预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NOV":0.9},"content_text":"By Nicholas G. Miller \n\n\n \n\n\n  Nov expects to report first-quarter earnings and revenue below its prior guidance due to operational disruptions resulting from the war in the Middle East. \n\n\n  The company anticipates reporting revenue of $2.05 billion and adjusted earnings before interest, taxes, depreciation and amortization of $177 million. \n\n\n  The company, which supplies technology and equipment to the global energy industry, had previously guided for first-quarter adjusted EBITDA of $200 million to $225 million. \n\n\n  \"The conflict in the Middle East created significant safety and logistical challenges during the first quarter, which adversely impacted revenue by an estimated $54 million and Adjusted Ebitda by approximately $32 million,\" said Chief Executive Jose Bayardo. \n\n\n  \"These challenges disproportionately affected quarter-end deliveries of capital equipment and products, including spare parts, in the region, while our more service-oriented offerings were less affected. Higher shipping and freight costs and reduced absorption in our manufacturing facilities further amplified decremental margins,\" Bayardo said. \n\n\n \n\n\n  Write to Nicholas G. 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