NOV Inc. Q3 2025 Earnings and Board Appointment

NOV Inc. reported its third quarter 2025 results, announcing revenues of $2.18 billion, a decrease of 1% compared to the previous year. Net income was $42 million, or $0.11 per share, a significant decline from the prior year. Adjusted EBITDA was $258 million, down 10% year-over-year. The company also announced the appointment of Jose A. Bayardo to its Board of Directors as part of its long-term succession plan. Bayardo, who has been with the company since 2015, currently serves as President and Chief Operating Officer. The company highlighted strong bookings of $951 million, representing a book-to-bill ratio of 141%, and robust free cash flow of $245 million. Despite challenging market conditions, NOV remains focused on improving operational efficiency and leveraging its global platform to drive long-term shareholder value.