Nov reports fourth quarter and full year 2022 results

Houston--( business wire )--nov inc. (nyse: nov) today reported fourth quarter 2022 revenues of $2.07 billion, an increase of 10 percent compared to the third quarter of 2022 and an increase of 37 percent compared to the fourth quarter of 2021. net income for the fourth quarter of 2022 was $104 million, or 5.0 percent of sales. operating profit was $162 million, or 7.8 percent of sales. under other items the company recorded a net pre-tax credit of $8 million (see corporate information for additional details). adjusted ebitda increased sequentially to $231 million, or 11.1 percent of sales.
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