National Oilwell Varco Sales Down 50% in 3Q
The company reported a loss of $1.4 billion for the quarter.
The company reported a loss of $1.4 billion for the quarter.
Year-to-date sales down 27.2 percent year-over-year.
Year-to-dates sales increased 4 percent year-over-year.
Year-to-date sales down 10.9 percent compared to same period in 2015.
Overall, Kaman sales were up 4.5 percent in the quarter.
Manufacturing sales decline for the first time since 2009.
Profit was up 8.9 percent for the third quarter
For the first nine months, sales were down 9.3 percent year-over-year.
The company reported a loss of $21.7 million for the quarter.
Year-to-date sales increased 9 percent year-over-year.
Sales for the first nine months up 1.2 percent year-over-year.
Year-to-date sales down 4.6 percent year-over-year.
Year-to-date sales down 6.6 percent year-over-year.
For the first nine months, sales decreased 3.6 percent year-over-year.
Excluding transportation, new orders increased 0.7 percent.
For the first nine months, sales were down 2 percent year-over-year.
Profit declines 47.1 percent to $68.8 million.