National Oilwell Varco Inc. (NYSE: NOV), Houston, TX, reported sales for the third quarter of $5.6 billion, an increase of 6 percent compared to the same period a year ago. Profit increased 12.9 percent to $699 million.
Third-quarter sales for the rig systems segment were $2.7 billion, an increase of 29 percent from the third quarter of 2013. Third-quarter sales for the rig aftermarket segment were $837 million, an increase of 18 percent from the third quarter of 2013.
Sales for the third quarter of the wellbore technologies segment were $1.5 billion, an increase of 14 percent from the third quarter of 2013. And the completion & production solutions segment generated revenues of $1.2 billion, an increase of 9 percent from the third quarter of 2013.
Year-to-date sales were $15.7 billion, up 13.9 percent over the prior-year period. Profit increased 14.3 percent to $1.9 billion.