National Oilwell Varco’s Sales Up 3% - Modern Distribution Management

Log In

National Oilwell Varco’s Sales Up 3%

Slow start in certain markets dampens Q1 growth.

National Oilwell Varco Inc. (NYSE: NOV), Houston, TX, reported first-quarter sales of $1.8 billion, up 3 percent compared to the first quarter of 2017. The company reported a loss of $68 million for the quarter.

Company leaders cited a slower than expected start to its capital equipment business early in the year as well softness in its Eastern Hemisphere business, which offset improvements in North America.

Compared to the prior-year period, sales in the company’s Rig Technologies segment fell 17 percent to $483 million, sales in its Wellbore Technologies segment grew 28 percent, and sales in its Completion & Production Solutions segment grew 3 percent to $670 million.


Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.