NOV Inc. (NYSE:NOV) Q1 2025 – Earnings Conference Call April 29, 2025 11:00 AM ET
Company Participants
Amie D’Ambrosio – Director of IR
Clay Williams – Chairman, President and CEO
Jose Bayardo – SVP and COO
Rodney Reed – SVP and CFO
Conference Call Participants
Connor Jensen – Raymond James
Arun Jayaram – JPMorgan Securities
Scott Gruber – Citigroup
Stephen Gengaro – Stifel
Roger Read – Wells Fargo Securities
Marc Bianchi – TD Cowen
Operator
Good day, and welcome to the Q1 2025 NOV Inc. Earnings Conference Call. At this time, all participants are in a listen only mode. After the speaker presentation, there will be a question and answer session. [Operator Instructions]. Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker, Ms. Amie D’Ambrosio, Director of Investor Relations.
Please go ahead.
Amie D’Ambrosio
Welcome, everyone, to NOV’s first quarter 2025 earnings conference call. With me today are Clay Williams, our Chairman and Chief Executive Officer Jose Bayardo, our President and Chief Operating Officer and Rodney Reed, our Senior Vice President and Chief Financial Officer. Before we begin, I would like to remind you that some of today’s comments are forward-looking statements within the meaning of the federal securities laws. They involve risks and uncertainty, and actual results may differ materially.
No one should assume these forward-looking statements remain valid later in the quarter or later in the year. For a more detailed discussion of the major risk factors affecting our business, please refer to our latest Forms 10-K and 10-Q filed with the Securities and Exchange Commission. Our comments also include non-GAAP measures. Reconciliations to the nearest corresponding GAAP measures are in our earnings release available on our website.
On a US GAAP basis, for the first quarter
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