Nov Inc's Suppliers recorded an increase in sales by 15.83 % year on year in Q1 2026, sequentially sales grew by 4.39 %, Nov Inc recorded an increase in cost of sales by 1.03 % year on year, relative to one quarter ago cost of sales fell by -7.82 % in Q1.
Nov Inc's Suppliers recorded an increase in sales by 15.83 % year on year in Q1 2026, sequentially sales grew by 4.39 %, Nov Inc recorded increase in cost of sales by 1.03 % year on year, compare to one quarter ago cost of sales fell by -7.82 % in Q1.
The Company sources materials and components from multiple suppliers and is influenced by commodity prices such as energy and steel, as well as tariffs, duties, and currency exchange rates. It has experienced fluctuating prices for milled steel and increasing prices for stainless alloy products. To address higher raw material costs, the Company applies surcharges and adjusts product prices. Increases in steel and other raw material prices, along with availability issues, may affect future operations. The Company monitors its backlog of orders, particularly in its Energy Equipment segment, with backlog values of $4.3 billion for 2025, $4.4 billion for 2024, and $4.1 billion for 2023. The Company employs a diverse workforce engaged in design, manufacturing, supply chain, and skilled trades to support its operations.
Nov Inc's Comment on Supply Chain
The Company sources materials and components from multiple suppliers and is influenced by commodity prices such as energy and steel, as well as tariffs, duties, and currency exchange rates. It has experienced fluctuating prices for milled steel and increasing prices for stainless alloy products. To address higher raw material costs, the Company applies surcharges and adjusts product prices. Increases in steel and other raw material prices, along with availability issues, may affect future operations. The Company monitors its backlog of orders, particularly in its Energy Equipment segment, with backlog values of $4.3 billion for 2025, $4.4 billion for 2024, and $4.1 billion for 2023. The Company employs a diverse workforce engaged in design, manufacturing, supply chain, and skilled trades to support its operations.
NOV's Suppliers Net Income grew by
NOV's Suppliers Net margin grew in Q1 to
71 %
10.56 %
NOV's Suppliers Net Income grew by 71 %
NOV's Suppliers Net margin grew in Q1 to 10.56 %
Nov Inc's Suppliers Sales Growth
in Q1 2026 by Industry
Sources:
Nov Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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