NYSE:NOVEnergy Services
NOV Q1 Logistics Strain Pressures Margins While Backlog Remains Intact
NOV (NYSE:NOV) reported first quarter operational headwinds tied to the Middle East conflict.
Logistics constraints, higher freight costs, and shipment delays affected margins in the period.
Management indicated these issues are timing related, with orders delayed rather than cancelled.
NOV, a global supplier of equipment and technology to the energy industry, is feeling the real world effects of geopolitical tension through its supply chain and logistics channels. For investors, the key...