National Oilwell sees NOW spinoff completed in Q2 National Oilwell Varco announced that Marcela E. Donadio has been appointed to the National Oilwell Varco Board of Directors effective April 8. NOV also announced that NOW Inc. has filed its amended Form 10 with the Securities and Exchange Commission. The company anticipates the spin will be completed in 2Q14.
National Oilwell reports Q3 EPS $1.76 ex-items, consensus $1.53 Reports Q3 revenue $5.59B, consensus $5.48B. Ending backlog for the third quarter of 2014 was $14.34 billion for the Company’s Rig Systems segment and $2.09 billion for the Company’s Completion & Production Solutions segment.