By Nicholas G. Miller

Nov expects to report first-quarter earnings and revenue below its prior guidance due to operational disruptions resulting from the war in the Middle East.

The company anticipates reporting revenue of $2.05 billion and adjusted earnings before interest, taxes, depreciation and amortization of $177 million.

The company, which supplies technology and equipment to the global energy industry, had previously guided for first-quarter adjusted EBITDA of $200 million to $225 million.

"The conflict in the Middle East created significant safety and logistical challenges during the first quarter, which adversely impacted revenue by an estimated $54 million and Adjusted Ebitda by approximately $32 million," said Chief Executive Jose Bayardo.

"These challenges disproportionately affected quarter-end deliveries of capital equipment and products, including spare parts, in the region, while our more service-oriented offerings were less affected. Higher shipping and freight costs and reduced absorption in our manufacturing facilities further amplified decremental margins," Bayardo said.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

April 15, 2026 08:23 ET (12:23 GMT)

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