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National Oilwell Varco, Inc. Message Board

  • n16m15 n16m15 Apr 26, 2013 2:54 PM Flag

    CAM new orders way ahead of NOV...OUCH!

    Competitors are really starting to wack NOV's margins and that is going to get worse.

    NOV had new orders of $3 billion for the qtr.

    Here's what CAM reported:


    During the quarter, Cameron received orders totaling $3,633.5 million, up 41.4% year over year, reflecting a 62.4% increase in the DPS segment. The composition of current order booking is 75% for DPS, 15% for V&M and 10% for PCS.

    As of Mar 31, 2013, Cameron's total backlog stood at a record $10,037.0 million, up significantly from the year-earlier level of $6,766.5 million, driven by sharply higher backlog in the DPS segment.

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