What is NOVA, Inc.'s goodwill impairment?

NOVA, Inc. (NOV) reported goodwill impairment of $0 in Q4 2023.

What does goodwill impairment mean?

Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

NOVA, Inc. NOV Goodwill impairment

Discontinued — last reported Q4 '23

Goodwill impairment at other companies

CaterpillarCAT

$0—

Segments

By segment

See full

Energy Equipments$40M—

Other financials

Income statement

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Revenue$2.1B-2.4%

Gross profit$379.0M-15.2%

Operating income$47.0M-69.1%

Net income$19.0M-74.0%

EPS (diluted)$0.05-73.7%

Balance sheet

See full

Cash & equivalents$1.3B+16.0%

Total debt$2.0B-1.7%

Total equity$6.2B-3.5%

Total assets$11.1B-1.2%

Cash flow

See full

Operating cash flow-$26.0M-119%

CapEx$65.0M-22.6%

Free cash flow-$91.0M-278%

Valuation

See full

Market cap$6.7B+17.0%

Enterprise value$7.4B+11.3%

P/E27.7×+15.0×

P/S0.8×+0.1×

Profitability

See full

Gross margin19.5%-3.1pp

Operating margin4.5%-5.3pp

Net margin4.4%-7.7pp

FCF margin8.4%-4.6pp

Returns & leverage

See full

Return on equity5.9%-12.0pp

Debt / equity0.3×0.0×

Current ratio2.5×-0.2×

Where this comes from

Reported directly by NOVA, Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: NOVA, Inc.’s 10-K, filed February 14, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is NOVA, Inc.'s goodwill impairment?: NOVA, Inc. (NOV) reported goodwill impairment of $0 in Q4 2023.
What does goodwill impairment mean?: Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.