Welcome to our dedicated page for DNOW news (Ticker: DNOW), a resource for investors and traders seeking the latest updates and insights on DNOW stock.
DNOW Inc. (symbol: DNOW) is one of the largest global distributors serving the energy and industrial sectors. With a workforce of approximately 4,500 employees and around 300 locations worldwide, DNOW offers an extensive range of products and solutions for the upstream, midstream, and downstream markets, as well as the industrial segment.
DNOW's product portfolio includes over 300,000 stock keeping units (SKUs) such as pipe, valves, valve automation, fittings, instrumentation, mill and industrial supplies, tools, safety supplies, electrical products, drilling and production equipment, artificial lift, pumps, fabricated equipment, and industrial paints and coatings. This extensive inventory is designed to meet the diverse needs of various industries, ensuring that customers find the right products for their operations.
The company's commitment to quality is exemplified by its ISO 9001 certified quality management system. A cornerstone of this system is DNOW’s industry-recognized supplier evaluation program, which emphasizes product quality through daily inspections, quarterly enhanced inspections, and comprehensive supplier quality audits. The company's approved manufacturers list is a significant asset, with some customers even adopting it as their own.
DNOW leverages over 160 years of legacy in the industry to supply energy and industrial products, as well as engineered process and production equipment worldwide. The company provides a comprehensive range of supply chain solutions and digital solutions under the brand DigitalNOW. These solutions facilitate digital commerce, data, and information management, offering customers cutting-edge technology to streamline their operations.
DNOW's operations span a wide array of sectors. Its locations serve exploration and production companies, midstream transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water authorities, manufacturers, as well as engineering and construction firms. The company is also actively engaged in the decarbonization, energy transition, and renewables markets, reflecting its commitment to sustainability and innovation.
Overall, DNOW Inc.'s robust product offerings, quality management systems, and advanced digital solutions position it as a key player in the energy and industrial sectors, providing unmatched value to its diverse customer base.
DNOW reported Q3 2024 financial results with revenue of $606 million and net income of $13 million ($0.12 per diluted share). Non-GAAP net income excluding other costs was $22 million ($0.21 per diluted share). The company achieved EBITDA excluding other costs of $42 million, representing 6.9% of revenue. Operating activities generated $74 million in cash for Q3 and $281 million for the trailing four quarters. The company maintains a strong financial position with $261 million in cash, zero long-term debt, and total liquidity of $622 million. DNOW repurchased $7 million in common stock during the quarter.
DNOW Inc. (NYSE:DNOW) has announced its third quarter 2024 earnings conference call, scheduled for Thursday, November 7, 2024, at 8:00 am (US Central Time). The company plans to release its financial results for the quarter ending September 30, 2024, before the market opens on the same day. The call will be accessible through DNOW's Investor Relations website and via phone.
DNOW is a global supplier of energy and industrial products, as well as packaged, engineered process and production equipment. With a 160-year legacy and approximately 2,550 employees worldwide, the company offers supply chain solutions and digital services through its DigitalNOW® platform. DNOW serves various industries, including exploration and production, midstream, refineries, chemical companies, utilities, mining, and companies in the decarbonization, energy transition, and renewables sectors.
DNOW Inc. (NYSE: DNOW) reported its second quarter 2024 results, highlighting revenue of $633 million and net income of $24 million ($0.21 per diluted share). Non-GAAP net income excluding other costs was $28 million ($0.25 per diluted share). The company achieved EBITDA excluding other costs of $50 million, representing 7.9% of revenue. DNOW generated $21 million in cash from operating activities for the quarter and $211 million for the trailing four quarters. The company repurchased $10 million of common stock and maintained a strong financial position with $197 million in cash, zero long-term debt, and total liquidity of approximately $579 million. CEO David Cherechinsky expressed satisfaction with the company's growth and execution of its strategy in a challenging market.
DNOW (NYSE:DNOW) has announced a conference call scheduled for August 7, 2024, at 8:00 am (US Central Time), to discuss its second quarter 2024 results. The financial results will be released on the morning of the same day before market opening. The call will be accessible via DNOW's Investor Relations webpage and a replay will be available for thirty days post-conference. Participants can join the call by dialing the provided numbers and using the access code 7372055. DNOW, a global supplier of energy and industrial products, offers a range of supply chain solutions and digital offerings through DigitalNOW®. The company has a presence in multiple sectors including oil, gas, utilities, and renewables.
DNOW Inc. (NYSE: DNOW) reported their first quarter 2024 results, showcasing impressive financial performance. The company generated $81 million in cash from operating activities and $563 million in revenue. Net income attributable to DNOW Inc. was $21 million, or $0.19 per diluted share. EBITDA reached $39 million, and the company completed the acquisition of Whitco Supply for $185 million in cash, bolstering their capabilities in the U.S. midstream market. With a debt-free balance sheet, $188 million in cash, and total liquidity of approximately $564 million, DNOW's CEO is optimistic about the company's future growth prospects, upgrading their 2024 full-year revenue outlook to a mid-to-high single-digit percentage range.
FAQ
What is the current stock price of DNOW (DNOW)?
What is the market cap of DNOW (DNOW)?
What does DNOW Inc. do?
How many employees does DNOW Inc. have?
What types of products does DNOW Inc. offer?
What is DigitalNOW?
Which sectors does DNOW Inc. serve?
What is DNOW Inc.'s commitment to quality?
Where is DNOW Inc. located?
How long has DNOW Inc. been in operation?
What is the significance of DNOW Inc.'s approved manufacturers list?
How does DNOW Inc. contribute to sustainability?
