DNOW Inc. - DNOW STOCK NEWS

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.

DNOW Inc. schedules a conference call to discuss Q1 2024 financial results, highlighting their global presence and digital solutions.

DNOW Inc. (NYSE: DNOW) completes the acquisition of Whitco Supply, LLC, enhancing its capabilities in key markets and boosting earnings and free cash flow. The strategic deployment of capital aims to increase long-term value for shareholders and stakeholders.

DNOW Inc. (NYSE: DNOW) reported strong financial results for Q4 and full-year 2023 with significant revenue growth and impressive earnings. Cash provided by operating activities was $105 million for Q4, revenue reached $555 million, and net income was $147 million. Non-GAAP net income was $24 million, while EBITDA was $44 million. The company had $299 million in cash and no long-term debt at the end of 2023. CEO David Cherechinsky expressed excitement over the performance, highlighting revenue growth, EBITDA, and free cash flow achievements.

DNOW Inc. (NYSE: DNOW) has announced the acquisition of Whitco Supply, LLC in an all-cash transaction, subject to regulatory approvals and other customary closing conditions. The acquisition is aligned with DNOW's strategic objectives to diversify end-markets and strengthen shareholder value. Whitco Supply brings a talented team with extensive product expertise, enhancing DNOW's ability to support an expanded set of customers in the midstream and other markets. Both companies will remain independent and operate separately, with further information to be provided after the conclusion of the regulatory approval process and other customary closing conditions. Founded in 2003, Whitco Supply provides energy products and solutions to the midstream market, with approximately 230 employees across eight locations in the United States.