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Overview of DNOW Inc.
DNOW Inc. (symbol: DNOW) is a global entity engaged in the distribution of energy and industrial products, as well as packaged and engineered process equipment. With a legacy spanning over 160 years, the company has evolved to serve a diverse array of market segments including exploration and production, midstream transmission and storage, refining operations, chemical processing, mining, water utilities, and various industrial and engineering sectors. Integrated within its operations is a suite of digital solutions branded as DigitalNOW, which empowers customers with comprehensive digital commerce capabilities and advanced data management tools.
Comprehensive Product and Service Offering
At its core, DNOW Inc. maintains an extensive inventory of products that include critical components like pipes, valves and valve automation, fittings, insulation and industrial supplies. The company supports products for upstream, midstream, and downstream market segments, ensuring that a wide variety of operational needs are met. Additionally, its catalog extends to include instrumentation, mill supplies, tooling, safety equipment, electrical goods, drilling and production equipment, pumps, fabricated equipment, industrial coatings, and more. This expansive product offering is designed to be a one-stop solution for energy exploration, production, and industrial operations.
Quality Assurance and Operational Excellence
An integral aspect of DNOW Inc.'s operations is its unwavering commitment to quality management. The company operates under an ISO 9001 certified system, incorporating a robust supplier evaluation program that is recognized industry-wide. Daily inspections, quarterly enhanced assessments, and structured supplier quality audits help maintain a consistently high standard, which is further underscored by its exclusive approved manufacturers list—a significant asset that clients often integrate into their own quality assurance processes.
Digital Innovation with DigitalNOW
Beyond physical distribution, DNOW Inc. has strategically integrated digital solutions into its business model. DigitalNOW is a suite of digital tools aimed at transforming traditional supply chain operations through technology. These digital solutions facilitate digital commerce, enhanced data analytics, and efficient information management, thereby enabling clients to streamline operations, reduce process inefficiencies, and drive informed decision-making. Through these innovative platforms, DNOW Inc. reinforces its role as a critical enabler in modern industrial and energy markets.
Market Position and Competitive Landscape
DNOW Inc. operates with a multifaceted business model that spans across geographic regions with dedicated segments in the United States, Canada, and International markets. Its global distribution network, supported by hundreds of strategically located facilities, positions it as a formidable player in a competitive landscape. The company's adherence to stringent quality standards, coupled with its pioneering digital solutions, differentiates it from other distributors. This combination of extensive product availability, operational excellence, and technological innovation creates a resilient business model that is deeply integrated into the supply chains of major industrial and energy players.
Customer-Centric Approach and Value Proposition
The company’s customer-focused model is built around tailored supply chain solutions and a dedication to quality assurance. By providing an expansive range of products and reliable digital support systems, DNOW Inc. enables its customers—from exploration and production firms to engineering and construction companies—to minimize operational disruptions and optimize maintenance of their assets. This holistic approach, backed by decades of industry experience, positions DNOW Inc. not merely as a supplier, but as a trusted partner committed to operational excellence and quality augmentation across every facet of the energy and industrial sectors.
Conclusion
DNOW Inc. encapsulates a comprehensive industrial solution, merging traditional product distribution with state-of-the-art digital innovations. Its extensive product portfolio, rigorous quality management practices, and strategic digital integration through DigitalNOW provide a solid foundation for industry operations worldwide. This thoughtful blend of quality assurance, operational efficiency, and digital transformation reinforces its reputation as a critical connector in the global supply chain for energy and industrial markets.
DNOW (NYSE: DNOW) reported strong financial results for Q4 and full-year 2024. The company announced a new $160 million share repurchase authorization, doubling its previous program, and completed the acquisition of Trojan Rentals for $114 million.
Key financial highlights include: Q4 revenue of $571 million and full-year revenue of $2,373 million; Q4 net income of $23 million ($0.21 per diluted share) and full-year net income of $81 million ($0.74 per diluted share). Operating cash flow reached $122 million in Q4 and $298 million for the full year. The company achieved Q4 EBITDA of $45 million (7.9% of revenue) and full-year EBITDA of $176 million (7.4% of revenue).
DNOW maintains a strong financial position with $256 million in cash, zero long-term debt, and total liquidity of approximately $556 million.
DNOW Inc. (NYSE:DNOW) has announced its upcoming fourth quarter and full-year 2024 earnings conference call, scheduled for February 13, 2025 at 8:00 am Central Time. The company will release its financial results before market opening on the same day.
The earnings call will be accessible through DNOW's Investor Relations website at ir.dnow.com, with a listen-only webcast option. Participants can also join via phone by dialing 1-800-715-9871 (North America) or 1-646-307-1963 (outside North America) using Access Code: 7372055. A replay will be available online for thirty days following the conference.
DNOW operates as a supplier of energy and industrial products, along with packaged, engineered process and production equipment, backed by over 160 years of experience. The company employs approximately 2,500 people and offers supply chain solutions enhanced by their DigitalNOW® digital commerce platform.
DNOW has announced a new $160 million share repurchase program, doubling the size of its successfully completed $80 million inaugural program. The Board of Directors has authorized this program effective immediately, allowing the Company to purchase its common stock through Rule 10b5-1 trading plans.
President and CEO David Cherechinsky emphasized that this expanded program reflects the company's confidence in its continued cash flow generation capabilities and improved earnings profile. The initiative complements DNOW's acquisition focus and demonstrates commitment to disciplined capital allocation strategy.
The program's execution will depend on various factors including share price, business conditions, and alternative investment opportunities. The company maintains flexibility to suspend or discontinue the program at its discretion, with no obligation to repurchase shares.
DNOW Inc. (NYSE: DNOW) has completed an all-cash acquisition of Trojan Rentals, a provider of pump rentals, automation technology, and layflat hose equipment for water management solutions. This marks DNOW's third acquisition in the water management sector, following Flex Flow and Performance Multi-Flow Solutions. The acquisition expands DNOW's product portfolio and enhances its earnings profile, particularly complementing its U.S. Process Solutions business and Flex Flow pump rental operations. The strategic move aims to strengthen DNOW's position in providing comprehensive water management solutions to meet industry demands.
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.
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