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NOW Inc. Announces Plan to Adopt New Corporate Legal Name ';DNOW Inc.'
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NOW Inc. (NYSE: DNOW) plans to change its corporate legal name to 'DNOW Inc.' effective January 19, 2024, while keeping its ticker symbol 'DNOW' unchanged. The decision aims to elevate and distinguish DNOW as a solutions-based products and services provider, unifying the company's identity in the marketplace.
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HOUSTON--(BUSINESS WIRE)--
NOW Inc. (the “Company”) (NYSE: DNOW) announced today plans to change its corporate legal name to ‘DNOW Inc.’, effective January 19, 2024. The Company’s ticker symbol, “DNOW”, will remain unchanged.
“The decision to harmonize our name and brand is underpinned by our commitment to elevate and distinguish DNOW as a solutions-based products and services provider. We are widely recognized as DNOW and the change of the Company’s corporate legal name is a natural step in unifying our identity in the marketplace,” stated David Cherechinsky, President and CEO of DNOW.
About DNOW
DNOW is a worldwide supplier of energy and industrial products and packaged, engineered process and production equipment with a legacy of over 160 years. Headquartered in Houston, Texas, with approximately 2,475 employees and a network of locations worldwide, we offer a broad set of supply chain solutions combined with a suite of digital solutions branded as DigitalNOW® that provide customers world-class technology for digital commerce, data and information management. Our locations provide products and solutions to exploration and production companies, midstream transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers, engineering and construction companies as well as companies operating in the decarbonization, energy transition and renewables end markets.
Statements made in this press release that are forward-looking in nature are intended to be "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and may involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to documents filed by NOW Inc. with the U.S. Securities and Exchange Commission, which identify significant risk factors which could cause actual results to differ from those contained in the forward-looking statements.
Mark Johnson
Senior Vice President and Chief Financial Officer
(281) 823-4754
Source: DNOW
FAQ
When will NOW Inc. change its corporate legal name?
NOW Inc. plans to change its corporate legal name to 'DNOW Inc.' effective January 19, 2024.
What is the ticker symbol for NOW Inc.?
The ticker symbol for NOW Inc. is 'DNOW' and will remain unchanged.
Why is NOW Inc. changing its corporate legal name?
The decision aims to elevate and distinguish DNOW as a solutions-based products and services provider, unifying the company's identity in the marketplace.
Who is the President and CEO of NOW Inc.?
David Cherechinsky is the President and CEO of NOW Inc.
What is the significance of the name change for NOW Inc. shareholders?
The name change reflects the company's commitment to reposition itself as a solutions-based products and services provider, potentially impacting its market perception and positioning.
What does the name change signify for NOW Inc.'s branding strategy?
The name change is underpinned by the company's commitment to elevate and distinguish DNOW as a solutions-based products and services provider, unifying its identity in the marketplace.
How will the name change affect NOW Inc.'s market recognition?
The name change aims to unify the company's identity in the marketplace, potentially enhancing its market recognition as a solutions-based products and services provider.
What is the goal of the name change for NOW Inc.?
The goal of the name change is to elevate and distinguish DNOW as a solutions-based products and services provider, unifying the company's identity in the marketplace.
