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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.
NOW Inc. (NYSE:DNOW) has announced a conference call scheduled for Thursday, May 4, 2023, at 8:00 am (US Central Time) to discuss its first quarter 2023 financial results. The results will be released before the market opens on the same day. Interested listeners can access the call via the Investor Relations link on the company’s website at ir.dnow.com. Participants can also join by calling 1-888-660-6431 in North America or 1-929-203-2118 internationally with the Access Code: 7372055. NOW Inc. is a global supplier of energy and industrial products, employing approximately 2,425 individuals and providing solutions across various sectors.
NOW Inc. (NYSE:DNOW) announced the appointment of Karen David-Green to its Board of Directors, effective March 24, 2023. Her term will end at the 2023 annual stockholders’ meeting. Ms. David-Green has a background in communications and sustainability, currently serving as Chief Communications Officer at Expro Group, and previously held executive roles at Weatherford International. The addition of David-Green aligns with NOW Inc.'s commitment to enhancing gender diversity within its board, which now has three women members. Overall, this move aims to strengthen the board’s capabilities and support the company's strategic goals.
NOW Inc. (NYSE: DNOW) reported strong financial results for Q4 and the full year ended December 31, 2022. Q4 revenue reached $547 million, with a net income of $32 million and diluted EPS of $0.28. For the full year, revenues grew by 31% to $504 million, with gross margins at 23.7% and total EBITDA of $175 million. The company maintained $212 million in cash, with zero long-term debt and $564 million in total liquidity. Two acquisitions totaling $59 million were completed in December, enhancing product offerings. CEO David Cherechinsky expressed optimism for 2023, highlighting the company's strong market position.
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