Welcome to our dedicated page for Now news (Ticker: DNOW), a resource for investors and traders seeking the latest updates and insights on Now stock.
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.
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.
NOW Inc. (NYSE:DNOW) has announced a conference call scheduled for February 16, 2023, at 8:00 am US Central Time to discuss its fourth quarter and full-year 2022 results. Financial results will be released that morning prior to market opening. Investors can access the call via the Investor Relations website or by dialing 1-844-200-6205 (North America) or 1-929-526-1599 (international) with Access Code: 703044. The company offers a range of supply chain solutions and digital commerce tools to various sectors, including the energy and industrial markets, from its Houston headquarters.
NOW Inc. (NYSE: DNOW) reported third-quarter 2022 revenue of $577 million, with a net income of $40 million. Non-GAAP net income excluding other costs was $34 million. The diluted earnings per share stood at $0.35, while non-GAAP diluted EPS was $0.30. The company achieved a non-GAAP EBITDA of $53 million, representing 9.2% of revenue. Cash and cash equivalents reached $267 million, with no long-term debt. Free cash flow amounted to $44 million, and $4 million of common stock was repurchased.
NOW Inc. (NYSE:DNOW) has announced a conference call scheduled for November 2, 2022 at 8:00 AM (US Central Time) to discuss the third quarter results for the period ending September 30, 2022. The financial results will be released that morning, prior to market opening. Interested parties can listen to the call via the Investor Relations link on the company's website at ir.dnow.com. The conference call is accessible by phone for North American and international participants.
NOW Inc. (NYSE: DNOW) reported robust financials for Q2 2022, with revenues hitting $539 million and net income of $26 million. Adjusted non-GAAP net income stood at $29 million, translating to diluted earnings per share of $0.23 and $0.26 on a non-GAAP basis. EBITDA, excluding other costs, reached $47 million, representing 8.7% of revenue. The company raised its full-year revenue guidance to potentially increase by 30%. Additionally, an $80 million share repurchase program was authorized to enhance capital allocation.
NOW Inc. has announced a stock repurchase program authorizing the purchase of up to
NOW Inc. (NYSE:DNOW) will hold a conference call on August 3, 2022, at 8:00 AM CT to discuss its Q2 2022 financial results, which will be released that morning before the market opens. The call can be accessed through the Investor Relations link on the company’s website. Participants can dial in to join the call with specific numbers for North America and internationally. NOW Inc. is a global supplier of energy and industrial products, providing a wide range of solutions across various sectors, including exploration, production, and decarbonization.
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