Now Inc - DNOW STOCK NEWS

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 $80 million of its common stock. This initiative is effective immediately and will run until December 31, 2024. The decision reflects the company's strong liquidity position, with $574 million in total liquidity, including $232 million in cash. The program aims to enhance shareholder returns while maintaining a focus on acquisitions and growth opportunities.

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.