Welcome to our dedicated page for DNOW news (Ticker: DNOW), a resource for investors and traders seeking the latest updates and insights on DNOW stock.
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 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.
NOW Inc. (NYSE: DNOW) reported strong first-quarter results for 2022, achieving revenues of $473 million and a net income of $30 million.
Non-GAAP diluted earnings per share stood at $0.14, with EBITDA excluding other costs reaching $28 million, representing 5.9% of revenue.
The company raised its full-year revenue guidance by 20%, with EBITDA expected to follow suit. Cash reserves are healthy at $293 million, and long-term debt is zero.
NOW Inc. (NYSE:DNOW) has announced a conference call set for May 5, 2022, at 8:00 am US Central Time to discuss the financial results for Q1 2022, concluding on March 31, 2022. The financial results will be released that morning before market opening. Interested parties can listen via the Investor Relations link on their website, and a replay will be available for thirty days post-call. NOW Inc. is a global supplier of energy and industrial products, employing approximately 2,325 individuals and providing digital solutions through their DigitalNOW® platform.
NOW Inc. (NYSE: DNOW) reported fourth-quarter revenue of $432 million, with a net income of $12 million. Non-GAAP net income, excluding other costs, stood at $8 million. Diluted EPS was $0.11, while non-GAAP diluted EPS was $0.07. The company achieved a non-GAAP EBITDA of $17 million. Cash and equivalents reached $313 million with zero long-term debt. CEO David Cherechinsky emphasized a 92% increase in EBITDA and successful cost reductions of $50 million, showcasing a robust performance alongside modernization efforts.
NOW Inc. (NYSE:DNOW) has announced a conference call to discuss its fourth quarter and full-year 2021 earnings scheduled for February 17, 2022, at 8:00 am (US Central Time). Financial results will be released before market opening on the same day. The call can be accessed via the company's Investor Relations website and a replay will be available for 30 days. DistributionNOW is a leading supplier in the energy sector, offering a range of products and digital solutions from its locations worldwide.
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