Now Inc - DNOW STOCK NEWS

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.

NOW Inc. (NYSE:DNOW) announced an amendment to its senior secured credit facility with Wells Fargo as the administrative agent. Key changes include an extended maturity date to December 14, 2026, a $500 million global revolving credit facility potentially expandable to $750 million, and an increase in borrowing capacity through pledged cash deposits. Additionally, the interest rate on certain loans will decrease by 0.250% when the Fixed Charge Coverage Ratio is ≤1.50 to 1.00. CEO David Cherechinsky expressed optimism regarding the improved terms and strategic flexibility for growth.

NOW Inc. (NYSE: DNOW) reported Q3 2021 results with revenues of $439 million and net income of $5 million. Non-GAAP net income was $6 million, with diluted earnings per share at $0.05. The company achieved a 10% sequential revenue growth and generated $22 million in free cash flow. Although they expect 2021 revenue to remain stable, EBITDA is projected to improve to $90 million due to better margins and reduced costs, paving the way for a strong 2022 amidst global supply chain challenges.

NOW Inc. (NYSE:DNOW) will hold a conference call on November 3, 2021, at 8:00 am (CST) to discuss its third-quarter financial results, expected to be released before the market opens. The company, a leading distributor for energy and industrial markets with over 150 years of history, operates under the DistributionNOW and DNOW brands. With around 195 locations and 2,450 employees globally, NOW Inc. provides products and solutions across various energy sectors, including upstream, midstream, and downstream markets.

NOW Inc. (NYSE:DNOW) has appointed Sonya Reed to its Board of Directors effective August 11, 2021. Reed brings extensive experience, having held senior roles in human resources at Phillips 66 and General Cable. Her term will extend until the 2022 annual stockholders' meeting. This appointment aligns with the company's commitment to enhancing diversity on its board, which now comprises eight directors, including two women. The company operates as a leading distributor to energy and industrial markets, with a global presence of around 195 locations and 2,450 employees.

NOW Inc. (NYSE:DNOW) has announced the resignation of Wayne Richards from its board of directors, effective August 10, 2021, due to personal reasons. This resignation was described as amicable, with no disagreements on company matters. Dick Alario, Chairman of the Board, expressed gratitude for Richards' contributions to the company since its spin-off, acknowledging his significant role as a founding member and former Chairman. NOW Inc. remains a key player in the energy and industrial markets, operating approximately 195 locations globally.

NOW Inc. (NYSE: DNOW) reported a second-quarter revenue of $400 million for the period ending June 30, 2021. While they experienced a net loss of $2 million, the company achieved a sequential revenue growth of 11% and non-GAAP EBITDA of $6 million. Cash reserves stood at $293 million with no long-term debt. The President and CEO highlighted strategic gains leading to record gross margins and the potential for organic and inorganic growth, backed by total liquidity of $528 million.