Welcome to our dedicated news page for DNOW (Ticker: DNOW), a resource for investors and traders seeking the latest updates and insights on DNOW.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DNOW's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DNOW's position in the market.
Rhea-AI Summary
DNOW Inc. schedules a conference call to discuss Q1 2024 financial results, highlighting their global presence and digital solutions.
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-2.33%
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DNOW Inc. (NYSE: DNOW) completes the acquisition of Whitco Supply, LLC, enhancing its capabilities in key markets and boosting earnings and free cash flow. The strategic deployment of capital aims to increase long-term value for shareholders and stakeholders.
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0.07%
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Rhea-AI Summary
DNOW Inc. (NYSE: DNOW) reported strong financial results for Q4 and full-year 2023 with significant revenue growth and impressive earnings. Cash provided by operating activities was $105 million for Q4, revenue reached $555 million, and net income was $147 million. Non-GAAP net income was $24 million, while EBITDA was $44 million. The company had $299 million in cash and no long-term debt at the end of 2023. CEO David Cherechinsky expressed excitement over the performance, highlighting revenue growth, EBITDA, and free cash flow achievements.
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19.78%
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DNOW Inc. (NYSE: DNOW) has announced the acquisition of Whitco Supply, LLC in an all-cash transaction, subject to regulatory approvals and other customary closing conditions. The acquisition is aligned with DNOW's strategic objectives to diversify end-markets and strengthen shareholder value. Whitco Supply brings a talented team with extensive product expertise, enhancing DNOW's ability to support an expanded set of customers in the midstream and other markets. Both companies will remain independent and operate separately, with further information to be provided after the conclusion of the regulatory approval process and other customary closing conditions. Founded in 2003, Whitco Supply provides energy products and solutions to the midstream market, with approximately 230 employees across eight locations in the United States.
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End-of-Day
2.07%
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DNOW Inc. (NYSE:DNOW) has scheduled a conference call to discuss the results for the fourth quarter and full-year 2023. Financial results are expected to be released on February 15, 2024. DNOW is a worldwide supplier of energy and industrial products with a legacy of over 160 years, offering supply chain solutions and digital commerce technology.
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End-of-Day
-1.33%
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NOW Inc. (NYSE: DNOW) plans to change its corporate legal name to 'DNOW Inc.' effective January 19, 2024, while keeping its ticker symbol 'DNOW' unchanged. The decision aims to elevate and distinguish DNOW as a solutions-based products and services provider, unifying the company's identity in the marketplace.
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-3.64%
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NOW Inc. (NYSE: DNOW) announced its financial results for the third quarter ended September 30, 2023. The company reported revenue of $588 million, with net income of $35 million. Diluted earnings per share were $0.32. EBITDA for the quarter was $46 million, representing 7.8% of revenue. NOW Inc. also had $194 million in cash and cash equivalents and zero long-term debt as of September 30, 2023.
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-4.47%
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NOW Inc. schedules Q3 2023 earnings conference call
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2.03%
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-9.56%
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DNOW Inc.
NYSE:DNOW
DNOW Rankings
DNOW Stock Data
1.51B
104.10M
1.89%
97.8%
2.75%
General Rental Centers
Real Estate and Rental and Leasing
United States of America
HOUSTON
About DNOW
distributionnow is one of the largest distributors to the energy and industrial sectors. with ~ 4,500 employees and approximately 300 locations worldwide, we stock and sell a comprehensive offering of products for the upstream, midstream, and downstream & industrial market segments. we offer more than 300,000 stock keeping units, including pipe, valves and valve automation, fittings, instrumentation, mill and industrial supplies, tools, safety supplies, electrical products, drilling and production equipment, artificial lift, pumps, fabricated equipment, industrial paints and coatings. as a defining element of our iso 9001 certified quality management system, our supplier evaluation program is industry-recognized for its focus on ensuring product quality through daily inspections, quarterly enhanced inspections, and supplier quality audits. our approved manufacturers list is one of our most powerful benefits to our customers, some of whom have chosen to adopt it as their own while other