Now Inc Stock Price, News & Analysis

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.

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.

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.