Now Inc Stock Price, News & Analysis

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.

NOW Inc. (NYSE:DNOW) will host a conference call on August 4, 2021, at 8:00 AM (CT) to discuss its second-quarter results for 2021. The financial results for the quarter ending June 30, 2021, will be released that morning before the market opens. Interested participants can access the call via the Investor Relations section on NOW Inc.'s website or by dialing in. NOW Inc. is a leading distributor to energy and industrial markets, operating approximately 195 locations globally with 2,450 employees.

NOW Inc. (NYSE: DNOW) reported its first-quarter results for 2021, highlighting revenue of $361 million and a net loss of $10 million. Non-GAAP net loss was $5 million with diluted loss per share at $0.09. The company achieved significant progress, reaching break-even EBITDA a quarter ahead of schedule. Cash and cash equivalents totaled $374 million with zero long-term debt, providing financial flexibility. A recent acquisition further supports growth strategies, including investments in DigitalNOW technologies.

NOW Inc. (NYSE: DNOW) finalized the acquisition of Flex Flow from GR Energy Services for $90 million, enhancing its product range in horizontal pumping solutions. The acquisition adds a fleet of 240 trailer-mounted H-pump units and strengthens DNOW's presence in key midstream markets including Permian and Canada’s Montney. The deal includes potential additional payments based on Flex Flow's profitability in the following year. The integration aims to provide comprehensive service offerings and improved customer solutions, bolstering DNOW's competitive position.

NOW Inc. (NYSE:DNOW) has announced an agreement to acquire substantially all assets of GR Energy Services' Flex Flow business, which specializes in surface-mounted horizontal pumping systems. This all-cash transaction is subject to customary closing conditions and regulatory approvals. CEO David Cherechinsky highlighted that the acquisition will enhance DNOW's presence in the midstream market, leveraging Flex Flow's expertise in H-pump packages and water management solutions. Flex Flow has a strong reputation in the energy sector, particularly in regions like the Permian Basin.

NOW Inc. (NYSE:DNOW) will hold a conference call on May 5, 2021 at 8:00 am (US Central Time) to discuss its first-quarter financial results for the period ending March 31, 2021. The earnings report will be released that morning before market opening. The call will be accessible via the Investor Relations section of NOW Inc.'s website and will also have a replay available for 30 days. NOW Inc. operates globally with around 195 locations and offers products and solutions tailored for the energy and industrial sectors.

NOW Inc. (NYSE: DNOW) reported fourth quarter 2020 revenues of $319 million, accompanied by a net loss of $44 million. The non-GAAP net loss was $28 million, translating to a diluted loss per share of $0.40 and a non-GAAP diluted loss per share of $0.25. The company incurred a $24 million non-cash inventory charge, impacting non-GAAP EBITDA, which was a loss of $29 million. However, cash and cash equivalents stood at $387 million, with zero long-term debt. Free cash flow reached $55 million, reflecting a solid financial position as it enters 2021.

NOW Inc. (NYSE:DNOW) has announced a conference call to discuss its fourth quarter and full-year 2020 earnings on February 17, 2021, at 8:00 am (US Central Time). Financial results will be released the same morning before market opening. The call can be accessed via the Investor Relations section of the NOW Inc. website or by dialing 1-800-446-1671 (North America) or 1-847-413-3362 (International). A replay will be available for 30 days. NOW Inc. provides energy and industrial products with about 2,550 employees across 200 locations globally.

NOW Inc. (NYSE: DNOW) reported its third quarter results for 2020, revealing a revenue of $326 million.

The company faced a net loss of $22 million, and a diluted loss per share of $0.20. However, non-GAAP measures showed a net loss of $17 million with a non-GAAP diluted loss per share of $0.16.

Free cash flow was $57 million, supported by a robust cash position of $325 million. The company emphasized its focus on cost reduction and maintaining a debt-free status while investing in technology.