Welcome to our dedicated page for Now news (Ticker: DNOW), a resource for investors and traders seeking the latest updates and insights on Now stock.
DNOW Inc. reports developments tied to its energy and industrial solutions business, including distribution of pipe, valves and fittings, gas products, pumps, and fabricated equipment. The company serves upstream, midstream, gas utilities, downstream, energy transition, and industrial markets through supply-chain solutions, technical product expertise, and digital offerings such as DigitalNOW and MRCGO.
Recurring DNOW news includes quarterly and annual results, earnings calls, margin and cash-flow commentary, share repurchase activity, acquisition updates, and integration of completed acquisitions such as MRC Global and Edge Controls. Coverage also reflects the company's U.S., Canada, and International segment activity and its operating focus across the DNOW and MRC brands.
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 $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.