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 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.
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.