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) 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.
NOW Inc. (NYSE:DNOW) announced the resignation of Dick Alario from his interim role as Executive Vice Chairman. Alario, who served as Interim CEO from November 2019 to June 2020, will remain on the Board of Directors. J. Wayne Richards, Chairman, acknowledged Alario's strategic contributions during his tenure. CEO David Cherechinsky expressed gratitude for Alario's mentorship and commitment to the company's objectives. DistributionNOW operates globally as a supplier of energy and industrial products, employing approximately 2,550 staff across 200 locations.