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. (NYSE: DNOW) generates a steady flow of news through its role as an energy and industrial products supplier, its financial reporting cycle and its corporate transactions. Company press releases and SEC-related announcements frequently cover quarterly and annual results, segment performance in the United States, Canada and International regions, and updates on capital allocation such as share repurchase authorizations and acquisitions.
Recent news has highlighted DNOW’s all-stock acquisition of MRC Global Inc., a transaction described in joint press releases and Form 8-K filings as creating a premier energy and industrial solutions provider. Coverage of this combination includes details on the agreed exchange ratio, shareholder approvals, regulatory milestones, expected cost synergies and the closing of the transaction, after which MRC Global became a wholly owned subsidiary of DNOW and its stock ceased trading on the New York Stock Exchange.
Investors following DNOW news can also expect regular earnings announcements that include revenue by segment, non-GAAP metrics such as EBITDA excluding other costs and free cash flow, and commentary from management on operational performance. Additional items appearing in the news flow include disclosures about acquisitions like Trojan Rentals, LLC and Natron International Pte. Ltd., updates on DNOW’s DigitalNOW® initiatives, and information on amended credit facilities and other financing arrangements.
This DNOW news page on Stock Titan aggregates such releases and related market updates in one place, helping readers track developments in DNOW’s business, its integration of MRC Global, and its ongoing activities across energy, gas utility, industrial, decarbonization and renewables end markets.
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.