DNOW (DNOW) Q1 2026 results: GAAP loss, buybacks, Edge Controls deal

Rhea-AI Filing Summary

DNOW Inc. reported first quarter 2026 results showing strong revenue but a GAAP loss driven by special charges. Revenue was $1,183 million. Gross profit was $193 million, or 16.3% of revenue, while adjusted gross profit was $256 million, or 21.6%, after adding back items such as amortization, LIFO impacts and inventory-related transaction charges.

The company posted a net loss attributable to DNOW of $44 million, or ($0.24) per diluted share, but on an adjusted basis reported $3 million of net income, or $0.01 per diluted share. Adjusted EBITDA was $39 million, or 3.3% of revenue.

DNOW used cash in operating activities of $95 million and ended March 31, 2026 with $116 million of cash and cash equivalents and $571 million of long-term debt, resulting in a net debt leverage ratio of 2.3x. The company repurchased $50 million of common stock under its $160 million program and completed the $46 million acquisition of Edge Controls to expand automation and controls capabilities.

Insights

Equity research analyst

DNOW posts GAAP loss on deal-related charges but modest adjusted profit and continued M&A plus buybacks.

DNOW generated Q1 2026 revenue of $1,183 million with adjusted gross margin of 21.6%. However, GAAP results showed a net loss of $44 million, largely influenced by items such as LIFO reserve increases and $41 million of inventory-related transaction charges tied to acquisitions.

On a normalized basis, adjusted net income was $3 million and Adjusted EBITDA was $39 million, or 3.3% of revenue, indicating relatively thin profitability. Management highlighted integration progress with MRC Global and early benefits from diversification across upstream, midstream, gas utilities and data center-related demand.

Capital structure shifted as DNOW repurchased $50 million of stock and completed the $46 million Edge Controls acquisition. Cash declined to $116 million and long-term debt increased to $571 million, resulting in Net Debt of $455 million and a net debt leverage ratio of 2.3x. Future disclosures for subsequent quarters will clarify how integration synergies and ERP conversion efforts affect margins and cash generation.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Revenue: $1,183 million Gross profit margin: 16.3% of revenue Adjusted gross profit margin: 21.6% of revenue +7 more

10 metrics

Revenue $1,183 million Quarter ended March 31, 2026

Gross profit margin 16.3% of revenue GAAP gross profit in Q1 2026

Adjusted gross profit margin 21.6% of revenue Adjusted gross profit in Q1 2026

Net loss $44 million Net loss attributable to DNOW Inc. in Q1 2026

Adjusted EBITDA $39 million 3.3% of revenue in Q1 2026

Cash from operations $95 million used Cash used in operating activities Q1 2026

Debt and cash $571M debt, $116M cash Balances at March 31, 2026

Net debt leverage ratio 2.3x Net Debt $455M vs TTM Adjusted EBITDA $202M

Share repurchases $50 million Common stock repurchased in Q1 2026

Edge Controls acquisition $46 million Acquisition completed February 2026

Key Terms

Adjusted EBITDA, Last-In, First-Out ("LIFO") inventory costing methodology, inventory-related transaction charges, Net Debt, +2 more

6 terms

Adjusted EBITDA financial

"Adjusted EBITDA was $39 million, or 3.3% of revenue"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Last-In, First-Out ("LIFO") inventory costing methodology financial

"plus or minus the impact of our Last-In, First-Out (“LIFO”) inventory costing methodology"

inventory-related transaction charges financial

"inventory-related transaction charges included $41 million and $135 million, respectively, of charges related to inventory step-up"

Net Debt financial

"We define Net Debt as total long-term debt, including current portion, minus cash"

Net debt is the total amount a company owes after subtracting the cash and assets it has that can be used to pay off that debt. It shows how much debt is truly a burden, helping investors understand if a company is financially healthy or heavily borrowed. Think of it like calculating how much money you owe after using your savings to pay part of it.

net debt leverage ratio financial

"We define our net debt leverage ratio as Net Debt divided by trailing twelve months Adjusted EBITDA"

Net debt leverage ratio measures how many years of a company’s core earnings would be needed to pay off its debt after accounting for cash on hand, calculated by dividing net debt (total debt minus cash) by annual operating earnings. Investors use it like a household debt-to-income check: a lower number means the company is in a stronger position to handle obligations and take risks, while a higher number signals greater financial strain and vulnerability to shocks.

transaction-related charges financial

"Transaction-related charges include transaction costs, inventory fair value step-up, retention bonus accruals and integration expenses associated with acquisitions"

Earnings Snapshot

Revenue: $1,183 million

Q1 2026

Revenue $1,183 million

Net loss attributable to DNOW Inc. $44 million

Adjusted net income attributable to DNOW Inc. $3 million

Adjusted EBITDA $39 million

Understanding 8-K Material Events →

false000159961700015996172026-05-072026-05-07

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 07, 2026

DNOW INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-36325	46-4191184
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
7402 North Eldridge Parkway
Houston, Texas				77041
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 281 823-4700

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.01		DNOW		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On May 7, 2026, DNOW Inc. issued a press release announcing earnings for the quarter ended March 31, 2026 and conference call in connection therewith. A copy of the release is furnished herewith as Exhibit 99.1 and incorporated herein by reference.

The information contained in this Current Report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibit is provided as part of the information furnished under Item 2.02 of this Current Report on Form 8-K:

99.1	DNOW Inc. press release dated May 7, 2026 announcing the earnings results for the first quarter ended March 31, 2026.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			DNOW INC.
Date:	May 7, 2026	By:	/s/ Raymond W. Chang
			Raymond W. Chang
			Vice President & General Counsel

Earnings Conference Call May 7, 2026 8:00 a.m. CT 1 (888) 660-6431 (within North America) 1 (929) 203-2118 (outside of North America) Access Code: 7372055 Webcast: ir.dnow.com

DNOW Reports First Quarter 2026 Results

HOUSTON, TX, May 7, 2026 – DNOW Inc. (NYSE: DNOW) announced results for the first quarter ended March 31, 2026.

Recent Capital Allocation Actions

•Repurchased $50 million of common stock, under the $160 million share repurchase program

•Completed acquisition of Edge Controls for $46 million in February, expanding our differentiated automation and controls capabilities within U.S. Process Solutions

First Quarter 2026 Highlights

•Revenue was $1,183 million

•Gross profit was $193 million, or 16.3% of revenue, and adjusted gross profit was $256 million, or 21.6% of revenue

•Net loss attributable to DNOW Inc. was $44 million, or ($0.24) per diluted share and adjusted net income attributable to DNOW Inc. was $3 million, or $0.01 per diluted share

•Adjusted EBITDA was $39 million, or 3.3% of revenue

•Cash used in operating activities was $95 million

•Cash and cash equivalents was $116 million and long-term debt was $571 million at March 31, 2026 with total liquidity of approximately $379 million

David Cherechinsky, President and CEO of DNOW, added, “I am pleased with our achievements in the quarter as we completed our first full quarter with MRC Global. We advanced the integration of our upstream and midstream operations, delivered sequential revenue growth in the midstream and gas utility sectors and are beginning to see early traction from new data center related awards.

This combination creates a more diversified and less cyclical business, supported by multiple, durable growth drivers. In the first quarter, we demonstrated our commitment to disciplined capital allocation by repurchasing $50 million of shares, our highest level to date, and enhanced our capabilities with the completion of our twenty-sixth acquisition, Edge Controls. We will remain focused on being opportunistic in returning capital to our shareholders.

I want to thank our team members for their continued dedication and adaptability as we execute our integration plan and capture synergies ahead of schedule. With respect to the ERP conversion, we are taking targeted, decisive actions to enhance system performance and drive operational efficiencies. We are confident these actions will strengthen our foundation and deliver meaningful earnings growth and long-term value for the business.”

Prior to the earnings conference call a presentation titled “DNOW First Quarter 2026 Earnings Presentation” will be available on the Company’s Investor Relations website.

About DNOW

DNOW is a premier energy and industrial solutions provider with a legacy of over 160 years as a leading distributor of pipe, valves, fittings (PVF), gas products, pumps and fabricated equipment. Headquartered in Houston, Texas, with approximately 5,150 employees and a global network of distribution and engineering locations; we provide a broad mix of quality products our customers require to build and maintain essential infrastructure across the upstream, gas utilities, downstream and industrial and midstream markets. We deliver a comprehensive range of value-added supply chain solutions and technical product expertise, supported by advanced digital offerings. Our products and resources enable our customers to run their operations more efficiently and effectively, helping them to meet and exceed their business goals.

1

Statements made in this press release that are forward-looking in nature are intended to be "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and may involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to documents filed by DNOW Inc. with the U.S. Securities and Exchange Commission, which identify significant risk factors which could cause actual results to differ from those contained in the forward-looking statements.

Contact:

Mark Johnson

Senior Vice President and Chief Financial Officer

(281) 823-4754

2

DNOW INC.

CONSOLIDATED BALANCE SHEETS

(In millions, except share and per share data)

		March 31, 2026				December 31, 2025
		(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents		$	116			$	164
Receivables, net			889				874
Inventories, net			1,193				1,192
Prepaid and other current assets			52				48
Total current assets			2,250				2,278
Property, plant and equipment, net			261				264
Operating right-of-use assets			161				160
Deferred income taxes			12				11
Goodwill			652				617
Intangibles, net			563				565
Other assets			28				29
Total assets		$	3,927			$	3,924
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable		$	662			$	653
Accrued liabilities			254				300
Other current liabilities			13				21
Total current liabilities			929				974
Long-term debt			571				411
Long-term operating lease liabilities			118				129
Deferred income taxes			95				99
Other long-term liabilities			71				73
Total liabilities			1,784				1,686
Commitments and contingencies
Stockholders' equity:
Common stock - par value $0.01; 330 million shares authorized; 182,671,497 and 186,125,254 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively			2				2
Additional paid-in capital			3,142				3,193
Accumulated deficit			(880	)			(836	)
Accumulated other comprehensive loss			(126	)			(126	)
DNOW Inc. stockholders' equity			2,138				2,233
Noncontrolling interests			5				5
Total stockholders' equity			2,143				2,238
Total liabilities and stockholders' equity		$	3,927			$	3,924

3

DNOW INC.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

(In millions, except per share data)

	Three months ended
	March 31,								December 31,
	2026				2025				2025
Revenue	$	1,183			$	599			$	959
Cost of products		990				461				891
Gross profit		193				138				68
Selling, general and administrative expenses		243				109				226
Impairment and other charges		—				—				12
Operating (loss) profit		(50	)			29				(170	)
Other (expense) income		(10	)			—				(6	)
(Loss) income before income taxes		(60	)			29				(176	)
Income tax (benefit) provision		(16	)			7				(29	)
Net (loss) income		(44	)			22				(147	)
Net income attributable to noncontrolling interests		—				1				—
Net (loss) income attributable to DNOW Inc.	$	(44	)		$	21			$	(147	)
(Loss) earnings per share attributable to DNOW Inc. stockholders:
Basic	$	(0.24	)		$	0.19			$	(0.95	)
Diluted	$	(0.24	)		$	0.19			$	(0.95	)
Weighted-average common shares outstanding, basic		186				106				155
Weighted-average common shares outstanding, diluted		186				107				155

4

DNOW INC.
SUPPLEMENTAL INFORMATION

BUSINESS SEGMENTS (UNAUDITED)
(In millions)

	Three months ended
	March 31,								December 31,
	2026				2025				2025
Revenue:
United States	$	985			$	474			$	765
Canada		51				62				51
International		147				63				143
Total revenue	$	1,183			$	599			$	959

U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) TO NON-GAAP RECONCILIATIONS

In an effort to provide investors with additional information regarding our results as determined by GAAP, we disclose various non-GAAP financial measures in our quarterly earnings press releases and other public disclosures. The non-GAAP financial measures include: (i) adjusted gross profit, (ii) adjusted gross profit as a percentage of revenue, (iii) adjusted earnings before interest, taxes, depreciation and amortization and excluding other costs (Adjusted EBITDA), (iv) Adjusted EBITDA as a percentage of revenue, (v) adjusted net income attributable to DNOW Inc., (vi) adjusted diluted earnings per share attributable to DNOW Inc. stockholders, (vii) net debt and (viii) net debt leverage ratio. We use these non-GAAP financial measures to evaluate and manage the Company’s operations because we believe they provide useful supplemental information regarding the financial performance of our business. These non-GAAP financial measures are not intended to replace the GAAP financial measures. The Company defines Adjusted Gross Profit as revenue, less cost of products, plus amortization of intangibles, plus inventory-related charges incremental to normal operations, plus transaction costs associated with acquisitions, such as inventory fair value step-up or write-downs and plus or minus the impact of our Last-In, First-Out (“LIFO”) inventory costing methodology. We define Adjusted EBITDA as net (loss) income plus interest, taxes, depreciation and amortization and excluding other costs, such as stock-based compensation, restructuring and exit costs, transaction-related charges, long-lived asset impairments (including goodwill and intangible assets), inventory-related charges incremental to normal operations and plus or minus the impact of our LIFO inventory costing methodology. Transaction-related charges include transaction costs, inventory fair value step-up, retention bonus accruals and integration expenses associated with acquisitions. We define Net Debt as total long-term debt, including current portion, minus cash. We define our net debt leverage ratio as Net Debt divided by trailing twelve months Adjusted EBITDA. The Company believes Net Debt is an indicator of the extent to which the Company’s outstanding debt obligations could be satisfied by cash on hand and a useful metric for investors to evaluate the Company’s leverage position. We believe the net debt leverage ratio is a commonly used metric that management and investors use to assess the borrowing capacity of the Company. A reconciliation of each of these non-GAAP financial measures to its most comparable GAAP financial measure is included in the schedules herein. Totals in the schedules herein may not foot due to rounding.

GROSS PROFIT TO ADJUSTED GROSS PROFIT RECONCILIATION (UNAUDITED)
(In millions)

	Three months ended
	March 31,													December 31,
	2026			As a % of revenue			2025			As a % of revenue				2025			As a % of revenue
Gross profit, as reported	$	193			16.3	%	$	138			23.0	%		$	68			7.1	%
Amortization of intangibles		6						2							5
Increase in LIFO reserve		16						1							9
Inventory-related transaction charges		41						—							135
Adjusted Gross Profit	$	256			21.6	%	$	141			23.5	%		$	217			22.6	%

5

NET (LOSS) INCOME ATTRIBUTABLE TO DNOW INC. STOCKHOLDERS TO ADJUSTED EBITDA RECONCILIATION (UNAUDITED)
(In millions)

	Three months ended
	March 31,													December 31,
	2026			As a % of revenue			2025(1)			As a % of revenue				2025			As a % of revenue
Net (loss) income attributable to DNOW Inc.	$	(44	)		(3.7	)%	$	21			3.5	%		$	(147	)		(15.3	)%
Net income attributable to noncontrolling interests		—						1							—
Interest expense (income), net		8						(1	)						4
Income tax (benefit) provision		(16	)					7							(29	)
Depreciation and amortization		23						11							20
Stock-based compensation (2)		4						3							4
Increase in LIFO reserve		16						1							9
Transaction-related charges (3)		5						2							51
Impairment and other charges (4)		—						—							12
Inventory-related transaction charges (5)		41						—							135
Restructuring and exit costs (3)		—						1							—
Other (6)		2						—							2
Adjusted EBITDA	$	39			3.3	%	$	46			7.7	%		$	61			6.4	%

(1)The three months ended March 31, 2025 includes a change in accounting principle adjustment decreasing the previously reported net income attributable to DNOW Inc. by $1 million.

(2)For the three months ended March 31, 2026 and 2025, stock-based compensation excludes $1 million and less than $1 million, respectively, as such amounts were reported in transaction-related charges. For the three months ended December 31, 2025, stock-based compensation excludes $13 million as such amounts were reported in transaction-related charges.

(3)Transaction-related charges and restructuring and exit costs are included in selling, general and administrative expenses.

(4)For the three months ended December 31, 2025, impairment and other charges included $12 million of foreign currency translation losses as a result of substantially completing the liquidation of certain foreign subsidiaries in the International segment.

(5)Inventory-related transaction charges are included in cost of products. For the three months ended March 31, 2026 and December 31, 2025, inventory-related transaction charges included $41 million and $135 million, respectively, of charges related to inventory step-up.

(6)For the three months ended March 31, 2026 and December 31, 2025, other costs included $2 million related to foreign currency losses in both periods.

NET (LOSS) INCOME ATTRIBUTABLE TO DNOW INC. STOCKHOLDERS TO ADJUSTED NET INCOME ATTRIBUTABLE TO DNOW INC. STOCKHOLDERS RECONCILIATION (UNAUDITED)
(In millions)

	Three months ended
	March 31,								December 31,
	2026				2025(1)				2025
Net (loss) income attributable to DNOW Inc.	$	(44	)		$	21			$	(147	)
Increase in LIFO reserve		16				1				9
Transaction-related charges		5				2				51
Impairment and other charges		—				—				12
Inventory-related transaction charges		41				—				135
Restructuring and exit costs		—				1				—
Tax benefit(2)		(15	)			(1	)			(37	)
Adjusted net income attributable to DNOW Inc.	$	3			$	24			$	23

(1)The three months ended March 31, 2025 includes a change in accounting principle adjustment decreasing the previously reported net income attributable to DNOW Inc. by $1 million.

(2)The tax effect of non-GAAP reconciling items is calculated based on the nature of the item and/or the tax jurisdiction in which the reconciling item has been incurred and applying the specific tax rate or tax treatment to each item.

6

DILUTED (LOSS) EARNINGS PER SHARE ATTRIBUTABLE TO DNOW INC. STOCKHOLDERS TO ADJUSTED DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO DNOW INC. STOCKHOLDERS RECONCILIATION (UNAUDITED)

	Three months ended
	March 31,								December 31,
	2026				2025(1)				2025
Diluted (loss) earnings per share attributable to DNOW Inc. stockholders	$	(0.24	)		$	0.19			$	(0.95	)
Increase in LIFO reserve		0.08				0.01				0.06
Transaction-related charges		0.03				0.02				0.33
Impairment and other charges		—				—				0.08
Inventory-related transaction charges		0.22				—				0.87
Restructuring and exit costs		—				0.01				—
Tax benefit(2)		(0.08	)			(0.01	)			(0.24	)
Adjusted diluted earnings per share attributable to DNOW Inc. stockholders	$	0.01			$	0.22			$	0.15

(1)The three months ended March 31, 2025 includes a change in accounting principle adjustment decreasing the previously reported diluted earnings per share attributable to DNOW Inc. stockholders by $0.01.

(2)The tax effect of non-GAAP reconciling items is calculated based on the nature of the item and/or the tax jurisdiction in which the reconciling item has been incurred and applying the specific tax rate or tax treatment to each item.

LONG-TERM DEBT TO NET DEBT AND NET DEBT LEVERAGE RATIO CALCULATION (UNAUDITED)
(In millions)

		March 31,
		2026
Long-term debt		$	571
Plus: current portion of debt obligations			—
Total debt			571
Less: cash			116
Net Debt		$	455
Net Debt		$	455
Trailing twelve months Adjusted EBITDA			202
Net Debt Leverage Ratio		2.3x

7

FAQ

How did DNOW (DNOW) perform financially in Q1 2026?

DNOW reported Q1 2026 revenue of $1,183 million and a GAAP net loss of $44 million, or ($0.24) per diluted share. On an adjusted basis, net income was $3 million and adjusted diluted earnings per share were $0.01.

What was DNOW (DNOW) Adjusted EBITDA and margin for Q1 2026?

DNOW reported Q1 2026 Adjusted EBITDA of $39 million, representing 3.3% of revenue. This measure adds back interest, taxes, depreciation, amortization and specified non-recurring items, providing a view of underlying operating performance separate from GAAP net income.

What capital allocation actions did DNOW (DNOW) take in Q1 2026?

During Q1 2026, DNOW repurchased $50 million of common stock under its $160 million share repurchase program. It also completed the $46 million acquisition of Edge Controls, enhancing its automation and controls capabilities in U.S. Process Solutions.

What is DNOW (DNOW) liquidity and debt position as of March 31, 2026?

As of March 31, 2026, DNOW held $116 million in cash and cash equivalents and had $571 million of long-term debt. Net Debt was $455 million, and the company reported a Net Debt leverage ratio of 2.3x, based on trailing twelve months Adjusted EBITDA of $202 million.

How did non-GAAP adjustments affect DNOW (DNOW) Q1 2026 results?

Non-GAAP adjustments in Q1 2026 included a $16 million increase in the LIFO reserve, $5 million of transaction-related charges, and $41 million of inventory-related transaction charges. These items turned a GAAP net loss of $44 million into adjusted net income of $3 million.

What strategic initiatives did DNOW (DNOW) highlight for Q1 2026?

Management emphasized integration progress with the MRC Global acquisition, diversification across upstream, midstream, gas utility and data center markets, and the Edge Controls acquisition. They also noted targeted actions to improve ERP system performance and pursue operational efficiencies supporting long-term earnings growth.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 505.7 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 23.3 KB