A director at Dnow Inc sold 26,186 shares at 15.350USD and the significance rating of the trade was 63/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showin...
HOUSTON--(BUSINESS WIRE)-- DNOW Inc. (NYSE: DNOW) announced it has completed its all-cash acquisition of Trojan Rentals, LLC (“Trojan”), a leading provider of pump rentals, automation technology and sales of layflat hose and other associated equipment to support customers’ water sourcing, transfer, recycling and treatment requirements. David Cherechinsky, President and CEO of DNOW noted, “Trojan’s reputation for a customer-first mindset, coupled with its highly sought after products and solutions, enables water management customers to deliver critical water infrastructure services to the ind...
HOUSTON--(BUSINESS WIRE)-- DNOW Inc. (NYSE: DNOW) announced results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenue was $606 million for the third quarter of 2024 Net income attributable to DNOW Inc. was $13 million, or $0.12 per diluted share, for the third quarter of 2024 Non-GAAP net income attributable to DNOW Inc. excluding other costs was $22 million, or $0.21 per diluted share, for the third quarter of 2024 EBITDA excluding other costs was $42 million or 6.9% of revenue for the third quarter of 2024 Cash provided by operating activities ...
HOUSTON--(BUSINESS WIRE)-- DNOW Inc. (NYSE:DNOW) has scheduled a conference call to discuss the results for the third quarter of 2024 on Thursday, November 7, 2024 at 8:00 am (US Central Time). Financial results for the third quarter ending on September 30, 2024 are expected to be released that morning before the market opens. The call will be broadcast through the Investor Relations link on DNOW’s web site at on a listen-only basis. Listeners should log in prior to the start of the call to register for the webcast. A replay of the call will be available online for thirty days following the ...
HOUSTON--(BUSINESS WIRE)-- DNOW Inc. (NYSE: DNOW) announced results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Revenue was $633 million for the second quarter of 2024 Net income attributable to DNOW Inc. was $24 million, or $0.21 per diluted share, for the second quarter of 2024 Non-GAAP net income attributable to DNOW Inc. excluding other costs was $28 million, or $0.25 per diluted share, for the second quarter of 2024 EBITDA excluding other costs was $50 million or 7.9% of revenue for the second quarter of 2024 Cash provided by operating acti...
HOUSTON--(BUSINESS WIRE)-- DNOW Inc. (NYSE:DNOW) has scheduled a conference call to discuss the results for the second quarter of 2024 on Wednesday, August 7, 2024 at 8:00 am (US Central Time). Financial results for the second quarter ending on June 30, 2024 are expected to be released that morning before the market opens. The call will be broadcast through the Investor Relations link on DNOW’s web site at on a listen-only basis. Listeners should log in prior to the start of the call to register for the webcast. A replay of the call will be available online for thirty days following the con...
The 1Q24 Whitco Supply acquisition diversified DNOW’s customer base and added new revenue opportunities in the midstream markets. Management now expects FY24 revenue to increase in the mid- to high single digits range from FY23 and for adjusted EBITDA margin to be in line with FY23. Management lifted its FY24 free cash flow outlook to ~$200 million from ~$150 million. A full-quarter contribution from Whitco is expected to underpin a 10-15% Q/Q revenue increase in 2Q24. 2Q24 adjusted EBITDA margi...
HOUSTON--(BUSINESS WIRE)-- DNOW Inc. (NYSE: DNOW) announced results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Cash provided by operating activities was $81 million for the first quarter of 2024 and $275 million for the trailing four quarters ending March 31, 2024 Revenue was $563 million for the first quarter of 2024 Net income attributable to DNOW Inc. was $21 million, or $0.19 per diluted share, for the first quarter of 2024 Non-GAAP net income attributable to DNOW Inc. excluding other costs was $23 million, or $0.21 per diluted share, for the fi...
HOUSTON--(BUSINESS WIRE)-- DNOW Inc. (NYSE:DNOW) has scheduled a conference call to discuss the results for the first quarter of 2024 on Friday, May 10, 2024 at 8:00 am (US Central Time). Financial results for the first quarter ending on March 31, 2024 are expected to be released that morning before the market opens. The call will be broadcast through the Investor Relations link on DNOW’s web site at on a listen-only basis. Listeners should log in prior to the start of the call to register for the webcast. A replay of the call will be available online for thirty days following the conferenc...
HOUSTON--(BUSINESS WIRE)-- DNOW Inc. (NYSE: DNOW) announced today it has completed its all-cash acquisition of Whitco Supply, LLC, after the conclusion of the regulatory approval process and other customary closing conditions. The acquisition of Whitco Supply enhances DNOW's capabilities and position in the midstream, E&P and targeted adjacent markets that have been core to the company’s growth strategy, while increasing the company’s earnings and free cash flow capacity. The deployment of capital strategically aligns with and reinforces the company’s commitment to increase long-term value f...
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HOUSTON--(BUSINESS WIRE)-- DNOW Inc. (NYSE: DNOW) announced results for the fourth quarter and full-year ended December 31, 2023. Financial Highlights Cash provided by operating activities was $105 million for the fourth quarter of 2023 and $188 million for the full-year 2023 Revenue was $555 million for the fourth quarter of 2023 Net income attributable to DNOW Inc. was $147 million, or $1.35 per diluted share, for the fourth quarter of 2023, which included a non-cash deferred tax benefit of $126 million from the release of valuation allowances on deferred tax assets Non-GAAP ne...
HOUSTON--(BUSINESS WIRE)-- DNOW Inc. (NYSE: DNOW) announced today it has entered into an agreement to acquire Whitco Supply, LLC in an all-cash transaction, subject to regulatory approvals and other customary closing conditions. David Cherechinsky, President and CEO of DNOW, added, “The acquisition of Whitco Supply aligns with our strategic objectives to diversify end-markets and is the result of our patient, disciplined approach to capital allocation. This transaction enhances our earnings and free cash flow profile and strengthens our ability to increase shareholder value.” “Whitco Suppl...
HOUSTON--(BUSINESS WIRE)-- DNOW Inc. (NYSE:DNOW) has scheduled a conference call to discuss the results for the fourth quarter and full-year 2023 on Thursday, February 15, 2024 at 8:00 am (US Central Time). Financial results for the fourth quarter and the year ending December 31, 2023 are expected to be released that morning before the market opens. The call will be broadcast through the Investor Relations link on DNOW Inc.’s web site at on a listen-only basis. Listeners should log in prior to the start of the call to register for the webcast. A replay of the call will be available online f...
HOUSTON--(BUSINESS WIRE)-- NOW Inc. (the “Company”) (NYSE: DNOW) announced today plans to change its corporate legal name to ‘DNOW Inc.’, effective January 19, 2024. The Company’s ticker symbol, “DNOW”, will remain unchanged. “The decision to harmonize our name and brand is underpinned by our commitment to elevate and distinguish DNOW as a solutions-based products and services provider. We are widely recognized as DNOW and the change of the Company’s corporate legal name is a natural step in unifying our identity in the marketplace,” stated David Cherechinsky, President and CEO of DNOW. Ab...
DNOW’s business has been resilient in the face of a declining US rig count through the first three quarters of 2023. 3Q23 US revenue was $448 million, 3% higher than 3Q22 despite an 11% fall in the average rig count. On a per rig basis, US 3Q23 revenue averaged ~$689,000, a 20% Y/Y gain. The gain reflects increased market share driven by DNOW’s Supercenter fulfillment model in major producing regions. Management expects FY23 revenue to increase ~8% Y/Y at the low end of prior guidance and adjust...
HOUSTON--(BUSINESS WIRE)-- NOW Inc. (NYSE: DNOW) announced results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights Revenue was $588 million for the third quarter of 2023 Net income attributable to NOW Inc. was $35 million and non-GAAP net income attributable to NOW Inc. excluding other costs was $28 million for the third quarter of 2023 Diluted earnings per share attributable to NOW Inc. stockholders was $0.32 and non-GAAP diluted earnings per share attributable to NOW Inc. stockholders excluding other costs was $0.25 for the third quarter of ...
HOUSTON--(BUSINESS WIRE)-- NOW Inc. (NYSE:DNOW) has scheduled a conference call to discuss the results for the third quarter of 2023 on Thursday, November 2, 2023 at 8:00 am (US Central Time). Financial results for the third quarter ending on September 30, 2023 are expected to be released that morning before the market opens. The call will be broadcast through the Investor Relations link on NOW Inc.’s web site at on a listen-only basis. Listeners should log in prior to the start of the call to register for the webcast. A replay of the call will be available online for thirty days following ...
We hosted a fireside chat with DNOW on September 12, 2023. We were joined by President and Chief Executive Officer David Cherechinsky and Vice President Digital Strategy and Investor Relations Brad Wise. The conversation is available on-demand in our full report accessible below. The report includes the transcript. DNOW’s transformed fulfillment model is driving sustainable earnings traction as the company increases its market share. Regional supercenters in major producing regions enable custom...
We are hosting a fireside chat with DistributionNOW’s President & CEO David Cherechinsky and Vice President Digital Strategy & Investor Relations Brad Wise on Tuesday, September 12, 2023, at 1:00 pm ET. DistributionNOW is a global distribution company serving customer needs across all segments of the energy value chain and other industries, including chemical processing, mining, utilities, and renewables. The company’s goal is to be recognized as the market leader in supply chain management for ...
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