NOW Inc. reports Q2 2021 revenue $400M, net loss $2M, zero debt

DNOW Inc.

2021-Q2 EPS reported -$0.11 revenue$761,000,000

Revenue $400M, sequential growth 11%; record gross margins.
Net loss $2M ($0.02 diluted loss per share); non-GAAP net income nil.
Non-GAAP EBITDA excluding other costs $6M; free cash flow $7M.
Cash $293M, total liquidity $528M, no long-term debt.
CEO cites stronger-than-anticipated performance, positioning for organic and inorganic growth.

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