NOW Inc. Q4 2021 revenue $432M, net income $12M, EBITDA $17M, zero debt

DNOW Inc.

2021-FY EPS reported $0.05 revenue$1,632,000,000

Revenue $432M for Q4 2021; net income $12M ($0.11 diluted EPS); non-GAAP net income $8M ($0.07).
Full-year EBITDA excluding stock comp expanded $92M on $13M revenue growth; highest gross margins in history.
Cash and equivalents $313M; long-term debt zero at Dec 31, 2021.
Warehousing, selling & admin expenses reduced $50M YoY.
Adjusted EBITDA definition now excludes non-cash stock comp; prior periods restated.

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