secwatch.observer — SEC 8-K summary
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Issuer:     DNOW Inc. (DNOW)
CIK:        0001599617
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001193125-22-044877
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599617/000119312522044877/0001193125-22-044877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599617/000119312522044877/d216669d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-044877

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer