earnings
confidence high
sentiment positive
materiality 0.75
NOW Inc. Q1 2022: Rev $473M, EPS $0.27; raises FY22 revenue growth guidance to 20%
DNOW Inc.
2022-Q1 EPS reported
$0.27
revenue$473,000,000
- Revenue $473M, net income $30M ($0.27 diluted EPS); non-GAAP EPS $0.14.
- Non-GAAP EBITDA $28M (5.9% of revenue); cash $293M, long-term debt zero.
- Raising FY2022 revenue growth guidance to 20% with EBITDA incrementals ~20% vs FY2021.
- CEO cites transformation driving sequential and YoY EBITDA incrementals >20%.