NOW Inc. Q3 2022 revenue $577M, net income $40M, EPS $0.35; zero debt

DNOW Inc.

2022-Q3 EPS reported $0.85 revenue$1,589,000,000

Revenue $577M; net income $40M; diluted EPS $0.35.
Non-GAAP net income $34M; non-GAAP diluted EPS $0.30.
Non-GAAP EBITDA $53M (9.2% of revenue), a first-time margin milestone.
Free cash flow $44M in Q3; cash and equivalents $267M; long-term debt zero.
Repurchased $4M of common stock under share repurchase program.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DNOW Inc. reported third quarter ended September 30, 2022 results: revenue $577 million, net income $40 million, EPS $0.35.

Period: third quarter ended September 30, 2022
Revenue: $577 million
Net income: $40 million
EPS: $0.35
Result: reported results

Exact text from the filing

HOUSTON, TX, November 2, 2022 – NOW Inc. (NYSE: DNOW) announced results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Highlights • Revenue was $577 million for the third quarter of 2022 • Net income attributable to NOW Inc. was $40 million and non-GAAP net income attributable to NOW Inc. excluding other costs was $34 million for the third quarter of 2022 • Diluted earnings per share attributable to NOW Inc. stockholders was $0.35 and non-GAAP diluted earnings per share attributable to NOW Inc. stockholders excluding other costs was $0.30 for the third quarter of 2022

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Source: SEC EDGAR

accession 0001193125-22-275402

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