NOW Inc. Q1 2023: Revenue $584M (up 7% seq), EPS $0.28, share buyback $36M, two acquisitions completed

DNOW Inc.

2023-Q1 EPS reported $0.28 revenue$584,000,000

Revenue $584M, up 7% sequentially despite lower U.S. rig counts and weaker oil/gas prices.
Diluted EPS $0.28 (non-GAAP $0.25); EBITDA $47M (8.0% of revenue).
Repurchased ~3M shares for $36M in Q1; $168M cash, zero debt, $555M liquidity.
International segment posted 28% sequential revenue growth; operating profit highest since 2014.
After quarter-end, completed two acquisitions strengthening U.S. Process Solutions business.

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 0.9

DNOW Inc. reported first quarter ended March 31, 2023 results: revenue $584 million, net income $31 million, EPS $0.28.

Period: first quarter ended March 31, 2023
Revenue: $584 million
Net income: $31 million
EPS: $0.28
Result: reported results

Exact text from the filing

NOW Inc. (NYSE: DNOW) announced results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights • Revenue was $584 million for the first quarter of 2023 • Net income attributable to NOW Inc. was $31 million and non-GAAP net income attributable to NOW Inc. excluding other costs was $28 million for the first quarter of 2023 • Diluted earnings per share attributable to NOW Inc. stockholders was $0.28 and non-GAAP diluted earnings per share attributable to NOW Inc. stockholders excluding other costs was $0.25 for the first quarter of 2023

View on SEC.gov

Browse all earnings releases →

DNOW Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-135035

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.