---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-135035"
form_type: "8-K"
ticker: "DNOW"
cik: "0001599617"
company_name: "DNOW Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:03:10.840303+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-135035
- form_type: 8-K
- ticker: DNOW
- cik: 0001599617
- company_name: DNOW Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1599617/000119312523135035/0001193125-23-135035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1599617/000119312523135035/d272669d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-135035
- JSON: https://secwatch.observer/filing/0001193125-23-135035.json
- Plain text: https://secwatch.observer/filing/0001193125-23-135035.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1599617/000119312523135035/0001193125-23-135035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.