secwatch.observer — SEC 8-K summary
======================================

Issuer:     DNOW Inc. (DNOW)
CIK:        0001599617
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001193125-23-135035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599617/000119312523135035/0001193125-23-135035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599617/000119312523135035/d272669d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-135035

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