NOW Inc. Q2 2023: EPS $0.31, revenue $594M, free cash flow $79M, completes two acquisitions

DNOW Inc.

2023-Q2 EPS reported $0.59 revenue$1,178,000,000

Revenue $594M; net income $34M ($0.31 diluted EPS); non-GAAP EPS $0.25.
EBITDA $47M (7.9% of revenue); free cash flow $79M; cash $203M with zero debt and $584M liquidity.
Two acquisitions completed for $33M cash; repurchased $8M of common stock.
International segment grew 22% YoY; first half most profitable as a public company.

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 second quarter ended June 30, 2023 results: revenue $594 million, net income $34 million, EPS $0.31.

Period: second quarter ended June 30, 2023
Revenue: $594 million
Net income: $34 million
EPS: $0.31
Result: reported results

Exact text from the filing

NOW Inc. (NYSE: DNOW) announced results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights • Revenue was $594 million for the second quarter of 2023 • Net income attributable to NOW Inc. was $34 million and non-GAAP net income attributable to NOW Inc. excluding other costs was $27 million for the second quarter of 2023 • Diluted earnings per share attributable to NOW Inc. stockholders was $0.31 and non-GAAP diluted earnings per share attributable to NOW Inc. stockholders excluding other costs was $0.25 for the second quarter of 2023

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Source: SEC EDGAR

accession 0001193125-23-201123

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