NOW Inc. Q3 net income $35M ($0.32 EPS); revenue $588M; debt-free balance sheet

DNOW Inc.

2023-Q3 EPS reported $0.90 revenue$1,766,000,000

Revenue $588M for Q3 2023; net income attributable to NOW Inc. $35M.
Diluted EPS $0.32; non-GAAP diluted EPS excluding other costs $0.25.
EBITDA excluding other costs $46M (7.8% of revenue).
Cash $194M; no long-term debt; total liquidity ~$547M; repurchased $5M of stock in Q3.
Management cites best year-to-date earnings since going public; expects U.S. growth in 2024.

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 the third quarter ended September 30, 2023 results: revenue $588 million, net income $35 million, EPS $0.32.

Period: the third quarter ended September 30, 2023
Revenue: $588 million
Net income: $35 million
EPS: $0.32
Result: reported results

Exact text from the filing

Third Quarter 2023 Financial Highlights • Revenue was $588 million for the third quarter of 2023 • Net income attributable to NOW Inc. was $35 million and non-GAAP net income attributable to NOW Inc. excluding other costs was $28 million for the third quarter of 2023 • Diluted earnings per share attributable to NOW Inc. stockholders was $0.32 and non-GAAP diluted earnings per share attributable to NOW Inc. stockholders excluding other costs was $0.25 for the third quarter of 2023

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Source: SEC EDGAR

accession 0001193125-23-268804

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