DNOW reports Q4 revenue $555M, record annual EBITDA $184M, plans Whitco Supply acquisition

DNOW Inc.

2023-FY EPS reported $2.24 revenue$2,321,000,000

Q4 net income $147M ($1.35 diluted GAAP EPS) includes $126M non-cash deferred tax benefit; non-GAAP EPS $0.22.
Full-year EBITDA excluding other costs $184M (7.9% of revenue); free cash flow $171M, more than double initial guidance.
Cash & equivalents $299M, zero long-term debt, total liquidity ~$626M at year-end.
Agreed to acquire Whitco Supply (no terms disclosed); CEO cites enhanced earnings, free cash flow and shareholder value.
Targeting $150M free cash flow in 2024; U.S. Process Solutions delivered double-digit revenue growth.

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 0.95

DNOW Inc. reported quarter and full year ended December 31, 2023 results: revenue $555 million, net income $147 million, EPS $1.35 per diluted share.

Period: quarter and full year ended December 31, 2023
Revenue: $555 million
Net income: $147 million
EPS: $1.35 per diluted share
Result: reported results

Exact text from the filing

31, 2023. Financial Highlights • Cash provided by operating activities was $105 million for the fourth quarter of 2023 and $188 million for the full-year 2023 • Revenue was $555 million for the fourth quarter of 2023 • Net income attributable to DNOW Inc. was $147 million, or $1.35 per diluted share, for the fourth quarter of 2023, which included a non-cash

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Source: SEC EDGAR

accession 0001193125-24-037016

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