secwatch.observer — SEC 8-K summary
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Issuer:     DNOW Inc. (DNOW)
CIK:        0001599617
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001193125-24-037016
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599617/000119312524037016/0001193125-24-037016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599617/000119312524037016/d780586d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-037016

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