DNOW reports Q1 revenue $563M, EPS $0.19; acquires Whitco Supply for $185M; upgrades FY outlook

DNOW Inc.

2024-Q1 EPS reported $0.19 revenue$563,000,000

Q1 revenue $563M; net income $21M ($0.19 diluted); non-GAAP EPS $0.21.
Acquired Whitco Supply LLC for $185M cash, enhancing U.S. midstream market position.
Cash from operations $81M in Q1, $275M trailing 4 quarters; cash $188M, debt zero.
Upgraded 2024 outlook: revenue growth mid-to-high single digit; Q2 revenue up 10-15% sequentially.
Free cash flow target now ~$200M for 2024 (up from $150M).

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 first quarter ended March 31, 2024 results: revenue $563 million, net income $21 million, EPS $0.19 per diluted share. Guidance raised.

Period: the first quarter ended March 31, 2024
Revenue: $563 million
Net income: $21 million
EPS: $0.19 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

• Cash provided by operating activities was $81 million for the first quarter of 2024 and $275 million for the trailing four quarters ending March 31, 2024 • Revenue was $563 million for the first quarter of 2024 • Net income attributable to DNOW Inc. was $21 million, or $0.19 per diluted share, for the first quarter of 2024 • Non-GAAP net income attributable

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Source: SEC EDGAR

accession 0001193125-24-135723

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