secwatch.observer — SEC 8-K summary
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Issuer:     DNOW Inc. (DNOW)
CIK:        0001599617
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001193125-24-135723
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599617/000119312524135723/0001193125-24-135723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599617/000119312524135723/d778223d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-135723

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer