DNOW reports Q2 2024 revenue $633M, net income $24M, EBITDA $50M, cash $197M with zero debt

DNOW Inc.

2024-Q2 EPS reported $0.41 revenue$1,196,000,000

Net income attributable to DNOW of $24M ($0.21 diluted EPS); non-GAAP net income $28M ($0.25 diluted EPS).
EBITDA excluding other costs $50M (7.9% of revenue); cash from operations $21M in Q2, $211M trailing four quarters.
Repurchased $10M of common stock during Q2; $80M repurchase program expected to be completed this year.
Cash and cash equivalents $197M, long-term debt zero, total liquidity approximately $579M at June 30, 2024.
CEO cited growth in a challenging market and focus on midstream, energy evolution, and adjacent industrial markets.

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