secwatch.observer — SEC 8-K summary
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Issuer:     DNOW Inc. (DNOW)
CIK:        0001599617
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001193125-24-195396
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599617/000119312524195396/0001193125-24-195396-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599617/000119312524195396/d834357d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-195396

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