secwatch.observer — SEC 8-K summary
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Issuer:     DNOW Inc. (DNOW)
CIK:        0001599617
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001193125-25-173981
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DNOW Q2 revenue $628M, net income $25M; EBITDA $51M best Q2 ever; reaffirms FY guidance
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- Revenue $628M, up 5% sequentially; net income $25M ($0.23 diluted EPS); non-GAAP EPS $0.27.
- EBITDA excluding other costs $51M (8.1% of revenue), highest second-quarter EBITDA as public company.
- Cash from operations $45M in Q2, $225M trailing four quarters; repurchased $19M stock in Q2.
- Cash $232M, zero debt, liquidity ~$582M; reaffirms FY2025 revenue/EBITDA guidance and $150M FCF target.
- Announced on June 26 all-stock merger with MRC Global valued ~$1.5B; expected closing Q4 2025 subject to approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599617/000119312525173981/0001193125-25-173981-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599617/000119312525173981/d84647d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-173981

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