earnings
confidence high
sentiment neutral
materiality 0.80
DNOW reports FY 2025 revenue $2.82B, adjusted EPS $0.86; MRC merger synergies ahead of plan
DNOW Inc.
2025-FY EPS reported
-$0.76
revenue$2,820,000,000
- Q4 revenue $959M; Q4 adjusted net income $23M ($0.15 EPS); FY adjusted net income $104M ($0.86 EPS).
- Adjusted EBITDA FY $209M (7.4% of revenue); Q4 $61M (6.4%).
- First-year merger cost synergies now projected at $23M, 35% above original target, maintaining $70M three-year commitment.
- Repurchased $37M of common stock in FY, $10M in Q4; cash $164M, long-term debt $411M at year-end.
- Management cites near-term obstacles from U.S. MRC Global ERP system transition, actively addressing them.