---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-060320"
form_type: "8-K"
ticker: "DNOW"
cik: "0001599617"
company_name: "DNOW Inc."
filed_at: "2026-02-20T23:59:59+00:00"
generated_at: "2026-05-16T01:27:28.501005+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# DNOW reports FY 2025 revenue $2.82B, adjusted EPS $0.86; MRC merger synergies ahead of plan

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-060320
- form_type: 8-K
- ticker: DNOW
- cik: 0001599617
- company_name: DNOW Inc.
- filed_at: 2026-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1599617/000119312526060320/0001193125-26-060320-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1599617/000119312526060320/d115352d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-060320
- JSON: https://secwatch.observer/filing/0001193125-26-060320.json
- Plain text: https://secwatch.observer/filing/0001193125-26-060320.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.