secwatch.observer — SEC 8-K summary
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Issuer:     DNOW Inc. (DNOW)
CIK:        0001599617
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0001193125-26-060320
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599617/000119312526060320/0001193125-26-060320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599617/000119312526060320/d115352d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-060320

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