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AI brief of an SEC Form 8-K · NOW (DNOW)

DNOW Q3 revenue rises to $588 million; net income falls to $35 million

Mixed Impact 3 of 5 earnings Written later

DNOW reported third-quarter 2023 results for the period ended September 30, 2023. Revenue rose to $588 million from $577 million a year earlier, but net income attributable to NOW Inc. fell to $35 million from $40 million, and diluted EPS fell to $0.32 from $0.35. The company said it had no long-term debt and $547 million of total liquidity, and it repurchased $5 million of common stock in the quarter.

Key points

  • Revenue of $588 million in Q3 2023, versus $577 million in Q3 2022
  • Net income attributable to NOW Inc. of $35 million, versus $40 million a year earlier; diluted EPS of $0.32, versus $0.35
  • Non-GAAP diluted EPS excluding other costs of $0.25, versus $0.30 a year earlier
  • Cash and cash equivalents of $194 million, zero long-term debt and total liquidity of approximately $547 million at September 30, 2023

The filing

CompanyNOW (DNOW)
Form8-K, current report
Filed with the SECNov 2, 2023, 7:04 AM ET
Accession number0001193125-23-268804

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.