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

DNOW Q4 revenue rose to $555 million; GAAP profit boosted by $126 million tax benefit

Mixed Impact 3 of 5 earnings Written later

DNOW reported fourth-quarter and full-year 2023 results. Revenue rose to $555 million in the quarter from $547 million a year earlier, and full-year revenue reached $2.321 billion, up $185 million or 9%. GAAP diluted EPS was $1.35 for the quarter, but that figure includes a non-cash $126 million deferred tax benefit; excluding other costs, diluted EPS was $0.22 versus $0.25 a year earlier.

Key points

  • Q4 2023 revenue was $555 million, compared with $547 million in Q4 2022.
  • Q4 GAAP net income attributable to DNOW was $147 million, or $1.35 per diluted share, including a $126 million non-cash deferred tax benefit.
  • Excluding other costs, Q4 diluted EPS was $0.22, compared with $0.25 in Q4 2022.
  • Full-year 2023 free cash flow was $171 million; the company is targeting $150 million in 2024.

The filing

CompanyNOW (DNOW)
Form8-K, current report
Filed with the SECFeb 15, 2024, 6:54 AM ET
Accession number0001193125-24-037016

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 February 15, 2024.

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.