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

DNOW Q2 revenue rises to $633 million; GAAP diluted EPS falls to $0.21

Mixed Impact 3 of 5 earnings Written later

DNOW Inc. reported second-quarter 2024 results for the quarter ended June 30, 2024. Revenue rose from $594 million a year earlier, but GAAP net income attributable to DNOW fell from $34 million to $24 million, and diluted EPS fell from $0.31 to $0.21, while non-GAAP diluted EPS held at $0.25.

Key points

  • Q2 2024 revenue was $633 million, compared with $594 million in Q2 2023.
  • GAAP diluted EPS was $0.21, compared with $0.31 in Q2 2023; non-GAAP diluted EPS excluding other costs was $0.25, unchanged from the prior year.
  • EBITDA excluding other costs was $50 million, or 7.9% of revenue, compared with $47 million in Q2 2023.
  • Cash and cash equivalents were $197 million with zero long-term debt at June 30, 2024; the company repurchased $10 million of stock in the quarter and expects to complete its $80 million buyback program this year.

The filing

CompanyNOW (DNOW)
Form8-K, current report
Filed with the SECAug 7, 2024, 7:03 AM ET
Accession number0001193125-24-195396

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 August 07, 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.