DNOW Q3 revenue rises to $606 million, but net income falls to $13 million
DNOW Inc. reported third quarter 2024 revenue of $606 million, up from $588 million a year earlier, but net income attributable to the company fell to $13 million, or $0.12 per diluted share, from $35 million, or $0.32 per share, in the same quarter of 2023. Excluding other costs, which mainly included International restructuring charges of $8 million, diluted earnings per share were $0.21 compared with $0.25 a year earlier.
Key points
- Revenue was $606 million for the quarter ended September 30, 2024, compared with $588 million a year earlier and $633 million in the prior quarter.
- GAAP diluted EPS was $0.12, compared with $0.32 in the third quarter of 2023; non-GAAP diluted EPS excluding other costs was $0.21, compared with $0.25.
- Cash provided by operating activities was $74 million for the quarter; the company repurchased $7 million of common stock and had $261 million in cash and no long-term debt at September 30, 2024.
The filing
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 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.