Every material Form 8-K NOW filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
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.
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.
DNOW reported first-quarter 2024 revenue of $563 million and diluted EPS of $0.19, down from $584 million and $0.28 in the year-earlier quarter. The company raised its full-year 2024 revenue outlook to mid-to-high single digit percentage growth and expects second-quarter revenue to rise 10% to 15% sequentially, while it completed the $185 million Whitco Supply acquisition and ended the quarter with no long-term debt.
Revenue was $563 million in Q1 2024, versus $584 million in Q1 2023.
Net income attributable to DNOW was $21 million, or $0.19 per diluted share, versus $31 million, or $0.28, a year earlier.
Full-year 2024 outlook raised to revenue growth in the mid-to-high single digit percentage range; second-quarter revenue expected to rise 10% to 15% sequentially.
Completed Whitco Supply acquisition for $185 million in cash; cash was $188 million and long-term debt was zero at March 31, 2024.
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.
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.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every NOW filing is on SEC EDGAR ↗. 8-K briefs of other companies →