Now Inc earnings missed by $0.01, revenue fell short of estimates
Now Inc (NYSE: DNOW) reported fourth-quarter earnings below analyst estimates, with an EPS of $0.150 against an expected $0.160. Revenue also fell short, coming in at $959M compared to the consensus estimate of $987.67M. The company's stock price has seen a 17.950% increase in the last three months but a 6.140% decrease over the past 12 months.
Now Inc earnings missed by $0.01, revenue fell short of estimates
Now Inc (NYSE: DNOW) reported fourth-quarter EPS of $0.150, missing analyst estimates by $0.01, and revenue of $959M, falling short of the $987.67M consensus. The company's stock price closed at $16.36, showing a 17.950% increase in the last three months but a -6.140% decrease over the last 12 months. InvestingPro assesses Now Inc's financial health as "good performance."
Now Inc set to report first earnings after MRC acquisition By Investing.com
Now Inc (DNOW) is preparing to release its first earnings report since acquiring MRC Global for $1.5 billion in November. Analysts anticipate a 36% year-over-year decline in profit but a 73% surge in sales, driven by the integration of MRC Global's operations. Investors will be closely watching the company's commentary on integration execution and progress towards its $70 million cost synergy target.
Now Inc set to report first earnings after MRC acquisition By Investing.com
Now Inc (DNOW) is set to release its first earnings report since acquiring MRC Global for $1.5 billion. Analysts project a 36% year-over-year profit decline but a 73% surge in sales due to the acquisition. Investors will be focused on the integration's execution and commentary on achieving $70 million in annual cost synergies.
Now Inc stock rating reiterated at Buy by Stifel amid mixed survey results
Stifel reiterated its Buy rating for Now Inc (NYSE:DNOW) with an $18 price target, indicating a 26% upside. This decision followed a quarterly survey of PVF markets, which showed slight weakening in Q4 2025 but a stronger outlook for the next twelve months. The company maintains an "Overall Good" financial health rating from InvestingPro and recently acquired MRC Global, a move that analysts believe strengthens its market position.
Now Inc stock rating reiterated at Buy by Stifel amid mixed survey results
Stifel reiterated its Buy rating and $18.00 price target for Now Inc (NYSE:DNOW), citing the stock's undervaluation and strong financial health despite mixed survey results regarding its end markets. The company recently completed the acquisition of MRC Global, further solidifying its market position. Analysts project profitability for DNOW this year, with earnings scheduled for February 12th.
Ação da Now Inc é iniciada com classificação de Compra pela Texas Capital Securities
Texas Capital Securities initiated coverage on Now Inc (NYSE:DNOW) with a Buy rating and a $19.00 price target. The company, a global distributor of energy and industrial equipment, recently completed the acquisition of MRC Global, strengthening its market position. Analysts anticipate solid growth and cash flow generation, with InvestingPro confirming the company's strong financial health.
Now Inc stock initiated with Buy rating at Texas Capital Securities
Texas Capital Securities initiated coverage on Now Inc (NYSE:DNOW) with a Buy rating and a $19.00 price target, identifying it as the largest global distributor of energy and industrial equipment. The firm highlighted the company's scale, digital offerings, and automation capabilities as key advantages, expecting solid growth and cash flow generation. This comes amidst Now Inc's recent acquisition of MRC Global and a recent upgrade to Positive by Susquehanna.
Now Inc stock initiated with Buy rating at Texas Capital Securities
Texas Capital Securities has initiated coverage on Now Inc (NYSE:DNOW) with a Buy rating and a $19.00 price target, citing the company's position as the largest global distributor of energy and industrial equipment. The firm highlighted Now Inc's scale, digital offerings, and automation capabilities as key advantages, expecting cost synergies and cross-selling opportunities to drive growth, especially following its acquisition of MRC Global. InvestingPro data also supports the company's financial strength with a "GOOD" overall health score.
Now Inc stock initiated with Buy rating at Texas Capital Securities
Texas Capital Securities has initiated coverage on Now Inc (NYSE:DNOW) with a Buy rating and a price target of $19.00, citing the company's scale, digital offerings, and automation capabilities as key advantages. The firm expects strong growth and cash flow driven by cost synergies and cross-selling opportunities, noting the company's financial strength and recent acquisition of MRC Global. Now Inc recently reported Q3 2025 EPS that exceeded forecasts, despite slightly missing revenue estimates.
Now Inc stock initiated with Buy rating at Texas Capital Securities
Texas Capital Securities has initiated coverage on Now Inc (NYSE:DNOW) with a Buy rating and a $19.00 price target, citing the company's strong market position post-MRC Global acquisition, digital offerings, and automation capabilities. The firm expects solid growth driven by cost synergies and cross-selling, with InvestingPro data confirming Now Inc's strong financial health and minimal debt. This move comes as Now Inc recently completed its acquisition of MRC Global and reported strong Q3 2025 earnings.
Now Inc stock hits 52-week low at 12.55 USD
Now Inc. (DNOW) stock has fallen to a new 52-week low of $12.55, representing a 13.33% decrease over the past year. Despite the downturn, the company remains profitable with a P/E ratio of 14.58 and a strong cash position, and recently completed the acquisition of MRC Global Inc., expanding its market reach. Investors are closely watching DNOW's future performance following its Q3 2025 earnings report, which showed an EPS beat but a slight revenue miss.
Earnings call transcript: Now Inc Q3 2025 beats EPS forecast, stock drops
Now Inc (DNOW) announced its Q3 2025 earnings, reporting an EPS of $0.26, which surpassed the forecast of $0.24, but revenue slightly missed expectations at $634 million against a projected $635.13 million. Despite the EPS beat, the stock dropped 7.72% pre-market due to revenue concerns and broader market conditions. The company anticipates its fifth consecutive year of revenue growth and projects $70 million in annual cost synergies from its upcoming merger with MRC Global.
Stifel reiterates Buy rating on Now Inc stock, maintains $18 price target
Stifel has reiterated its Buy rating on Now Inc (NYSE:DNOW) stock and maintained its $18 price target, citing strong financial health, potential value generation from the merger with MRC, and flexible balance sheet optionality. This decision follows positive meetings with Now Inc's CFO and IR, and the company recently surpassed Q2 2025 earnings and revenue forecasts, further supporting the optimistic outlook.
Earnings call transcript: Now Inc Q4 2024 earnings beat forecasts, stock surges
Now Inc (NYSE: DNOW) reported strong Q4 2024 earnings, surpassing analyst expectations with an EPS of $0.25 and revenue of $571 million. The company's stock surged by 19.24% following the announcement, driven by robust performance, significant free cash flow, and a new $160 million share repurchase authorization. Now Inc highlighted strategic expansions in water management and energy evolution sectors, expecting continued growth despite anticipated market activity declines.
NOW Inc. Announces Plan to Adopt New Corporate Legal Name 'DNOW Inc.'
NOW Inc. has announced its plan to change its corporate legal name to 'DNOW Inc.', effective January 19, 2024, while its ticker symbol "DNOW" will remain unchanged. This decision aims to unify its identity and brand, as the company is already widely recognized as DNOW. DNOW is a global supplier of energy and industrial products with a 160-year legacy, headquartered in Houston, Texas.
DistributionNOW to Adopt New Corporate Name
NOW Inc. is changing its corporate legal name to "DNOW Inc.", effective January 19, 2024, to unify its brand identity in the marketplace. The company's ticker symbol, "DNOW," will remain unchanged. This decision aims to elevate and distinguish DNOW as a solutions-based products and services provider.
NOW Inc. Changes Corporate Name to DNOW
NOW Inc., a Houston-based oilfield products distributor, has officially changed its corporate legal name to DNOW, effective January 19, 2024. This change harmonizes the company's name with its NYSE ticker symbol and widely recognized DistributionNOW brand, aiming to unify its identity in the marketplace. DNOW was a prominent player on MDM's 2023 Top Industrial Distributors List, ranking highly in several categories including industrial PVF, fluid power, and MRO.
NOW Inc. Announces Third Quarter 2023 Earnings Conference Call
NOW Inc. (NYSE: DNOW) has scheduled a conference call to discuss its third-quarter 2023 financial results on Thursday, November 2, 2023, at 8:00 am US Central Time. The financial results for the quarter ending September 30, 2023, are expected to be released before market open on the same day. Investors can access the call via a listen-only webcast on the company's Investor Relations website or by dialing in directly.
Distribution NOW Q2 Sales Approach $600M
Distribution NOW reported significant increases in Q2 sales, earnings, and profits, with revenue nearing $600 million. The company's President and CEO, David Cherechinsky, highlighted the first half of the year as its most profitable since becoming public in 2014, and expressed excitement about its role as an energy evolution partner, hinting at future acquisitions and share repurchases.
NOW Appoints Karen David-Green to the Board of Directors
NOW Inc. (NYSE: DNOW) has appointed Karen David-Green to its Board of Directors, effective March 24, 2023. Ms. David-Green brings extensive experience from the energy industry, Expro Group, Weatherford International plc, and 15 years on Wall Street. This appointment enhances the board's expertise and contributes to its gender diversity.
NOW Appoints Sonya Reed to the Board of Directors
NOW Inc. (NYSE:DNOW) announced the appointment of Sonya Reed to its Board of Directors, effective August 11, 2021. Ms. Reed, Senior Vice President of Human Resources and Corporate Communications at Phillips 66, brings extensive experience to the board. Her appointment enhances the board's skills, experiences, and commitment to increasing gender and racial diversity.
NOW Inc (DNOW) Q1 2021 Earnings Call Transcript
NOW Inc. (DNOW) reported strong Q1 2021 earnings, with revenue up 13% sequentially, outperforming guidance. The company achieved positive EBITDA one quarter earlier than anticipated after several quarters of losses, demonstrating a significant turnaround. Management highlighted strategic acquisitions like Flex Flow and Master Corporation, increased focus on digital integration, and a strong balance sheet with zero debt and significant liquidity to drive future growth and strategic investments.
DNOW Posts Solid Sequential Sales Gain as Net Loss Shrinks
NOW Inc. (DNOW) reported solid sequential sales improvement in its first quarter 2021 financial results, with total Q1 sales reaching $361 million, up from $319 million in Q4. The company significantly reduced its net loss to $10 million in Q1, a considerable improvement from previous quarters, attributed to a leaner operating model and strategic acquisitions. DNOW also achieved its goal of reaching break-even EBITDA a quarter early and remains debt-free, providing flexibility for future growth and acquisitions.
NOW Inc. Completes Flex Flow Acquisition
NOW Inc. (NYSE: DNOW) has finalized its all-cash acquisition of Flex Flow, a provider of rental pumping units, from GR Energy Services Holdings LP. This strategic move aims to expand NOW Inc.'s product offerings with a significant rental solution fleet and enhance its position in non-commoditized customer solutions and midstream markets. The acquisition is expected to boost gross margins and EBITDA, reflecting NOW Inc.'s criteria for inorganic investment.
Houston-based oil field services co. names new CEO, makes related C-suite changes
Now Inc., also known as DistributionNow, a Houston-based oil field services company, has appointed David Cherechinsky as its new CEO. This appointment follows the termination of the previous CEO's employment in November and the interim CEO's decision not to take on the role permanently.
DistributionNOW Announces Immediate CEO Transition
DistributionNOW (NOW Inc.) announced an immediate CEO transition, with Robert Workman stepping down and company veteran Dick Alario appointed as interim CEO. Alario, who will not seek the full-time position, will also remain on the board. The company's board expressed confidence in Alario's experience in the oilfield services industry to lead DistributionNOW's continued growth and enhance shareholder value.
NOV spinoff Now Inc. announces new CFO and related C-suite changes
NOV spinoff Now Inc. announced C-suite changes including a new Chief Financial Officer. Daniel Molinaro, the current Senior Vice President and CFO, will transition to Executive Vice President, focusing on treasury, investor relations, and employee benefits matters. These changes are effective February 16, 2018.
