DNOW Inc is a leading supplier of products and services to the energy and industrial sectors, focusing primarily on the oil and gas industry
The company provides a wide array of industrial supplies, such as valves, fittings, and piping systems, as well as offering inventory management solutions and supply chain services. With a strong commitment to customer service, DNOW operates a network of distribution centers and service locations that help to streamline operations for its clients, ensuring they have the necessary tools and materials for their projects. Through its expertise and technology-driven approach, DNOW aims to enhance efficiency and safety in the industries it serves.
Shares of energy and industrial distributor DistributionNOW (NYSEDNOW) jumped 20.3% in the afternoon session after the company reported strong fourth-quarter results, significantly surpassing analysts' sales, EPS, and EBITDA estimates. The company also doubled the size of its share repurchase program to $160m, highlighting the focus on returning value to shareholders. Zooming out, we think this quarter featured some important positives.
Energy and industrial distributor DistributionNOW (NYSEDNOW) announced better-than-expected revenue in Q4 CY2024, with sales up 2.9% year on year to $571 million. Its non-GAAP profit of $0.25 per share was 92.3% above analysts’ consensus estimates.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Watsco (NYSEWSO) and the best and worst performers in the infrastructure distributors industry.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the infrastructure distributors industry, including Core & Main (NYSECNM) and its peers.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the infrastructure distributors industry, including DistributionNOW (NYSEDNOW) and its peers.
DNOW Inc. (NYSEDNOW) has scheduled a conference call to discuss the results for the fourth quarter and full-year 2024 on Thursday, February 13, 2025 at 8:00 am (US Central Time). Financial results for the fourth quarter and the year ending December 31, 2024 are expected to be released that morning before the market opens.
DNOW Inc. (NYSEDNOW) (“DNOW” or the “Company”) announced today that its Board of Directors authorized the Company’s new share repurchase program (“repurchase program”) pursuant to which the Company may purchase up to $160 million of DNOW Inc.’s common stock, effective immediately. The Company has successfully completed its previously announced $80 million repurchase program.
Over the last six months, DistributionNOW’s shares have sunk to $12.83, producing a disappointing 7.3% loss - a stark contrast to the S&P 500’s 2.5% gain. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the industrial distributors industry, including Beacon Roofing Supply (NASDAQBECN) and its peers.
Looking back on infrastructure distributors stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including MRC Global (NYSEMRC) and its peers.
Water and fire protection solutions company Core & Main (NYSECNM)
will be reporting results tomorrow before market hours. Here’s what you need to know.
DNOW Inc. (NYSEDNOW) announced it has completed its all-cash acquisition of Trojan Rentals, LLC (“Trojan”), a leading provider of pump rentals, automation technology and sales of layflat hose and other associated equipment to support customers’ water sourcing, transfer, recycling and treatment requirements.
Energy and industrial distributor Dnow (NYSEDNOW) missed Wall Street’s revenue expectations in Q3 CY2024 as sales rose 3.1% year on year to $606 million. Its non-GAAP profit of $0.21 per share was in line with analysts’ consensus estimates.
Energy and industrial distributor NOW Inc. (NYSEDNOW) missed Wall Street’s revenue expectations in Q3 CY2024 as sales rose 3.1% year on year to $606 million. Its non-GAAP profit of $0.21 per share was in line with analysts’ consensus estimates.
