DNOW Inc. Reports 2024 Second Quarter Earnings Results

Written by DistributionNOW Marketing | August 07, 2024

HOUSTON--(BUSINESS WIRE)--Aug. 7, 2024-- DNOW Inc. (NYSE: DNOW) announced results for the second quarter ended June 30, 2024.

Financial Highlights

Revenue was $633 million for the second quarter of 2024
Net income attributable to DNOW Inc. was $24 million, or $0.21 per diluted share, for the second quarter of 2024
Non-GAAP net income attributable to DNOW Inc. excluding other costs was $28 million, or $0.25 per diluted share, for the second quarter of 2024
EBITDA excluding other costs was $50 million or 7.9% of revenue for the second quarter of 2024
Cash provided by operating activities was $21 million for the second quarter of 2024 and $211 million for the trailing four quarters ending June 30, 2024
Repurchased $10 million of common stock in the second quarter of 2024
Cash and cash equivalents was $197 million and long-term debt was zero at June 30, 2024 with total liquidity of approximately $579 million

Where to Hear Earnings

The conference call will be accessible through the Investor Relations link on DNOW Inc.'s website at ir.dnow.com. Attendees are encouraged to log in before the call to register for the webcast. A call replay will also be available online thirty days after the conference.

For direct participation, attendees within North America can dial 1-888-660-6431, while international participants can use 1-929-203-2118, with the Access Code 7372055. It's recommended to join the call five to ten minutes before the scheduled start time and request the “DNOW Inc. Earnings Conference Call.”

Where to Download Earnings Presentation

Prior to the earnings conference call a presentation titled “DNOW Second Quarter 2024 Key Takeaways” will be available on the Company’s Investor Relations website: https://ir.dnow.com/.

Press Release Source

View the full press release on our investor website: https://ir.dnow.com/news-releases/news-release-details/dnow-reports-second-quarter-2024-results.

#DNOW #EarningsReport #Q22024 #FinancialResults #InvestorRelations

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