DNOW Inc. Reports Fourth Quarter and Full-Year 2024 Results

February 13, 2025

Press Release Investor Relations

HOUSTON--(BUSINESS WIRE)--Feb. 13, 2025-- DNOW Inc. (NYSE: DNOW) announced results for the fourth quarter and full-year ended December 31, 2024.

Recent Capital Allocation Actions

Announced a new $160 million share repurchase authorization, double the size of the share repurchase program successfully completed in 2024
Completed acquisition of Trojan Rentals, LLC in the fourth quarter of 2024, for $114 million in cash, enhancing our pump rental offering and industrial automation capabilities in the water transfer and management space

Financial Highlights

Cash provided by operating activities was $122 million for the fourth quarter of 2024 and $298 million for the full-year 2024
Revenue was $571 million for the fourth quarter of 2024 and $2,373 million for the full-year 2024
Net income attributable to DNOW Inc. was $23 million, or $0.21 per diluted share, for the fourth quarter of 2024 and $81 million, or $0.74 per diluted share, for the full-year 2024
Non-GAAP net income attributable to DNOW Inc. excluding other costs was $27 million, or $0.25 per diluted share, for the fourth quarter of 2024 and $100 million, or $0.91 per diluted share, for the full-year 2024
EBITDA excluding other costs was $45 million or 7.9% of revenue for the fourth quarter of 2024 and $176 million or 7.4% of revenue for the full-year 2024
Cash and cash equivalents was $256 million and long-term debt was zero at December 31, 2024 with total liquidity of approximately $556 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 (800) 715-9871, while international participants can use 1 (646) 307-1963, 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 Fourth Quarter and Full Year 2024 Key Takeaways” will be available on the Company’s Investor Relations website: https://ir.dnow.com/news-events/presentations.