DNOW Inc. Reports First Quarter 2025 Results

May 07, 2025

Press Release Investor Relations

HOUSTON -- (BUSINESS WIRE) -- May 7, 2025 -- DNOW Inc. (NYSE: DNOW) announced results for the first quarter ended March 31, 2025.

Recent Capital Allocation Actions

Repurchased $8 million of common stock in the first quarter of 2025, and $16 million year-to-date, under the $160 million share repurchase program authorized this year
Completed acquisition of Natron International Pte. Ltd in April, headquartered in Singapore, which expands our electrical supply capabilities under the MacLean International brand in the Asia Pacific region, serving traditional and renewable energy, infrastructure and other commercial and industrial end-markets

Financial Highlights

Revenue was $599 million for the first quarter of 2025
Net income attributable to DNOW Inc. was $22 million, or $0.20 per diluted share, for the first quarter of 2025
Non-GAAP net income attributable to DNOW Inc. excluding other costs was $24 million, or $0.22 per diluted share, for the first quarter of 2025
EBITDA excluding other costs was $46 million or 7.7% of revenue for the first quarter of 2025
Invested $33 million in additional inventory, with cash used in operating activities of $16 million for the first quarter of 2025
Cash and cash equivalents was $219 million and long-term debt was zero at March 31, 2025, with total liquidity of approximately $567 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.”