Houston-based company DNOW Inc. (NYSE:DNOW) recently disclosed its financial results for the fourth quarter and full year that ended on December 31, 2024. The company issued a press release on February 13, 2025, detailing its earnings and a conference call associated with the results.
For the fourth quarter of 2024, DNOW reported cash provided by operating activities amounting to $122 million and a full-year figure of $298 million. The revenue stood at $571 million for the quarter and $2,373 million for the full year. Net income attributable to DNOW Inc. was $23 million for Q4 and $81 million for the full year. Moreover, the company’s non-GAAP net income, excluding other costs, was $27 million for the quarter and $100 million for the full year while the EBITDA, excluding other costs, amounted to $45 million for the quarter and $176 million annually.
The company has undertaken several noteworthy actions, such as announcing a new $160 million share repurchase program and the acquisition of Trojan Rentals, LLC for $114 million in cash, aimed at enhancing pump rental offerings and industrial automation capabilities specifically in the water transfer and management sector.
DNOW’s commitment to maintaining an acquisition focus while focusing on share buybacks has given credence to their confidence in the business’s strength. With total liquidity of approximately $556 million as of December 31, 2024, DNOW appears well-positioned for the future.
Before the earnings conference call, DNOW plans to provide an in-depth look at its Q4 and full-year 2024 results with a presentation titled “DNOW Fourth Quarter and Full-Year 2024 Key Takeaways” available on the company’s Investor Relations website.
About DNOW:
DNOW is a long-standing supplier of energy and industrial products and packaged, engineered process, and production equipment. With headquarters in Houston, Texas, and a network of approximately 2,575 employees, the company offers a wide range of supply chain solutions coupled with digital commerce offerings branded as DigitalNOW®.
In conclusion, DNOW’s financial results for Q4 and full year 2024 depict a year of growth and strategic actions aimed at fortifying the company’s position in the market.
Please note that the financial data and metrics mentioned in this news article have been sourced from the 8-K SEC filing of DNOW Inc. dated February 13, 2025.
This article has been created based on the information provided in the 8-K SEC filing and is for informational purposes only.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read DNOW’s 8K filing here.
About DNOW
DNOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items.
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