DNOW Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 06:45 am EST
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DNOW Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 555 million compared to USD 547 million a year ago. Net income was USD 147 million compared to USD 32 million a year ago. Basic earnings per share from continuing operations was USD 1.36 compared to USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 1.35 compared to USD 0.28 a year ago.
For the full year, the company reported sales was USD 2,321 million compared to USD 2,136 million a year ago. Net income was USD 247 million compared to USD 128 million a year ago. Basic earnings per share from continuing operations was USD 2.26 compared to USD 1.14 a year ago. Diluted earnings per share from continuing operations was USD 2.24 compared to USD 1.13 a year ago.
DNOW Inc. is a global supplier of energy and industrial products and packaged, engineered process and production equipment. It offers a set of supply chain solutions combined with a suite of digital solutions branded as DigitalNOW that provides technology for digital commerce, data, and information management. Its product and service offerings are consumed throughout all sectors of the energy industry, from upstream drilling and completion, exploration and production, midstream transmission, gas and crude oil processing infrastructure development to downstream petroleum refining and petrochemicals. Its global product offering includes consumable maintenance, repair and operating (MRO) supplies, pipe, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, pumping solutions and modular process, production, measurement, and control equipment. It also offers sourcing, procurement, warehouse, and inventory management solutions.
DNOW INC. 
