Now Inc ( (DNOW) ) has released its Q2 earnings. Here is a breakdown of the information Now Inc presented to its investors.
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DNOW Inc., a supplier of energy and industrial products, is renowned for its extensive supply chain solutions and digital offerings, serving a wide range of industries including energy, mining, and renewables. Headquartered in Houston, Texas, the company has a legacy of over 160 years and operates with a network of locations worldwide.
In its latest earnings report for the second quarter of 2025, DNOW Inc. announced a significant milestone with a merger agreement with MRC Global Inc., valued at approximately $1.5 billion. The merger is expected to close in the fourth quarter of 2025, pending necessary approvals. The company also reported a revenue of $628 million and a net income of $25 million for the quarter.
Key financial highlights from the report include a non-GAAP net income of $29 million and an EBITDA of $51 million, marking the best second-quarter EBITDA results in the company’s history. DNOW also reported cash provided by operating activities of $45 million and a strong liquidity position with $232 million in cash and cash equivalents. Additionally, the company repurchased $19 million of common stock during the quarter.
The merger with MRC Global is expected to create a leading energy industrial solutions provider, enhancing opportunities in sectors such as artificial intelligence infrastructure and alternative energy. This strategic move is anticipated to bolster DNOW’s long-term profitability and cash flow generation.
Looking ahead, DNOW’s management remains optimistic, reaffirming their full-year 2025 revenue and EBITDA guidance. The company is focused on executing its strategic plan and is confident in its ability to create lasting value for shareholders as it integrates with MRC Global.