Now Inc ( (DNOW) ) has released its Q4 earnings. Here is a breakdown of the information Now Inc presented to its investors.
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DNOW Inc., a prominent supplier of energy and industrial products and engineered equipment, is headquartered in Houston, Texas. The company caters to various industries, including exploration, production, and renewables, offering comprehensive supply chain solutions enhanced by their DigitalNOW platform.
In its latest earnings report, DNOW Inc. revealed robust financial performance for the fourth quarter and full-year 2024. Significant highlights include a $160 million share repurchase program and the strategic acquisition of Trojan Rentals, LLC, which enhances DNOW’s offerings in pump rental and industrial automation.
Financially, DNOW posted a revenue of $571 million for Q4 2024, contributing to a full-year revenue of $2,373 million. Net income for the year reached $81 million, with a notable free cash flow of $289 million, surpassing expectations. The company maintained a strong cash position with $256 million in cash and zero long-term debt at year’s end, achieving substantial liquidity of approximately $556 million.
EBITDA, excluding other costs, was $45 million for the fourth quarter, marking 7.9% of revenue, and $176 million for the full year. These figures underscore the company’s effective cost control and margin expansion strategies. The acquisition of Trojan Rentals is expected to further strengthen DNOW’s market position and enhance shareholder value.
Looking ahead, DNOW’s management remains optimistic about continued growth and value creation. The company is poised to leverage its strategic initiatives and robust cash flow to sustain its growth trajectory into 2025, potentially marking the fifth consecutive year of expansion.
