Now Inc ( (DNOW) ) has released its Q1 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, has reported its financial results for the first quarter of 2025, showcasing its strategic moves in the energy sector. The company, headquartered in Houston, Texas, provides a wide range of supply chain solutions and digital offerings to various industries, including traditional and renewable energy markets.
In the first quarter of 2025, DNOW Inc. achieved a revenue of $599 million, reflecting a 5% sequential growth. The company reported a net income of $22 million, or $0.20 per diluted share, and a non-GAAP net income of $24 million, or $0.22 per diluted share. The EBITDA excluding other costs was $46 million, marking one of the company’s best performances in the first quarter.
Key highlights from the quarter include the repurchase of $8 million worth of common stock and the acquisition of Natron International Pte. Ltd, which enhances DNOW’s electrical supply capabilities in the Asia Pacific region. The company also invested $33 million in additional inventory, positioning itself for future growth. With a strong cash position of $219 million and no long-term debt, DNOW is well-capitalized to pursue further strategic opportunities.
Looking ahead, DNOW Inc. remains optimistic about its growth prospects despite uncertainties in the market, such as declining oil prices and trade disruptions. The company is focused on seizing organic and inorganic growth opportunities while maintaining operational efficiency. Management expresses confidence in its strategic initiatives and the dedication of its workforce to continue delivering value to its stakeholders.