Second-Best First Quarter EBITDA in Company History
DNOW achieved $46 million in EBITDA for Q1 2025, marking the second-best first-quarter EBITDA in the company's public history, up 2% sequentially and 18% year-over-year.
Revenue Growth Beats Expectations
First-quarter revenue was $599 million, up 4.9% from the previous quarter and 6.4% year-over-year, exceeding February guidance despite challenges from a slow start.
Gross Margin Resilience
Gross margins remained strong at 23.2%, outperforming expectations for the first quarter.
Strategic International Acquisition
DNOW completed an acquisition in Singapore, enhancing the MacLean International brand and expanding market presence in Asia Pacific.
Increased Share Repurchases
Under the new $160 million program, DNOW repurchased $16 million in shares year-to-date, enhancing shareholder return.
Digital Revenue Growth
Digital revenue as a percent of total SAP revenue improved to 53%, driving efficiencies and aligning with customer needs.