The earnings call highlighted the company's record second quarter EBITDA and significant revenue growth, driven largely by the expansion of the midstream business and a strong financial position. However, challenges remain in the Canadian and international markets, with revenue declines and macroeconomic headwinds. The company is also facing ongoing challenges related to tariffs and supply chain management. Despite these challenges, the overall sentiment leans towards positive due to the strong financial results and growth in key areas.

Company Guidance -

Q3 2025

During the DNOW Second Quarter 2025 Earnings Conference Call, the company provided several key metrics and forward-looking insights. DNOW reported a record second-quarter EBITDA of $51 million, marking the best second quarter in its public company history, with EBITDA as a percentage of revenue reaching 8.1%. Revenue for the quarter was $628 million, a 5% increase from the first quarter, driven by strong U.S. activity and midstream strength, contributing to 11% sequential revenue growth. Gross margins held steady at 22.9%, while free cash flow was reported at $41 million. The company also repurchased $27 million in shares and increased its cash balance to $232 million with no debt. The merger with MRC Global is expected to generate $70 million in annual cost synergies within three years post-closing, enhancing opportunities in alternative energy and other industrial markets. Looking ahead, DNOW anticipates third-quarter revenues to increase in the low single-digits percentage range, with expectations of full-year 2025 revenues potentially reaching high single-digit percentage growth from 2024 levels, maintaining an EBITDA margin approaching 8% of revenue.

Record Second Quarter EBITDA

The second quarter of 2025 represents the best second quarter EBITDA results in the company's public history at $51 million, up 11% sequentially.

Revenue Growth

Revenue for the second quarter was $628 million, up 5% from the first quarter, and twice the midpoint of the sequential guidance given in May.

Midstream Business Expansion

U.S. activity drove strong sequential revenue gains, up 11%, with midstream business growing to approximately 27% of total DNOW revenue.

Strong Financial Position

The company expanded its cash balance to $232 million and continues to carry no debt.

Successful Share Repurchase Program

Year-to-date, the company has purchased $27 million in shares under the new program authorized earlier this year.

Successful Integration of Acquisitions

The acquisition of Natron International closed in the second quarter, expanding DNOW's electrical products opportunities in Singapore and the Asia Pacific region.

Now (DNOW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DNOW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.24 / -	0.21	―	―	―
Aug 06, 2025	2025 (Q2)	0.21 / 0.27	0.25	8.00% (+0.02)
May 07, 2025	2025 (Q1)	0.17 / 0.22	0.21	4.76% (+0.01)
Feb 13, 2025	2024 (Q4)	0.13 / 0.25	0.22	13.64% (+0.03)
Nov 07, 2024	2024 (Q3)	0.21 / 0.21	0.25	-16.00% (-0.04)
Aug 07, 2024	2024 (Q2)	0.24 / 0.25	0.25	0.00% (0.00)
May 10, 2024	2024 (Q1)	0.23 / 0.21	0.25	-16.00% (-0.04)
Feb 15, 2024	2023 (Q4)	0.17 / 0.22	0.25	-12.00% (-0.03)
Nov 02, 2023	2023 (Q3)	0.25 / 0.25	0.3	-16.67% (-0.05)
Aug 02, 2023	2023 (Q2)	0.25 / 0.25	0.26	-3.85% (-0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DNOW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$15.24	$14.10	-7.48%
May 07, 2025	$16.03	$14.66	-8.55%
Feb 13, 2025	$14.14	$16.98	+20.08%
Nov 07, 2024	$13.75	$13.74	-0.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Now Inc (DNOW) report earnings?

Now Inc (DNOW) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is Now Inc (DNOW) earnings time?

Now Inc (DNOW) earnings time is at Oct 29, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is DNOW EPS forecast?

DNOW EPS forecast for the fiscal quarter 2025 (Q3) is 0.24.

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