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Mar 31, 2023
NOW Q1 2023 Earnings Report
Reported strong top- and bottom-line performance, with revenue growing 7% sequentially and EBITDA at 8% of revenue.
Key Takeaways
NOW Inc. reported first quarter 2023 results with revenue of $584 million and net income of $31 million. The company achieved strong performance despite headwinds, including inclement weather and lower U.S. rig counts. International segment showed significant revenue growth. The company repurchased $36 million in shares and completed two acquisitions.
Revenue was $584 million for the first quarter of 2023.
Net income attributable to NOW Inc. was $31 million.
Diluted earnings per share attributable to NOW Inc. stockholders was $0.28.
Cash and cash equivalents was $168 million at March 31, 2023.
Revenue by Geographic Location
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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