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Jun 30, 2021
NOW Q2 2021 Earnings Report
Reported second quarter results with revenue of $400 million and a net loss of $2 million.
Key Takeaways
NOW Inc. reported stronger than anticipated performance for the second quarter of 2021, driven by sequential revenue growth and record gross margins. The company's strategy led to gains in both top and bottom lines. With total liquidity of $528 million and zero debt, NOW Inc. is positioned for organic growth and inorganic opportunities.
Revenue was $400 million for the second quarter of 2021.
Net loss was $2 million for the second quarter of 2021.
Diluted loss per share was $0.02 for the second quarter of 2021.
Free cash flow for the second quarter of 2021 was $7 million.
Revenue by Geographic Location
Forward Guidance
The company remains focused on generating greater operating efficiencies while enhancing its differentiated offering to customers. NOW Inc.'s size and scale strengthen its value proposition as customers navigate industry consolidation, supply disruptions, and the energy transition.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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