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Jun 30, 2022
NOW Q2 2022 Earnings Report
Reported stellar performance driven by record EBITDA percentage of revenues.
Key Takeaways
NOW Inc. reported a strong second quarter with revenue of $539 million, net income of $26 million, and non-GAAP net income of $29 million. The company's EBITDA reached a record 8.7 percent of revenue. The company is raising full-year 2022 revenue and EBITDA guidance.
Revenue for the second quarter of 2022 was $539 million.
Net income for the second quarter of 2022 was $26 million.
Diluted earnings per share for the second quarter of 2022 was $0.23.
Cash and cash equivalents were $232 million as of June 30, 2022.
Revenue by Geographic Location
Forward Guidance
The company is raising guidance for full-year 2022 revenue to now increase as much as 30 percent and full-year 2022 EBITDA excluding other costs to approximate 7 percent of revenue.
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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