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Jun 30, 2023
NOW Q2 2023 Earnings Report
Reported strong performance with significant EBITDA and free cash flow, driven by international segment growth and strategic acquisitions.
Key Takeaways
NOW Inc. reported a revenue of $594 million for Q2 2023. The company's net income was $34 million, with a non-GAAP net income of $27 million. Diluted earnings per share were $0.31, and non-GAAP diluted earnings per share were $0.25. The company generated $47 million in EBITDA and $79 million in free cash flow. They completed two acquisitions for $33 million and repurchased $8 million of common stock.
Revenue for Q2 2023 reached $594 million.
Net income attributable to NOW Inc. was $34 million.
Diluted earnings per share attributable to NOW Inc. stockholders was $0.31.
Free cash flow for Q2 2023 was $79 million.
Revenue by Geographic Location
Forward Guidance
Company is focused on executing strategy and creating shareholder value by growing market share, leveraging debt-free balance sheet and pursuing margin accretive acquisitions.
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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