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Sep 30, 2021
NOW Q3 2021 Earnings Report
Reported solid results with better-than-expected sequential revenue growth and record-breaking gross margins.
Key Takeaways
NOW Inc. reported revenue of $439 million, net income of $5 million, and diluted earnings per share of $0.05 for the third quarter of 2021. The company achieved better-than-expected sequential revenue growth and record-breaking gross margins, generating $22 million in free cash flow.
Revenue for Q3 2021 was $439 million.
Net income for Q3 2021 was $5 million.
Diluted earnings per share for Q3 2021 was $0.05.
Free cash flow for Q3 2021 was $22 million.
Revenue by Geographic Location
Forward Guidance
For full-year 2021, the company expects revenue to be largely unchanged from full-year 2020. They anticipate full-year 2021 EBITDA improvement over full-year 2020 to be near $90 million.
Positive Outlook
- Revenue expected to be largely unchanged from full-year 2020.
- Stronger gross margins expected.
- Leaner cost structure anticipated.
- Full-year 2021 EBITDA improvement over full-year 2020 to be near $90 million.
- Fundamental shift in the capabilities of the Company and its earnings potential.
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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