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Dec 31, 2023
NOW Q4 2023 Earnings Report
DNOW Inc. reported strong Q4 2023 results, driven by revenue growth and effective cost management.
Key Takeaways
DNOW Inc. reported Q4 2023 revenue of $555 million and net income of $147 million, or $1.35 per diluted share. Non-GAAP net income was $24 million, or $0.22 per diluted share. The company's cash and cash equivalents were $299 million at the end of the quarter.
Revenue for the fourth quarter of 2023 was $555 million.
Net income attributable to DNOW Inc. for the fourth quarter of 2023 was $147 million, or $1.35 per diluted share, including a non-cash deferred tax benefit of $126 million.
Non-GAAP net income attributable to DNOW Inc. for the fourth quarter of 2023 was $24 million, or $0.22 per diluted share.
Cash provided by operating activities was $105 million for the fourth quarter of 2023.
Revenue by Geographic Location
Forward Guidance
DNOW is targeting to generate $150 million in free cash flow in 2024 and expects the acquisition of Whitco Supply to enhance earnings, free cash flow and shareholder value.
Positive Outlook
- Targeting $150 million in free cash flow in 2024.
- Acquisition of Whitco Supply expected to enhance earnings.
- Acquisition of Whitco Supply expected to enhance free cash flow.
- Acquisition of Whitco Supply expected to enhance shareholder value.
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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