Quarterly ResultMay 7, 2026, 07:02 AM
DNOW Q1 Revenue $1.18B; Net Loss $44M; Adjusted EPS $0.01
AI Summary
DNOW Inc. reported Q1 2026 results with revenue of $1,183 million, a net loss of $44 million, and diluted EPS of ($0.24). However, adjusted net income was $3 million, or $0.01 per diluted share, and adjusted EBITDA reached $39 million. The company also repurchased $50 million of common stock and completed the acquisition of Edge Controls for $46 million, expanding its automation capabilities.
Key Highlights
- Revenue was $1,183 million for Q1 2026.
- Net loss attributable to DNOW Inc. was $44 million, or ($0.24) per diluted share.
- Adjusted net income attributable to DNOW Inc. was $3 million, or $0.01 per diluted share.
- Adjusted EBITDA was $39 million, or 3.3% of revenue.
- Repurchased $50 million of common stock under the $160 million program.
- Completed acquisition of Edge Controls for $46 million in February.
- United States revenue was $985 million, Canada $51 million, and International $147 million.
- Cash used in operating activities was $95 million; long-term debt was $571 million.