Quarterly ResultAug 6, 2026, 07:03 AM
DNOW Q2 Revenue $1.31B, Adjusted EBITDA $60M; Record Cash Flow
AI Summary
DNOW Inc. announced strong second-quarter 2026 results, with revenue increasing 10% sequentially to $1,307 million and adjusted EBITDA rising 54% sequentially to $60 million. The company achieved a record $133 million in cash flow from operating activities, driven by improved collections and inventory streamlining. DNOW also repurchased $25 million of common stock during the quarter, bringing the year-to-date total to $75 million, and improved its net debt leverage ratio to 1.7 times.
Key Highlights
- Repurchased $25M of common stock in Q2 2026, $75M year-to-date.
- Revenue reached $1,307M, a 10% sequential increase.
- Net loss attributable to DNOW Inc. was $(21)M, or $(0.11) per diluted share.
- Adjusted net income was $21M, or $0.12 per diluted share.
- Adjusted EBITDA was $60M, up 54% sequentially.
- Cash flow from operating activities was $133M, a record for Q2.
- U.S. segment revenue increased 13% sequentially to $1,109M.
- Net debt leverage ratio improved to 1.7x.
Price Impact
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