| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.2K | 97.5% |
| Total Income | 1.2K | 97.5% |
| Expenditure | 1.2K | 116.7% |
| PBT | -60.00 | 300.0% |
| Net Profit | -44.00 | 300.0% |
| OPM | -4.23% | 9.23pp |
| NPM | -3.72% | 7.39pp |
| EPS | -0.24 | 220.0% |
DNOW Reports Q1 2026 Results: Revenue $1,183 million
07 May 2026 · 7 May, 4:31 pm
Summary
DNOW Inc. announced its first quarter 2026 results, reporting revenue of $1,183 million. The company experienced a net loss attributable to DNOW Inc. of $44 million, or ($0.24) per diluted share, while adjusted net income was $3 million, or $0.01 per diluted share. Adjusted EBITDA stood at $39 million, representing 3.3% of revenue. The company repurchased $50 million of common stock during the quarter and completed the acquisition of Edge Controls for $46 million.
Key Highlights
- 1
DNOW Inc. reported revenue of $1,183 million for the first quarter of 2026.
- 2
Gross profit for Q1 2026 was $193 million, representing 16.3% of revenue.
- 3
Adjusted gross profit reached $256 million, or 21.6% of revenue in the first quarter of 2026.
- 4
The company's net loss attributable to DNOW Inc. was $44 million, or ($0.24) per diluted share for Q1 2026.
- 5
Adjusted net income attributable to DNOW Inc. was $3 million, or $0.01 per diluted share in the first quarter of 2026.
- 6
Adjusted EBITDA was $39 million, or 3.3% of revenue for the first quarter of 2026.
- 7
DNOW repurchased $50 million of common stock under the $160 million share repurchase program.
Management Comments
David Cherechinsky
I am pleased with our achievements in the quarter as we completed our first full quarter with MRC Global. We advanced the integration of our upstream and midstream operations, delivered sequential revenue growth in the midstream and gas utility sectors and are beginning to see early traction from new data center related awards. This combination creates a more diversified and less cyclical business, supported by multiple, durable growth drivers. In the first quarter, we demonstrated our commitment to disciplined capital allocation by repurchasing $50 million of shares, our highest level to date, and enhanced our capabilities with the completion of our twenty-sixth acquisition, Edge Controls. We will remain focused on being opportunistic in returning capital to our shareholders. I want to thank our team members for their continued dedication and adaptability as we execute our integration plan and capture synergies ahead of schedule. With respect to the ERP conversion, we are taking targeted, decisive actions to enhance system performance and drive operational efficiencies. We are confident these actions will strengthen our foundation and deliver meaningful earnings growth and long-term value for the business.”
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