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Stock impact report

DNOW Inc. Reports Fourth Quarter and Full-Year 2023 Results

DNOW Inc. (DNOW) 
Last dnow inc. earnings: 2/19 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.distributionnow.com/investor-overview
Company Research Source: Business Wire
Earnings Conference CallFebruary 15, 20248:00 a.m. CT1 (888) 660-6431 (within North America)1 (929) 203-2118 (outside of North America)Access Code: 7372055Webcast: ir.dnow.com HOUSTON--(BUSINESS WIRE)--DNOW Inc. (NYSE: DNOW) announced results for the fourth quarter and full-year ended December 31, 2023.Financial HighlightsCash provided by operating activities was $105 million for the fourth quarter of 2023 and $188 million for the full-year 2023Revenue was $555 million for the fourth quarter of 2023Net income attributable to DNOW Inc. was $147 million, or $1.35 per diluted share, for the fourth quarter of 2023, which included a non-cash deferred tax benefit of $126 million from the release of valuation allowances on deferred tax assetsNon-GAAP net income attributable to DNOW Inc. excluding other costs was $24 million, or $0.22 per diluted share, for the fourth quarter of 2023EBITDA excluding other costs was $44 million or 7.9% of revenue for the fourth quarter of 2023Cash and cash Show less Read more
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