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Stock impact report

Why DNOW Stock Is Surging Higher Today [Yahoo! Finance]

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: Yahoo! Finance
Investors are cheering the results, sending shares of the industrial-products company up 19% as of 2:30 p.m. ET. Strong results energizing the stock DNOW is a supplier of equipment and services to energy and industrial markets. It offers a wide range of air compressors, welding equipment, power generation equipment, and pumps. The company was spun off from what was then known as National Oilwell Varco (now NOV ) in 2014 and has used a series of acquisitions in the years since then to build its product portfolio. The company's most recent quarter should put it on a lot of radar screens. DNOW earned $0.22 per share on revenue of $555 million, easily surpassing Wall Street estimates of $0.16 per share on $540 million in sales. It also generated $171 million in free cash flow for the year, more than twice the amount it guided for in February 2023. "I am excited by our strong fourth-quarter finish, capping off another stellar year," CEO David Cherechinsky said in a statement. "In 2 Show less Read more
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