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DNOW - DNOW: Good Long Term Driven By Energy Transition Projects
NOW Inc.
2024-05-23 02:12:17 ET
Summary
DNOW Inc's Canada segment saw a double-digit decline in Q1 2024 due to unfavorable weather events, but delayed projects are expected to drive sales in the future.
The U.S. segment remains strong, and the addition of Whitco Supply should boost the company's overall revenue in 2024.
DNOW's long-term margin outlook is promising, with expected volume growth and a focus on operational efficiencies and margin expansion.
The company's stock is available at an attractive discount to its historical levels.