DNOW - NOW Non-GAAP EPS of $0.25 in-line revenue of $594M beats by $1.7M
2023-08-02 06:47:17 ET
- NOW press release ( NYSE: DNOW ): Q2 Non-GAAP EPS of $0.25 in-line.
- Revenue of $594M (+10.2% Y/Y) beats by $1.7M .
- EBITDA excluding other costs for the second quarter of 2023 was $47 million or 7.9% of revenue.
- Free cash flow for the second quarter of 2023 was $79 million.
- Cash and cash equivalents was $203 million and long-term debt was zero at June 30, 2023 with total liquidity of approximately $584 million.
- "Looking ahead, I am excited about the traction we are making positioning DNOW as a vital energy evolution partner, deploying our full suite of supply chain management services and decarbonization products and technologies, including our EcoVapor offering, to provide our customers the innovative emissions management solutions necessary to achieve their sustainability goals. We are focused on executing our strategy and creating shareholder value by growing market share, leveraging our debt-free balance sheet with $584 million of total liquidity, pursuing margin accretive acquisitions and continuing our share repurchase program.”
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NOW Non-GAAP EPS of $0.25 in-line, revenue of $594M beats by $1.7M