DNOW Looks To Strengthen The Balance Sheet
NOW Inc. (DNOW) distributes maintenance, repair, and operating (or MRO) supplies to the upstream, midstream, and downstream industries, as well as to the manufacturing, aerospace, automotive, refineries and engineering, and construction firms. The fall in the upstream capex and further decline in the U.S. rig count can affect its sales and margin adversely in the short-term. The activity rebound in Canada can help offset some of the losses in the U.S. in the short-term, while in the mid-term, a robust midstream activity can help propel the