DNOW shows strength in the OFS industry
NOW Inc. (DNOW) distributes maintenance, repair and operating (or MRO) supplies to the upstream, midstream, and downstream industries, as well as the manufacturing, aerospace, automotive, refineries and engineering, and construction firms. Despite the current energy price downturn, DNOW can stay ahead of the curve due to improvement in pricing, strong supply chain management, and efficient cost management. In the face of certain short-term headwinds, DNOW looks to improve its gross margin. We will look at various aspects of DNOW’s strategies in this article.
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