Overview
DNOW Q3 revenue was $634 mln, missing analyst expectations
Adjusted EPS for Q3 beats analyst expectations
Outlook
DNOW expects to close merger with MRC Global in Q4 2025
Company forecasts best full-year earnings ever in terms of EBITDA
DNOW focuses on customer service and innovation for future growth
Result Drivers
REVENUE GROWTH - DNOW achieved its highest revenue since Q4 2019, driven by strong operational performance
STRONG CASH POSITION - DNOW ended the quarter with $266 mln in cash and zero debt, providing a solid foundation for growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $634 mln | $637.13 mln (3 Analysts) |
Q3 Adjusted EPS | Beat | $0.26 | $0.23 (3 Analysts) |
Q3 Adjusted Net Income | $28 mln | ||
Q3 Net Income | $25 mln | ||
Q3 Adjusted EBITDA | $51 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for DNOW Inc is $17.00, about 14.1% above its November 4 closing price of $14.60
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago
Press Release: ID:nBw8HR3Rna
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)