DNOW Q1 FY26 turns to net loss of $44 million; revenue rises to $1.18 billion
DNOW Inc.
DNOW Inc. DNOW | 0.00 |
- DNOW posted first-quarter revenue of $1.18 billion, swinging to a net loss attributable to shareholders of $44 million, or $0.24 per diluted share.
- Operating results turned to an operating loss of $50 million, while adjusted EBITDA was $39 million, equal to 3.3% of revenue.
- Cash used in operating activities totaled $95 million; cash and cash equivalents were $116 million, while long-term debt rose to $571 million and total liquidity was about $379 million.
- During quarter, DNOW repurchased $50 million of common stock under its $160 million program, while completing $46 million acquisition of Edge Controls in February.
- CEO David Cherechinsky said integration of upstream and midstream operations following MRC Global deal is advancing, with early traction from new data center-related awards.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DNOW Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260507102488) on May 07, 2026, and is solely responsible for the information contained therein.
