NOW Inc

DNOW Inc. kicked off 2025 with a notably strong first quarter, posting non-GAAP adjusted diluted EPS of $0.22 against a consensus estimate of $0.17, a beat of roughly 26.95%, while revenue of $599.00 million topped forecasts by 2.02% and grew 6.4% year-over-year. The primary engine behind the results was a resurgent U.S. segment, which generated $474.00 million in revenue compared to $435.00 million a year earlier, reflecting broad-based demand across the company's distribution network. EBITDA excluding other costs reached $46.00 million, or 7.7% of revenue, the company's second-best first-quarter margin on record. A deliberate $33.00 million inventory build weighed on operating cash flow but is designed to position DNOW favorably amid tariff-driven supply chain uncertainty. With $219.00 million in cash, zero long-term debt, and roughly $567.00 million in total liquidity, CEO David Cherechinsky acknowledged the difficult-to-predict environment around oil prices and trade disruptions, while expressing confidence in the company's capacity to pursue both organic growth and acquisitions from a position of financial strength.