Trade DNOW Inc - DNOW CFD

NOW Inc. Company profile

About NOW Inc

NOW Inc. (NOW) is a global distributor to the oil and gas, and industrial markets. The Company operates under the DistributionNOW and DNOW brands. Its segments include the United States, Canada and International. The Company operates over 115 locations in the United States, which serves the upstream, midstream and downstream energy and industrial markets. The Canada segment serves energy exploration, production, mining and drilling business, and also provides training for and supervises the installation of, jointed and spoolable composite pipe. The Company operates in over 20 countries and serves the needs of its international customers from approximately 25 locations outside the United States and Canada. Its product offering includes consumable maintenance, repair and operating (MRO) supplies, pipe, valves, fittings, flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, pumping solutions, valve actuation and modular process, measurement and control equipment.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, NOW Inc revenues increased 1% to $1.63B. Net income totaled $5M vs. loss of $427M. Revenues reflect Canada segment increase of 19% to $249M, United States segment increase of 1% to $1.16B. Net Income reflects United States segment loss decrease of 97% to $8M, International segment income totaling $0K vs. loss of $79M, Canada segment income totaling $17M vs. loss of $60M.