UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36325 NOW INC. (Exact name of registrant as specified in its charter) (281) 823-4700 (Registrant's telephone number, including area code) Securities registere ...

NOW, Inc. (NYSE:DNOW) Q2 2023 Earnings Conference Call August 2, 2023 9:00 AM ET Company Participants Brad Wise - vice President-Digital Strategy and Investor Relations David Cherechinsky - President and Chief Executive Officer and Director Mark Johnson - Senior Vice President and Chief Financial Officer Conference Call Participants Adam Farley - Stifel Financial Corp. Jeff Robertson - Water Tower Research Douglas Becker - Capital One Financial Operator Good morning. My name is Chris, and I'll be your confe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36325 NOW INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identificatio ...

NOW Inc. (NYSE:DNOW) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Brad Wise - VP of Digital Strategy and IR David Cherechinsky - President and CEO Mark Johnson - SVP and CFO Conference Call Participants Thomas Moll - Stephens Inc. Douglas Becker - Capital One Adam Farley - Stifel Jeffrey Robertson - Water Tower Research Operator Good morning, afternoon, evening. My name is Bhavesh, and I'll be your conference operator today. At this time, I would like to welcome everyone to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36325 NOW INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identificati ...

NOW Inc. (NYSE:DNOW) Q4 2022 Earnings Conference Call February 16, 2023 9:00 AM ET Company Participants Brad Wise - VP of Digital Strategy and IR David Cherechinsky - President and CEO Mark Johnson - SVP and CFO Conference Call Participants Cole Couzens - Stephens Nathan Jones - Stifel Jeff Robertson - Water Tower Research Operator Welcome to NOW Inc. Fourth Quarter 2022 Earnings Conference Call. My name is Adam, and I'll be the operator for today's call. At this time, all participants are in a listen-only ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE YEAR ENDED DECEMBER 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-36325 NOW INC. (Exact name of registrant as specified in its charter) Delaware 46-4191184 (State of Incorporation) (IRS Identification No.) 7402 North Eldridge Parkway, Houst ...

NOW Inc. (NYSE:DNOW) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Brad Wise - Vice President of Digital Strategy and Investor Relations David Cherechinsky - President and Chief Executive Officer Mark Johnson - Senior Vice President and Chief Financial Officer Conference Call Participants Nathan Jones - Stifel Jeff Robertson - Water Tower Research Sean Mitchell - Daniel Energy Partners Operator Good morning. My name is Sam, and I will be your conference operator today. At ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36325 NOW INC. (Exact name of registrant as specified in its charter) Delaware 46-4191184 (State or other jurisdiction of (I.R.S. Employer incorporation or or ...

Financial Data and Key Metrics Changes - Revenues in Q2 2022 were $539 million, a 14% increase or $66 million growth over Q1 2022, and a 35% increase or $139 million year-over-year [40][41] - Gross margins reached 23.7%, up 110 basis points from Q1 2022, exceeding previous full-year guidance of 22% to 22.5% [45][40] - EBITDA for Q2 was $47 million, representing 8.7% of revenue, the highest level since being public [11][40] - GAAP net income for Q2 was $26 million or $0.23 per share, while non-GAAP net income excluding other costs was $29 million or $0.26 per share [50] Business Line Data and Key Metrics Changes - U.S. revenue was $408 million, up 22% sequentially and 38% year-over-year, driven by increased E&P customer activity [41][17] - Canadian revenue was $72 million, down 12% sequentially but up 41% year-over-year, marking the smallest second-quarter pullback on record [42][25] - International revenue was $59 million, up 4% sequentially and 11% year-over-year, with a 19% increase when excluding foreign currency impacts [43][44] Market Data and Key Metrics Changes - U.S. rig count growth was 13%, contributing to revenue growth in the U.S. segment [41][17] - International market conditions are improving, with increased offshore investments and activity in the Middle East and Southeast Asia [28][29] Company Strategy and Development Direction - The company is focused on maximizing efficiencies through regionalized fulfillment and enhancing customer proximity [14][17] - Recent acquisitions aim to fortify the company's position in non-commoditized customer solutions with better gross margins [35][37] - The company plans to invest in technology and training to improve operational efficiencies and customer service [96][98] Management's Comments on Operating Environment and Future Outlook - Management expects Q3 revenues to increase in the mid-single-digit percent range, with gross margins remaining at record high levels [64] - Full-year revenue is now expected to grow up to 30% compared to 2021, with EBITDA approximating 7% of full-year revenue [66] - The company anticipates generating positive free cash flow in 2022 despite potential seasonal revenue declines in Q4 [89][90] Other Important Information - The company has authorized an $80 million share repurchase program, reflecting confidence in its financial performance and balance sheet [38][62] - The company has ceased operations in Russia and reduced its footprint in certain international markets, impacting quarterly revenue by approximately $4 million [31][47] Q&A Session Summary Question: Can you comment on the upside drivers for gross margins in Q2? - Management noted that proactive inventory building and a large project contributed to higher gross margins, but expects margins to narrow slightly in Q3 [70][72] Question: What are the expectations for operating margins moving forward? - Management aims for a full-year EBITDA of 7%, with goals to grow further in future years [75][76] Question: What was the catalyst for the share repurchase announcement? - The catalyst was the belief that shares were undervalued, combined with a strong earnings profile and balance sheet [79] Question: How will free cash flow be impacted in the back half of the year? - Management expects a slight dip in free cash flow in Q4 due to seasonal revenue declines but remains optimistic about generating positive cash flow overall [88][90] Question: What is the outlook for international growth next year? - Management expressed optimism for double-digit growth in the international segment, supported by increasing activity and project opportunities [90]