NYSE$DNOW

DNOW Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

NOW Inc. reported results for the second quarter ended June 30, 2020.

NOW Inc. reported a revenue of $370 million for the second quarter of 2020. The net loss was $30 million, with a non-GAAP net loss of $18 million excluding other costs. The diluted loss per share was $0.27, and the non-GAAP diluted loss per share was $0.16 excluding other costs. Cash and cash equivalents stood at $269 million, and free cash flow was $66 million.

  • Revenue for the second quarter of 2020 was $370 million.
  • Net loss for the second quarter of 2020 was $30 million; non-GAAP net loss excluding other costs was $18 million.
  • Diluted loss per share was $0.27, and non-GAAP diluted loss per share excluding other costs was $0.16 for the second quarter of 2020.
  • Cash and cash equivalents was $269 million and free cash flow was $66 million at June 30, 2020.

Headline financials

Total Revenue

$370M

Previous: $776M-52.3%
EPS (adj)

-$0.16

Previous: $0.09-277.8%
Capital Expenditures

-$5M

Previous: -$3M-66.7%
Free Cash Flow

-$35M

Previous: $11M-418.2%
Net Income

-$30M

Previous: $14M-314.3%
Operating Income

-$29M

Previous: $17M-270.6%
Gross Profit

$68M

Previous: $153M-55.6%
Cash & Equivalents

$269M

Previous: $80M+236.2%
Total Assets

$1.07B

Previous: $1.85B-42.2%

Revenue & EPS history

NOW · Revenue · Quarterly

$370M

Q2 2020-52.3%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

NOW Inc. is building a resilient model to drive long-term growth, fortifying its upstream position while diversifying and investing in the midstream, downstream and industrial end markets.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.5%

Avg return

Earnings day

+1.0%

Avg return

5 days after

-0.8%

Avg return

30 days after

46%

23 / 50 earnings

Positive

+23.8%

Q4 2023

Best reaction

-19.2%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.3%-1.0%-2.1%
Q4 2025-19.2%-28.6%-29.4%
Q3 2025-0.3%-10.1%-4.5%
Q1 2025-8.4%-5.6%-8.0%
Q4 2024+20.1%+24.4%+5.4%
Q3 2024+3.6%+8.4%+6.4%
Q2 2024-8.8%-11.3%-14.4%
Q1 2024-7.3%-6.3%-9.2%
Q4 2023+23.8%+29.1%+47.1%
Q3 2023-3.2%-7.3%-8.9%
Q2 2023-10.0%-5.1%+2.1%
Q1 2023-8.0%-9.1%-6.3%
Q4 2022-6.9%-11.0%-27.9%
Q3 2022-2.5%-1.4%-0.5%
Q2 2022+1.7%+1.4%+5.9%
Q1 2022-6.0%-18.4%-1.8%
Q4 2021-1.2%-1.9%+3.1%
Q3 2021+20.0%+24.7%+11.0%
Q2 2021-17.8%-20.0%-21.7%
Q1 2021+11.2%+11.4%+9.1%
Q4 2020-6.6%-2.8%-1.2%
Q3 2020+4.6%+19.3%+35.4%
Q2 2020+3.9%+7.5%-16.4%
Q1 2020-3.3%+5.2%+45.0%
Q4 2019+0.8%-7.9%-41.0%
Q3 2019+12.3%+12.5%+2.9%
Q2 2019+3.8%+5.9%+4.0%
Q1 2019+8.9%+2.4%-8.6%
Q4 2018+10.5%+12.0%-0.1%
Q3 2018+16.4%+24.1%+5.1%
Q2 2018+17.7%+18.1%+16.9%
Q1 2018+13.2%+16.2%+12.9%
Q4 2017+5.0%+0.0%+7.0%
Q3 2017-11.5%-8.8%-15.4%
Q2 2017-16.2%-16.9%-24.7%
Q1 2017-2.8%+0.3%-1.0%
Q4 2016-9.0%-10.2%-25.8%
Q3 2016-16.4%-16.4%+2.9%
Q2 2016+10.1%+15.0%+14.6%
Q1 2016-1.2%
Q4 2015+7.7%
Q3 2015+4.1%
Q2 2015+9.5%
Q1 2015+2.1%
Q4 2012-4.9%
Q4 2014-4.1%
Q3 2013-0.3%
Q3 2014-1.9%
Q2 2013+2.2%
Q2 2014-8.1%
Q1 2014
Q4 2013
Q1 2013

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