NYSE$DNOW

DNOW Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported second quarter results with revenue of $400 million and a net loss of $2 million.

NOW Inc. reported stronger than anticipated performance for the second quarter of 2021, driven by sequential revenue growth and record gross margins. The company's strategy led to gains in both top and bottom lines. With total liquidity of $528 million and zero debt, NOW Inc. is positioned for organic growth and inorganic opportunities.

  • Revenue was $400 million for the second quarter of 2021.
  • Net loss was $2 million for the second quarter of 2021.
  • Diluted loss per share was $0.02 for the second quarter of 2021.
  • Free cash flow for the second quarter of 2021 was $7 million.

Headline financials

Total Revenue

$400M

Previous: $370M+8.1%
EPS (adj)

-$0.02

Previous: -$0.16+88.6%
Capital Expenditures

-$2M

Previous: -$5M+60.0%
Free Cash Flow

-$4M

Previous: -$35M+88.6%
Net Income

-$2M

Previous: -$30M+93.3%
Operating Income

-$8M

Previous: -$29M+72.4%
Gross Profit

$85M

Previous: $68M+25.0%
Cash & Equivalents

$293M

Previous: $269M+8.9%
Total Assets

$1.07B

Previous: $1.07B+0.1%

Revenue & EPS history

NOW · Revenue · Quarterly

$400M

Q2 2021+8.1%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company remains focused on generating greater operating efficiencies while enhancing its differentiated offering to customers. NOW Inc.'s size and scale strengthen its value proposition as customers navigate industry consolidation, supply disruptions, and the energy transition.

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 2021

Historical avgQ2 2021

+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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