NYSE$DNOW

DNOW Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported stronger than expected results due to profound cost transformation.

NOW Inc. reported a revenue of $319 million for Q4 2020. The company's net loss was $44 million, with a non-GAAP net loss of $28 million. The company's cash and cash equivalents was $387 million and free cash flow was $55 million.

  • Revenue was $319 million for the fourth quarter of 2020
  • Net loss was $44 million and non-GAAP net loss excluding other costs was $28 million for the fourth quarter of 2020
  • Diluted loss per share was $0.40 and non-GAAP diluted loss per share excluding other costs was $0.25 for the fourth quarter of 2020
  • Free cash flow for the fourth quarter of 2020 was $55 million

Headline financials

Total Revenue

$319M

Previous: $639M-50.1%
EPS (adj)

-$0.25

Previous: -$0.05-400.0%
Capital Expenditures

$1M

Previous: $5M-80.0%
Free Cash Flow

$55M

Previous: $69M-20.3%
Net Income

-$44M

Previous: -$139M+68.3%
Operating Income

-$37M

Previous: -$137M+73.0%
Gross Profit

$45M

Previous: $125M-64.0%
Cash & Equivalents

$387M

Previous: $183M+111.5%
Total Assets

$1.01B

Previous: $1.59B-36.6%

Revenue & EPS history

NOW · Revenue · Quarterly

$319M

Q4 2020-50.1%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Company has profound cost transformation, buoyed by favorable oil price trends, the completion of our first acquisition of the year, the promise of vaccines, and a hunger for getting back to life as we once enjoyed it, all give us plenty to be excited about as we enter 2021.

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 Q4 2020

Historical avgQ4 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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