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NOW Inc. (NYSE: DNOW), Houston, Texas, reported first quarter sales of $785 million, up 3% compared with the first quarter of 2018. Profit was $18 million for the quarter, compared with $2 million a year ago, the company said.
“We are excited that the organization was able to generate year over year and sequential revenue growth, especially considering the slowdown in completions in North America at the end of 2018 and persistent takeaway issues in both the Permian Basin and Canada,” said Robert Workman, president and CEO of NOW Inc.“Top line improvements with midstream customers and increased activity with offshore operators and drilling contractors aided in producing these results.”