This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
Latest In DNOW
The now-combined company also provided an update on MRC’s integration, and ERP system migration that has seen major challenges since launched in November.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
It creates an industrial PVF supply powerhouse with an enterprise value of about $3 billion.
Industrial PFV distributor DNOW announced its future leadership team that will be in effect after its landmark deal with MRC Global closes.
Both energy sector supplies distributors saw little movement year-to-year, but strong results compared to 1Q of this year.
Valued at $1.5 billion, the deal is set to result in a PVF and industrial supplies distributor with a combined revenue of around $5.4 billion and more than 350 locations worldwide.
DNOW reported an increase in sales during 1Q, improved profitability and continued growth through acquisitions, and followed with an April bolt-on in Singapore.
DNOW’s earnings show strong U.S. and Canada sales growth, but a decline in international performance, with the company projecting flat-to-modest growth for 2025.
DNOW’s repurchase of its common stock doubles its previously announced program of $80 million in 2022.
Trojan offers pump rental, automation technology and sales of layflat hose and other related equipment to customers primarily across the southern U.S.
The company posted an increase in its U.S. sales, but a decrease in both its Canadian and international sales year-over-year.
DNOW delivered $50 million in EBITDA on 7.9% in 2Q, a subtle increase from the year earlier.
1Q U.S. sales actually increased 2% year-over-year, driven by DNOW's acquisition of Whitco Supply that was completed during the quarter.
Overall 4Q and full year profit spiked on a deferred tax benefit, while sales continued low single-digit annual growth.
Whitco has about 30 employees across eight locations in Louisiana, Texas, New Mexico, Ohio and Pennsylvania.
Matching the company’s NYSE ticker symbol, the company said the change is an identity unifying step.
