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Headquarters: Houston, TX
2014 Revenues: $3.5 billion
Change in Sales from 2013: -4.8%
Key Executives: Robert R. Workman, president & CEO; Daniel L. Molinaro, senior vice president & CFO; David A. Cherechinsky, vice president, chief controller & chief accounting officer
NOW Inc., which operates as DistributionNOW and WilsonExport, was spun off by National Oilwell Varco Inc. in June 2014. The distributor serves primarily the oil and gas industry and supports land and offshore operations throughout the world, with two-thirds of the business in the U.S., 16 percent in Canada and 16 percent in other international markets, according to a presentation linked on its website. By channel, the distributor reports 18 percent of its revenue is from supply chain management and 82 percent from energy branches.
In 2014, the Company completed three small acquisitions, expanding NOW’s presence in the United States.
The steep decline in oil prices and slowed activity in the shale plays in the U.S., however, have provided a more challenging environment since the beginning of 2015.
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