The 2020 Mid-Year Economic Update_long

NOW Inc. Sales Nearly Cut in Half in 2020

NOW Inc., which reported a loss of $427 million for the year, also saw revenue sink 45.1% in in 2020.
NOW Inc.

NOW Inc. (NYSE: DNOW), Houston, reported 2020 sales of $1.6 billion, down 45.1% over 2019. The company reported a loss of $427 million, compared to a loss of $97 million a year ago.

In the fourth quarter, NOW reported sales of $319 million, a 50.1% decrease from the same period a year ago. The company reported a loss of $44 million, compared to a loss of $139 million a year ago.

In the fourth quarter, sales in the U.S. were down 52.1% to $224 million, sales in Canada were down 36.8% to $48 million and international sales were down 50.5% to $47million.

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