NOW Inc. Sales Down 30% in 2016 - Modern Distribution Management

Log In

NOW Inc. Sales Down 30% in 2016

Fourth quarter sales decrease 16.5 percent.
Author
Date

NOW Inc. (NYSE: DNOW), Houston, TX, reported sales for 2016 of $2.1 billion, a decrease of 30 percent from the previous year. The company reported a loss of $234 million, compared to a loss of $502 million in 2015.

Fourth-quarter sales were $538 million, a decrease of 16.5 percent from the same period the previous year. The company reported a loss of $71 million, compared to a loss of $249 million in 4Q 2015.

Fourth-quarter sales in the U.S. were $379 million, down 12 percent year-over-year, while sales in Canada decreased 8 percent to $73 million. International sales were down 26 percent to $86 million.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.