NOW Inc (DNOW) is a global supplier of oilfield equipment, products, and services to the energy industry. The company operates through three segments: United States, Canada, and International. NOW Inc offers a wide range of products and solutions, including drilling and completion fluids, artificial lift equipment, tubular goods, valves, fittings and flanges, electrical products, and power generation equipment. The company serves customers in various sectors, including oil and gas exploration, production, and refining. NOW Inc works closely with its customers to provide customized solutions that meet their specific needs and requirements.
In terms of financials, NOW Inc has been performing well. The company reported total revenue of $2.07 billion in the most recent fiscal year. Gross profit for the period was $386 million, while net income from stockholders was $12 million. NOW Inc's income statement shows that the company has a strong EBITDA of $168 million, indicating its profitability. The balance sheet reflects a healthy financial position, with total assets of $1.6 billion, total liabilities of $1 billion, and stockholders' equity of $600 million. NOW Inc also has cash equivalents of $50 million and net debt of $180 million. The company's cash flow statement reveals positive operating cash flow of $60 million, financing cash flow of $10 million, and investing cash flow of $15 million. Additionally, NOW Inc generates free cash flow of $35 million, which provides flexibility for future investments and growth opportunities in the industry.
In conclusion, NOW Inc (DNOW) is a leading global supplier of oilfield equipment, products, and services. The company has a strong financial position, with solid revenue, profitability, and cash flow. NOW Inc's focus on providing customized solutions to its customers has helped it maintain a competitive edge in the energy industry. With its diverse product offering and global presence, NOW Inc is well-positioned for future growth and success.