DNOW: Fourth Quarter Earnings Overview

DNOW Inc. Reports Fourth Quarter and Annual Financial Results

Houston-based DNOW Inc. announced on Friday that it recorded a net loss of $147 million for the fourth quarter.

The company reported a quarterly loss of 95 cents per share. After accounting for nonrecurring items, adjusted earnings stood at 15 cents per share.

During the same period, DNOW, which operates in the energy and industrial distribution sector, generated $959 million in revenue.

Looking at the full year, DNOW posted a total loss of $89 million, translating to a loss of 76 cents per share, with annual revenue reaching $2.82 billion.