DistributionNOW Inc. (DNOW) Reports Q1 EPS of $0.01 on Revenues of $764M

DistributionNOW Inc. (NYSE: DNOW) reported Q1 EPS of $0.01. Revenue for the quarter came in at $764 million.

Robert Workman, President and CEO of NOW Inc., added, “The impressive results produced in the first quarter signal a great start to 2018. We are focused on strategically growing the business by targeting more lucrative opportunities and continuing to deepen our relationships with customers, while minimizing operating expenses, to deliver value to our shareholders as the market expands.”

First Quarter 2018 Financial Highlights

• Revenue was $764 million for the first quarter of 2018, up 21 percent year over year and up 14 percent sequentially.
• Net income was $2 million for the first quarter of 2018, versus a net loss of $23 million a year ago. Non-GAAP net income excluding other costs was $1 million compared to a loss of $16 million in the first quarter of 2017.
• Diluted earnings per share was $0.02 for the first quarter of 2018 compared to a loss per share of $0.21 a year ago. Non-GAAP diluted earnings per share excluding other costs was $0.01 for the first quarter of 2018 compared to a loss per share of $0.15 in the first quarter of 2017.
• Non-GAAP EBITDA excluding other costs for the first quarter of 2018 was $16 million compared to a loss of $9 million in the first quarter of 2017.
• A $10 million pre-tax gain from the sale of property was included in the fourth quarter of 2017 results.

For earnings history and earnings-related data on DistributionNOW Inc. (DNOW) click here.

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