DNOW Posts $959M Q4 Revenue and $147M Net Loss
DNOW posted a fourth-quarter revenue of $959 million, up 68% year-over-year, and reported a GAAP net loss of $147 million, or $0.95 per share, while adjusted earnings were $0.15 per share. Full-year revenue reached $2.82 billion with an $89 million net loss, or $0.76 per share.
1. Q4 Financial Results
DNOW recorded revenue of $959 million in the fourth quarter, reflecting a 68% increase year-over-year driven in part by the MRC Global acquisition. The company incurred a GAAP net loss of $147 million, or $0.95 per share, and generated adjusted earnings of $0.15 per share.
2. Full-Year Performance
For the full fiscal year, DNOW reported $2.82 billion in revenue and a net loss of $89 million, or $0.76 per share. Higher integration costs and expanded operating expenses pushed the Q4 operating margin to negative 17.7%, down from positive 5.1% in the prior-year quarter.