DNOW 8-K SEC Filing Analysis

Latest settled — T+20d

DNOW ▲ +1.38% at T+20d

NEUTRAL call ✓ call won +1.38% · α vs SPY -1.76% · entry $13.05 → $13.23

Next anchor: T+60d in 7w

Last close $14.03 (close Jun 12) · +7.51% from $13.05 entry

Entry anchored
May 7, 2026
via day open

T+1d

+0.15%

call +0.15% · α -0.68%

$13.07

settled 5w ago

T+5d

+0.69%

call +0.69% · α -0.81%

$13.14

settled 5w ago

T+20d

+1.38%

call +1.38% · α -1.76%

$13.23

settled 10d ago

T+60d

—

call — · α —

—

in 7w

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Executive Summary

DNOW reported Q1 2026 revenue of $1.183B (beat consensus of $1.07B by 10.6%) but adjusted EPS of $0.01 missed estimates of $0.06 (-83.3%). GAAP net loss was $44M, driven by integration costs and ERP transition headwinds. Adjusted EBITDA margin fell to 3.3% from 7.7% a year ago, reflecting ongoing challenges from the MRC Global merger.

Key Financial Metrics

Gross Margin

16.3%

Actionable Insight

The mixed results (revenue beat vs EPS miss) suggest the market will focus on the dilutive impact of the MRC merger and ERP issues. Monitor the upcoming conference call for synergy update and guidance. Elevated net debt (2.3x leverage) limits buyback capacity despite $50M repurchase.

Key Facts

Revenue $1.183B vs $599M YoY (+97.5%, primarily from MRC Global acquisition)
Adjusted EPS $0.01 vs consensus $0.06 (miss of $0.05)
GAAP net loss attributable to DNOW Inc. $(44)M or $(0.24) per diluted share
Adjusted EBITDA $39M (3.3% of revenue) vs $46M (7.7%) in prior Q1
Repurchased $50M of common stock during the quarter
Completed acquisition of Edge Controls for $46M
Cash used in operating activities $95M; net debt leverage ratio 2.3x

Financial Impact

Revenue beat by ~$113M, but adjusted EPS missed by $0.05. Net loss of $44M indicates ongoing integration costs.

revenueepsadjusted ebitda margincash flow

Risk Factors

Integration risks from MRC Global merger and ERP conversion
Sustained adjusted EBITDA margin compression below 4%
Further dilution from share issuance if debt refinancing needed

Market Snapshot

Exchange

NYSE

Sector

Oil & Gas Field Machinery & Equipment

Analyst Consensus

89% bullish (9 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001193125-26-210260
Document: dnow-20260507.htm	0001193125-26-210260
Document: 0001193125-26-210260-index-headers.html	0001193125-26-210260
Document: 0001193125-26-210260-index.html	0001193125-26-210260
Document: 0001193125-26-210260.txt	0001193125-26-210260
8-K Data (Synthetic)	0001193125-26-210260

3 reports for DNOW

T+1T+5T+20T+60

Filters

Reports for DNOW — sortable, filterable
	Type				Now
Jun 11, 2026 3d ago	Institutional Cluster NEUTRAL ★ 3/10	$11.85 awaiting T+20	awaiting T+20	—	$14.03 (+18.40%)
May 7, 2026 5w ago	8-K MIXED ★ 5/10	$13.05 $13.23	▲ +1.38%	▼ −1.76%	$14.03 (+7.51%)
Apr 9, 2026 9w ago	DEFA14A NEUTRAL ★ 2/10	$12.25 $13.50	▲ +10.20%	▲ +2.64%	$14.03 (+14.53%)

US Market Status

Market Closed — Opens in 5h 8m

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