DNOW Inc. — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
DNOW reported Q2 2026 revenue of $1,307M (up 10% sequentially, 13% YoY in U.S. segment), with adjusted EBITDA of $60M (up 54% sequentially). Operating cash flow hit a record $133M for a second quarter. The company repurchased $75M of stock year-to-date under a $160M program—more shares in H1 2026 than in the prior 10 quarters combined. Net debt leverage improved to 1.7x; long-term debt stands at $474M with $114M cash on hand. Despite strong operational metrics, GAAP net loss was $21M (−$0.11/share) due to non-recurring charges; adjusted net income was $21M ($0.12/share).
Why this rating
Strong operational momentum and cash generation significant for ~$1.6B company; aggressive buyback signals confidence but uses cash that could deleverage faster. Moderate trajectory impact.
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