Dnow Inc. · NYSE:DNOW
Dnow — Q1 2025 Earnings Presentation
13 slides from Dnow's earnings presentation, May 7, 2025
Slide 1: Key Takeaways First Quarter 2025
© 2025 DNOW. All Rights Reserved Key First Quarter 2025 Takeaways
Slide 2: Disclosure Statement
Disclosure Statement Statements made in the course of this presentation that state the Company's or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. It is important to note that the Company's actual results could differ materially fro
Slide 3: Key Takeaways
Key Takeaways F i r s t Q u a r t e r 2 0 2 5 Presentation Key Takeaways Revenue of $599M for the first quarter, an increase of 5% sequentially, better than expected and up 6% year-over-year GAAP Net Income attributable to DNOW Inc. of $22M for the first quarter; GAAP diluted EPS attributable to DNO
Slide 4: Key Market Indicators
Key Takeaways F i r s t Q u a r t e r 2 0 2 5 Presentation Key Market Indicators WTI/Rig Counts U.S. Completions* U.S. DUCs* WTI avg of $72 per barrel for 1Q25 March ended with a U.S. March ended with a DUC • completions count of 934 wells in count of 5,306 wells in EIA U.S. avg rig count of 588 EIA
Slide 5: 1Q25 Segment Results (Year-over-Year)
KeyTakeaways Key Takeaways FFi irrsstt QQuuaarrtteerr 22002255 Presentation Presentation 1Q25 Segment Results (Year-over-Year) 1Q24 1Q25 Var. Var. % United States United States 435 474 39 9% Revenue increased on a year-over-year basis Canada 66 62 (4) -6% driven primarily by contributions from acqui
Slide 6: Selected Quarterly Results
Key Takeaways F i r s t Q u a r t e r 2 0 2 5 Presentation Selected Quarterly Results Net Income attributable to DNOW Inc. excl. Revenue & Gross Margin Percent Other Costs (Non-GAAP) ($ in millions) ($ in millions) 23.5% 23.4% 23.3%* 23.2%* 22.6% 22.8% 22.9%* 22.3% * 21.8% $633 $28 $27 $28 $28 $27 $
Slide 7: Selected Quarterly Results
Key Takeaways F i r s t Q u a r t e r 2 0 2 5 Presentation Selected Quarterly Results EBITDA excl. Other Costs (Non- GAAP) Free Cash Flow* ($ in millions) ($ in millions) 8.0% 7.9% 7.9% 7.9% 7.9% 7.8% 6.9% 6.9% 7.7% $119 $103 $79 $80 $72 $50 $47 $47 $46 $45 $46 $44 $42 $39 $18 $0 $(11) © 2025 DNOW.
Slide 8: Selected Quarterly Results
Key Takeaways F i r s t Q u a r t e r 2 0 2 5 Presentation Selected Quarterly Results Working Capital excl. Cash and as % of Revenue Total Liquidity at March 31, 2025 ($ in millions) ($ in millions) 17.7% 17.5% 17.6% 15.6% 15.8% 16.4% 15.7% 16.2% 14.4% $219 $567 million $410 $416 $414 $371 $395 $380
Slide 9: Capital Allocation Framework
Key Takeaways F i r s t Q u a r t e r 2 0 2 5 Presentation Capital Allocation Framework Formidable Balance Sheet… … to fund growth and capital allocation program Working Capital Efficiency Fund organic growth and efficient operations Efficient use of working capital • Working Capital needs as a perc
Slide 10: Strategic Growth Plan to Increase Shareholder Value
Key Takeaways F i r s t Q u a r t e r 2 0 2 5 Presentation Strategic Growth Plan to Increase Shareholder Value Focused on growing sustainable earnings and free cash flow through the cycle Share buyback Inorganic Support organic program accumulation Additional growth through strategy to grow • Repurc
Slide 11: Significant Improved Earnings
Key Takeaways F i r s t Q u a r t e r 2 0 2 5 Presentation Significant Improved Earnings Key trends and financial performance as market activity changes 2H 2014 ƚ 2018 2023 2024 1Q25 U.S. Rigs: 1,907 U.S. Rigs: 1,032 U.S. Rigs: 689 U.S. Rigs: 600 U.S. Rigs: 588 U.S. Completions: 6,865 U.S. Completio
Slide 12: Wrap-Up
Key Takeaways F i r s t Q u a r t e r 2 0 2 5 Presentation Wrap-Up Strong start to 2025, growing revenue and EBITDA both sequentially and year-over-year through the continued execution of our growth strategy, despite relative flatness in U.S. rigs and a decline in U.S. completions Continued strength
Slide 13: Investor Relations
Investor Relations Brad Wise Vice President, Digital Strategy & Investor Relations Contact email: ir@dnow.com For the most recent investor presentation, please click here