UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36325 NOW INC. (Exact name of registrant as specified in its charter) Delaware 46-4191184 (State or other jurisdiction of (I.R.S. Employer incorporation or or ...

NOW Inc. (NYSE:DNOW) Q2 2020 Earnings Conference Call August 5, 2020 9:00 AM ET Company Participants Brad Wise - Vice President, Marketing and Investor Relations Dave Cherechinsky - President and Chief Executive Officer Mark Johnson - Senior Vice President and Chief Financial Officer Conference Call Participants Vaibhav Vaishnav - Scotiabank Nathan Jones - Stifel Steve Barger - KeyBanc Capital Markets Sean Meakim - JPMorgan Doug Becker - Northland Capital Jon Hunter - Cowen Operator Good morning, and welcom ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36325 NOW INC. (Exact name of registrant as specified in its charter) Delaware 46-4191184 (State or other jurisdiction of (I.R.S. Employer incorporation or organiz ...

Financial Data and Key Metrics Changes - Revenue for Q1 2020 was $604 million, a sequential decline of $35 million or 5%, and down $181 million or 23% compared to Q1 2019 [17][41] - Gross margins were 19.4%, a decline of 20 basis points sequentially and 70 basis points year-over-year, primarily due to $9 million in inventory charges [45] - Net loss for Q1 was $331 million or $3.03 per diluted share, with other costs totaling $325 million pretax [50][52] - Cash totaled $202 million at the end of Q1, the highest cash position since Q2 2014, with no outstanding borrowings [53][55] Business Segment Data and Key Metrics Changes - U.S. revenue was $441 million, a sequential decline of $27 million or 6%, with rig count down 4% and average completions down 12% [17][43] - Canadian revenue was $78 million, a sequential increase of $2 million or 3%, while International revenue was $85 million, a sequential decline of $10 million or 11% [17][44] - U.S. Supply Chain Services revenue declined 15% sequentially, primarily due to lower activity with major partners [20] - U.S. Process Solutions revenue was down 3%, partially offset by midstream and downstream activity [21] Market Data and Key Metrics Changes - Market conditions deteriorated significantly in March, with revenues down 33% in April compared to the Q1 monthly average [42] - U.S. rig counts averaged 791 in the first 11 weeks of Q1 but dropped by 384 rigs in the last seven weeks [42] - International revenue declines were attributed to closures in the U.K. and reduced activity in the Middle East and Asia [24] Company Strategy and Development Direction - The company is focused on a structural transformation to reduce costs and improve efficiency, including significant personnel reductions and technology investments [30][63] - The DigitalNOW initiative aims to enhance customer engagement and operational efficiency through digital tools [35][96] - The company plans to maintain a strong balance sheet with zero debt and ample liquidity to navigate the downturn and position for future growth [16][73] Management's Comments on Operating Environment and Future Outlook - Management noted that the oil and gas industry is facing unprecedented challenges due to COVID-19 and falling oil prices, but emphasized the company's resilience and commitment to ESG goals [13][11] - The outlook for Q2 and the full year remains uncertain, with no specific revenue guidance provided due to market volatility [40][67] - Management expressed confidence in the company's ability to capture market share during the downturn and emphasized the importance of cash preservation [68][72] Other Important Information - The company has implemented a series of cost reduction initiatives and expects to achieve $100 million in savings for 2020 compared to 2019 [64] - The CEO search process has been temporarily slowed due to COVID-19, with expectations to select a new CEO by Q3 2020 [75][76] Q&A Session Summary Question: Outlook for Q2 revenues and activity declines - Management acknowledged the significant declines in activity and indicated that a 10% to 15% decline in International revenues seems reasonable, while U.S. upstream revenues may also see substantial declines [80][81] Question: Expectations for free cash flow and working capital - Management projected free cash flow for the year could range from $75 million to $125 million, depending on revenue declines and asset liquidity [88][90] Question: Differentiation of DigitalNOW offering - Management highlighted that DigitalNOW is aimed at improving internal efficiencies and enhancing customer engagement, positioning the company ahead of smaller competitors [93][96] Question: G&A reductions and target exit rate for WSA - Management expects WSA to be in the low $110 million range for Q2, with a long-term goal of reducing WSA to 15% or better of revenue [102][104]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36325 NOW INC. (Exact name of registrant as specified in its charter) Delaware 46-4191184 (State or other jurisdiction of (I.R.S. Employer incorporation or organi ...

NOW Inc. (NYSE:DNOW) Q4 2019 Earnings Conference Call February 19, 2020 9:00 AM ET Company Participants Dave Cherechinsky - SVP and CFO Dick Alario - Interim CEO Conference Call Participants Blake Hirschman - Stephens Inc. Walter Liptak - Seaport Global Sean Meakim - JPMorgan Steve Barger - KeyBanc Capital Markets Jon Hunter - Cowen Operator Welcome to the DistributionNOW Fourth Quarter 2019 and Year End Earnings Call. My name is John, and I'll be your operator for today's call. At this time, all participan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE YEAR ENDED DECEMBER 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-36325 NOW INC. (Exact name of registrant as specified in its charter) Delaware 46-4191184 (State of Incorporation) (IRS Identification No.) 7402 North Eldridge Parkway, Houst ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36325 NOW INC. (Exact name of registrant as specified in its charter) Delaware 46-4191184 (State or other jurisdiction of (I.R.S. Employer incorporation or or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36325 NOW INC. (Exact name of registrant as specified in its charter) Delaware 46-4191184 (State or other jurisdiction of (I.R.S. Employer incorporation or organiz ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36325 NOW INC. (Exact name of registrant as specified in its charter) Delaware 46-4191184 (State or other jurisdiction of (I.R.S. Employer incorporation or organi ...