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, 2022 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 ...

NOW Inc. (NYSE:DNOW) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Brad Wise - Vice President of Digital Strategy and Investor Relations David Cherechinsky - President and Chief Executive Officer Mark Johnson - Senior Vice President and Chief Financial Officer Conference Call Participants Nathan Jones - Stifel Jeff Robertson - Water Tower Research Sean Mitchell - Daniel Energy Partners Operator Good morning. My name is Sam, and I will be your conference operator today. At ...

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, 2022 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 ...

Financial Data and Key Metrics Changes - Revenues in Q2 2022 were $539 million, a 14% increase or $66 million growth over Q1 2022, and a 35% increase or $139 million year-over-year [40][41] - Gross margins reached 23.7%, up 110 basis points from Q1 2022, exceeding previous full-year guidance of 22% to 22.5% [45][40] - EBITDA for Q2 was $47 million, representing 8.7% of revenue, the highest level since being public [11][40] - GAAP net income for Q2 was $26 million or $0.23 per share, while non-GAAP net income excluding other costs was $29 million or $0.26 per share [50] Business Line Data and Key Metrics Changes - U.S. revenue was $408 million, up 22% sequentially and 38% year-over-year, driven by increased E&P customer activity [41][17] - Canadian revenue was $72 million, down 12% sequentially but up 41% year-over-year, marking the smallest second-quarter pullback on record [42][25] - International revenue was $59 million, up 4% sequentially and 11% year-over-year, with a 19% increase when excluding foreign currency impacts [43][44] Market Data and Key Metrics Changes - U.S. rig count growth was 13%, contributing to revenue growth in the U.S. segment [41][17] - International market conditions are improving, with increased offshore investments and activity in the Middle East and Southeast Asia [28][29] Company Strategy and Development Direction - The company is focused on maximizing efficiencies through regionalized fulfillment and enhancing customer proximity [14][17] - Recent acquisitions aim to fortify the company's position in non-commoditized customer solutions with better gross margins [35][37] - The company plans to invest in technology and training to improve operational efficiencies and customer service [96][98] Management's Comments on Operating Environment and Future Outlook - Management expects Q3 revenues to increase in the mid-single-digit percent range, with gross margins remaining at record high levels [64] - Full-year revenue is now expected to grow up to 30% compared to 2021, with EBITDA approximating 7% of full-year revenue [66] - The company anticipates generating positive free cash flow in 2022 despite potential seasonal revenue declines in Q4 [89][90] Other Important Information - The company has authorized an $80 million share repurchase program, reflecting confidence in its financial performance and balance sheet [38][62] - The company has ceased operations in Russia and reduced its footprint in certain international markets, impacting quarterly revenue by approximately $4 million [31][47] Q&A Session Summary Question: Can you comment on the upside drivers for gross margins in Q2? - Management noted that proactive inventory building and a large project contributed to higher gross margins, but expects margins to narrow slightly in Q3 [70][72] Question: What are the expectations for operating margins moving forward? - Management aims for a full-year EBITDA of 7%, with goals to grow further in future years [75][76] Question: What was the catalyst for the share repurchase announcement? - The catalyst was the belief that shares were undervalued, combined with a strong earnings profile and balance sheet [79] Question: How will free cash flow be impacted in the back half of the year? - Management expects a slight dip in free cash flow in Q4 due to seasonal revenue declines but remains optimistic about generating positive cash flow overall [88][90] Question: What is the outlook for international growth next year? - Management expressed optimism for double-digit growth in the international segment, supported by increasing activity and project opportunities [90]

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, 2022 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 - Total revenue for Q1 2022 was $473 million, a sequential increase of $41 million or 9.5% [45] - Year-over-year revenue growth was $112 million or 31% [45] - Gross margin for Q1 2022 was 22.6%, above the record 21.9% from 2021 [48] - GAAP net income for Q1 2022 was $30 million or $0.27 per share, while non-GAAP net income was $15 million or $0.14 per share [52] Business Line Data and Key Metrics Changes - U.S. revenue was $334 million, up 10% sequentially and 33% year-over-year [46] - Canada revenue grew to $82 million, a 14% sequential increase and 41% year-over-year [47] - International segment revenue was flat at $57 million sequentially but up 12% year-over-year [47] Market Data and Key Metrics Changes - The U.S. energy centers contributed approximately 79% of total U.S. revenues in Q1 2022 [46] - The company experienced growth in the Permian, Eagle Ford, Powder River, and Williston Basin markets [22] Company Strategy and Development Direction - The company is focused on transforming its business to serve as a critical link between global manufacturers and customers [11] - A regionalized project fulfillment strategy is being implemented, with plans to establish five supercenters by the end of the year [78] - The company aims to maintain a strong balance sheet with zero debt and significant liquidity to support growth and acquisitions [59] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the momentum in the business and the ability to generate positive cash flow despite growth [16][68] - The company raised its full-year revenue guidance to a 20% increase, with EBITDA to revenue incrementals approximating 20% [63] - Management noted the impact of geopolitical events, such as the Russian invasion of Ukraine, on energy security and demand for products [36] Other Important Information - The company has ceased operations in Russia, where revenues represented less than 1% of total [36] - The company is actively pursuing acquisitions, with a focus on smaller deals in the current market [74][75] - Workplace safety has improved, achieving a record low total recordable incident rate [65] Q&A Session Summary Question: Cash flow improvements despite growth outlook - Management highlighted improvements in working capital velocity and a leaner organization as key factors enabling positive cash flow [68][70] Question: Capital allocation strategy in the current market - Management confirmed plans to pursue acquisitions this year, despite higher seller expectations [74][75] Question: Impact of rig count and DUC count on future spending - Management indicated that the depletion of DUCs could lead to increased spending by customers in the future [76] Question: Regionalized fulfillment strategy progress - Management stated that the rollout of supercenters is more than halfway complete, focusing on customer proximity and efficiency [78] Question: WS&A expense growth in relation to revenue - Management expects WS&A expenses to grow at a lower rate than revenue, indicating a focus on efficiency [82][84] Question: Commodity pricing and potential upside - Management acknowledged the potential for price appreciation but noted that it depends on supply and demand dynamics [86]

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, 2022 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 2021 Earnings Conference Call February 17, 2022 9:00 AM ET Company Participants Brad Wise - Vice President of Digital Strategy and Investor Relations David Cherechinsky - President and Chief Executive Officer Mark Johnson - Senior Vice President and Chief Financial Officer Conference Call Participants Adam Farley - Stifel Tommy Moll - Stephens Jon Hunter - Cowen & Company Operator Welcome to the NOW Incorporated Fourth Quarter and Full Year 2021 Earnings Conference Call. My name is ...

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, 2021 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 ...

NOW Inc. (NYSE:DNOW) Q3 2021 Earnings Conference Call November 3, 2021 9:00 AM ET Company Participants Brad Wise - Investor Relations David Cherechinsky - President and Chief Executive Officer Mark Johnson - Senior Vice President and Chief Financial Officer Conference Call Participants Doug Becker - Northland Capital Jon Hunter - Cowen Nathan Jones - Stifel Operator Good morning and welcome to the Third Quarter 2021 DistributionNOW Earnings Conference. My name is Brandon and I will be your operator for toda ...