DNOW (DNOW) International Revenue Performance Explored

Core Insights - The performance of DNOW's international operations is crucial for assessing its financial resilience and growth prospects in the current interconnected global economy [1][2] Group 1: International Revenue Performance - DNOW's total revenue for the quarter was $563 million, reflecting a year-over-year decline of 3.6% [4] - Revenue from Canada was $66 million, accounting for 11.7% of total revenue, which was a surprise decline of 6.91% compared to analyst expectations [5] - International revenue contributed $62 million, making up 11.0% of total revenue, which was a surprise decline of 20.72% from the consensus estimate [6] Group 2: Future Revenue Projections - Analysts expect DNOW to report $638 million in total revenue for the current fiscal quarter, indicating a 7.4% increase from the year-ago quarter [7] - For the full year, total revenue is projected to reach $2.48 billion, representing a rise of 6.9% from the previous year, with Canada and International expected to contribute 11.3% ($279.6 million) and 12.5% ($310 million) respectively [8] Group 3: Market Context and Stock Performance - The reliance on international markets presents both opportunities and challenges for DNOW, making it essential to monitor international revenue movements for future projections [9] - Over the past four weeks, DNOW's stock value has decreased by 8%, while the S&P 500 composite increased by 2.5% [13] - In the last three months, DNOW's shares increased by 8.3%, outperforming the S&P 500's 5.3% increase [13]