DNOW Inc. (DNOW)

On November 5, 2025, the day before the acquisition closed, DNOW held its Q3 2025 earnings call.

Net loss is not allocated to unvested ... attributable to these participating securities was excluded from net income attributable to DNOW Inc. stockholders in the numerator of the earnings per share computation....

DNOW Inc. (DNOW) is back in focus after Q1 2026 earnings linked its first full quarter with MRC Global to higher sales, a swing to a net loss, and ongoing ERP integration challenges. See our latest analysis for DNOW. The Q1 2026 update and renewed ERP challenges come after a sharp 20.02% decline ...

Additionally, revenue growth over the past two years was offset by new share issuances, leading to a 13.9% annual drop in earnings per share. The analysis also points to eroding returns on capital from an already low base, suggesting that recent management investments are destroying value. DNOW ...

Vanguard Portfolio Management reports beneficial ownership of 10,495,011 DNOW shares, representing 5.63% of common stock, with sole dispositive power and limited voting power.