NOW Inc. (NYSE: DNOW), a supplier of energy and industrial products, as well as packaged, engineered process and production equipment, announced revenue for the first quarter ending March 31, 2022, was $473 million, up 31% from $361 million in the first quarter of 2021. Profit was $30 million.
Don’t miss any content from Distribution Strategy Group. Join our list.
“I am thrilled to see our execution translate into stellar results again this quarter, outperforming our revenue expectations and driving significantly improved earnings. Over the past two years, the tremendous actions taken by our talented employees to positively transform the business is remarkable and have profoundly upgraded the trajectory of DNOW,” President and CEO David Cherechinsky said.
Jonathan Bein, Ph.D. is Managing Partner at Distribution Strategy Group. He’s
developed customer-facing analytics approaches for customer segmentation,
customer lifecycle management, positioning and messaging, pricing and channel strategy for distributors that want to align their sales and marketing resources with how their customers want to shop and buy. If you’re ready to drive real ROI, reach out to Jonathan today at
jbein@distributionstrategy.com.