NOW Inc., (NYSE: DNOW), Houston, TX, supplier of energy and industrial products, reported sales for its fiscal 2022 second quarter ended June 30, 2022, were $539 million. Net profit for the quarter was $26 million.
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“Our great start to 2022 continued into the second quarter with another stellar performance,” said David Cherechnisky, President and CEO. “These results reflect the transformative two-year journey the entire organization has made, laying the groundwork for making this incredible turnaround indelible.”
Ian Heller is the Founder and Chief Strategist for Distribution Strategy Group. He has more than 30 years of experience executing marketing and e-business strategy in the wholesale distribution industry, starting as a truck unloader at a Grainger branch while in college. He’s since held executive roles at GE Capital, Corporate Express, Newark Electronics and HD Supply. Ian has written and spoken extensively on the impact of digital disruption on distributors, and would love to start that conversation with you, your team or group. Reach out today at iheller@distributionstrategy.com.