Stock Track | NOW Inc. Reports Mixed Q2 2024 Results Amid Challenging Market Conditions

Stock Track08-08

NOW Inc. (NYSE: DNOW), a leading distributor of energy and industrial products, reported mixed results for the second quarter of 2024 amid challenging market conditions. The company's revenue rose 6.6% year-over-year to $633 million, in line with analysts' expectations, while its non-GAAP earnings per share (EPS) of $0.25 beat estimates by $0.01.

The company's performance was driven by continued demand for its products and services, particularly in the United States market, where revenue increased by 12.3% compared to the same period last year. However, international markets remained challenging, with revenue declining by 9.7% due to ongoing geopolitical tensions and economic uncertainties.

Despite the revenue growth, NOW Inc.'s profitability remained under pressure due to higher input costs and supply chain disruptions. The company's gross margin remained flat at 21.8%, while its EBITDA margin, excluding other costs, was 7.9%, in line with the same quarter last year.

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Reports Mixed Q2 2024 Results Amid Challenging Market Conditions\n</h2>\n\n<h4 class=\"meta\">\n\n2024-08-08 01:12 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NOW Inc. (NYSE: DNOW), a leading distributor of energy and industrial products, reported mixed results for the second quarter of 2024 amid challenging market conditions. 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