DNOW Shares Drop After Swing to Loss

Dow Jones02-20

By Chris Wack

DNOW shares were 14% lower, at $14.14, after the company said it swung to a loss in the fourth quarter due to transaction charges related to its purchase of MRC Global.

The company reported a quarterly loss of $147 million, or 95 cents a share, compared with earnings of $23 million, or 21 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of $23.9 million, or 15 cents a share.

Revenue for the quarter was $959 million, compared with last year's $571 million and the $962.3 million analysts were expecting.

Adjusted earnings were 15 cents a share, in line with analyst expectations.

In November, DNOW completed its acquisition of MRC Global in an all-stock deal. The company said its loss for the quarter was primarily due to transaction charges. DNOW said its annual merger cost synergies are ahead of plan, with first-year savings now projected at $23 million, or 35% above target.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

February 20, 2026 10:20 ET (15:20 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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