Dnow Shares Rise to 52-Week High After 4Q Beat

Dow Jones

Feb 14, 2025

By Sabela Ojea

Shares of Dnow on Thursday jumped to a new 52-week high after the company's fourth-quarter adjusted earnings and revenue came ahead of Wall Street expectations.

The stock was up 20% to $16.98 in midday trading. Shares are up 30% year to date, and have surged 45% over the past 12 months.

The stocking supplier of energy and industrial solutions, products and engineered equipment packages posted a net profit of $23 million, or 21 cents a share, compared with $147 million, or $1.35 a share, for the same period a year earlier.

Stripping out one-time items, the company's earnings per share came in at 25 cents. Analysts polled by FactSet had forecast adjusted earnings of 13 cents a share.

Revenue rose 2.9% to $571 million, beating Wall Street expectations of $553.9 million, according to FactSet.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

February 13, 2025 13:11 ET (18:11 GMT)

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Shares are up 30% year to date, and have surged 45% over the past 12 months. \n\n\n  The stocking supplier of energy and industrial solutions, products and engineered equipment packages posted a net profit of $23 million, or 21 cents a share, compared with $147 million, or $1.35 a share, for the same period a year earlier. \n\n\n  Stripping out one-time items, the company's earnings per share came in at 25 cents. 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