DNOW Reports Q3 2026 Earnings with Record Cash Flow and Margin Expansion
DNOW reported strong third-quarter 2026 financial results, highlighted by a sequential revenue increase to $1.337 billion and an adjusted EBITDA of $76 million. The company saw significant operational improvements, including its highest third-quarter cash flow from operations since 2015 ($120 million) and successful cost synergy realizations that exceeded initial projections. Growth was driven by strong performance in the U.S., Canada, and international segments, with specific strength noted in Process Solutions and Gas Utilities. While management issued a cautious sequential revenue guidance for Q4 due to seasonal factors, they raised full-year cash flow expectations toward the top end of their previous range and provided an optimistic EBITDA framework for 2027.
Tickers: $DNOW
Topics: adjusted EBITDA cash flow gross margin expansion inventory optimization revenue growth