DNOW Inc. (NYSE: DNOW)

DNOW Inc., a global distributor to the oil and gas and industrial markets, is a company with a rich legacy of over 160 years and a ticker symbol of DNOW. Headquartered in Houston, Texas, the company operates primarily under the DNOW brand, along with several affiliated brands that are tied to prior acquisitions. With a network of approximately 165 locations and around 2,475 employees worldwide, DNOW offers a complementary suite of digital procurement channels that provide products to the energy and industrial markets around the world.

DNOW operates in the distribution industry, which is highly fragmented and comprised of large companies with global reach and numerous small, local, and regional competitors. The company competes with other distributors, including large distributors with multiple locations and online ecommerce sites, as well as smaller regional and local companies that operate from a single location. Despite the competition, DNOW has established itself as a leading distributor to the oil and gas and industrial markets, with a strong legacy, global reach, and a commitment to employee growth and development, diversity and inclusion, and sustainability.

The company generates revenue through the sale of a wide range of products and services, including consumable maintenance, repair, and operating (MRO) supplies, pipe, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, pumping solutions, and modular process, production, measurement, and control equipment. DNOW also offers sourcing, procurement, warehouse, and inventory management solutions as part of its supply chain and materials management offering. The company operates through three reportable segments: United States (U.S.), Canada, and International.

The U.S. segment has approximately 105 locations, primarily serving the upstream, midstream, downstream, and renewable energy and industrial markets. The Canada segment has a network of approximately 40 locations, primarily serving energy exploration, production, mining, and drilling businesses. The International segment operates in approximately 15 countries and serves the needs of its international customers from approximately 20 locations outside the U.S. and Canada. DNOW's products and services cater to a wide range of industries, including oil and gas, petrochemical, chemical, power generation, mining, and industrial manufacturing, with customers including drilling contractors, well servicing companies, independent and national oil and gas companies, midstream operators, refineries, petrochemical, chemical, utilities, and renewable energy facilities.

DNOW has a strong focus on employee growth and development, offering market-competitive benefits, opportunities for growth and advancement, and a range of professional and leadership development programs. The company also recognizes the importance of diversity and inclusion, with a commitment to advancing an inclusive environment where diversity is appreciated and encouraged. In terms of sustainability, DNOW is committed to reducing its environmental impact. The company has implemented various initiatives to reduce its carbon footprint, including the use of efficient supply chain practices, recycling programs, and products that aid in the mitigation of environmental impact. DNOW also offers products that contain and control the movement of gases and fluids in an efficient and sustainable manner, and has a range of products that aid in the reduction of greenhouse gas emissions.

DNOW's primary products and services include consumable MRO supplies, pipe, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, pumping solutions, and modular process, production, measurement, and control equipment. These are offered through digital procurement channels, sourcing, procurement, warehouse, and inventory management solutions. The company's commitment to employee growth, diversity and inclusion, and sustainability sets it apart from its competitors, establishing DNOW as a leading distributor to the oil and gas and industrial markets.