DNOW
DNOW Inc.13.78
-0.30-2.13%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.56BP/E (TTM)
15.84Basic EPS (TTM)
0.87Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
HSR clearance for DNOW-MRC merger
DNOW Inc. advanced toward completing its merger with MRC Global Inc. after the HSR Act waiting period expired on October 6, 2025, clearing a key antitrust hurdle from the June 26 agreement. The deal, involving a two-step merger to make MRC Global a wholly-owned subsidiary, still awaits other regulatory nods and customary conditions. Progress accelerates integration. Yet risks linger if approvals falter.
8-K
DNOW merger vote passes
DNOW stockholders overwhelmingly approved the stock issuance for its pending merger with MRC Global on September 9, 2025, with 94.8 million votes in favor against just 38,000 opposed, clearing a key hurdle in the deal first announced June 26. This endorsement propels the transaction forward, blending the companies' operations under DNOW's umbrella. Votes tallied 88.6% quorum. Regulatory nods remain the final gate.
8-K
DNOW supplements merger proxy
DNOW Inc. issued supplemental disclosures to its joint proxy statement for the pending merger with MRC Global, addressing shareholder lawsuits alleging omissions in fairness opinions from Goldman Sachs and J.P. Morgan. These updates detail DCF analyses yielding equity value ranges of $15.70-$18.66 per DNOW share and $15.60-$19.39 per MRC Global share, plus public trading multiples from 7.0x to 9.4x on 2025 adjusted EBITDA. DNOW deems the claims meritless but supplements to sidestep delays. Shareholder actions risk prolonging the merger timeline.
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