Posted August 2, 2017

NOW Inc. revenue up 30 percent

NOW Inc. said its second quarter revenue of $651 million for the second quarter of 2017 was up 30 percent year over year.

The company reported a net loss of $17 million for the quarter, versus $44 million a year ago. Diluted loss per share was 16 cents for the second quarter of 2017 compared to 40 cents a year ago.

“Solid gross margin gains and tightly managed expenses produced exceptionally strong incrementals of 35% in the quarter. Our ability to capitalize in a recovering market, with a focus on more lucrative transactions, while right-sizing our business, drove meaningful impacts to profitability,” said Robert Workman, president and CEO.