Posted May 10, 2019

NOW Inc. revenue up 3 percent

NOW Inc. reported that first quarter revenue of $785 million was up three percent compared to $764 million in last year's first quarter. 

Net income of $18 million, or 16 cents per share, compared to income of $2 million, or 2 cents, a year ago.

“We are excited that the organization was able to generate year over year and sequential revenue growth, especially considering the slowdown in completions in North America at the end of 2018 and persistent takeaway issues in both the Permian Basin and Canada," said Robert Workman, president and CEO. "Top line improvements with midstream customers and increased activity with offshore operators and drilling contractors aided in producing these results."