Posted August 8, 2019

NOW Inc. 2Q revenue flat

NOW Inc. reported that its revenue of $776 million for the second quarter of 2019 compared to $777 million in the same period last year.

Net income was $14 million for the second quarter of 2019, unchanged from a year ago.

Diluted earnings per share of 12 cents for the quarter was unchanged from last year.

“We are pleased by the performance of our U.S. Process Solutions team as they exceeded pre-acquisition second quarter 2014 revenue levels, back when U.S. rig counts were nearly double the levels we’re seeing today," said Robert Workman, president and CEO.

NOW Inc. operates primarily under the DistributionNOW and Wilson Export brands.