Posted November 4, 2021

NOW Inc. sales soar 34.7 percent

NOW Inc. revenue of $439 million for the third quarter of 2021 soared by 34.7 percent from $326 million in the same period last year.

Net income of $5 million, or 5 cents per diluted share, compared to a loss of $22 million, or a loss of 20 cents per share, in last year's third quarter.

"Despite facing the pervasive effects of the continued worldwide pandemic, particularly global supply chain disruptions, product scarcity, industry labor shortages and elevated transportation costs, our global DNOW team delivered as a reliable source of critical products and services for our customers amid growing demand," said David Cherechinsky, president and CEO.