NOW Inc.'s sales jump 31.4 percent
NOW Inc. reported third-quarter sales of $577 million, an increase of 31.4% from $439 million in the same period last year.
Net income of $40 million, or 35 cents per diluted share, improved from $5 million, or 5 cents, in last year's third quarter.
“The advancement of our strategic transformation continued into the third quarter as EBITDA as a percent of revenues reached 9.2% for the first time on expanded revenue and gross margins, across a more efficient fulfillment model. We generated $44 million in free cash flow in the quarter, while continuing to invest materially in people, inventory, facility and network enhancements," said David Cherechinsky, president and CEO.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
