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The latest announcement is out from Now ( (DNOW) ).
On January 24, 2025, DNOW Inc. announced a new share repurchase program authorized by its Board of Directors, allowing the company to buy back up to $160 million of its common stock. This initiative, which is double the size of its previous $80 million program, reflects DNOW’s strategic focus on acquisition growth and organic investment, while aiming to deliver significant returns to shareholders and enhance its market positioning. The program provides flexibility in capital return and underscores the company’s commitment to disciplined capital allocation, although the timing and occurrence of share repurchases remain dependent on market conditions and other factors.
More about Now
DNOW Inc. is a supplier of energy and industrial products, offering packaged, engineered process and production equipment. The company, with over 2,500 employees and a network of locations, provides supply chain solutions and digital offerings under the brand DigitalNOW®. DNOW serves a variety of sectors including exploration and production, refineries, utilities, and companies in the decarbonization and renewables markets.
YTD Price Performance: 6.56%
Average Trading Volume: 839,909
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.46B
For a thorough assessment of DNOW stock, go to TipRanks’ Stock Analysis page.
