Earnings Call Summary | DNOW Inc(DNOW.US) Q4 2023 Earnings Conference
Earnings Call Summary | DNOW Inc(DNOW.US) Q4 2023 Earnings Conference
The following is a summary of the Dnow, Inc. (DNOW) Q4 2023 Earnings Call Transcript:
以下是德诺公司(DNOW)2023年第四季度财报电话会议记录的摘要:
Financial Performance:
财务业绩:
DNOW reported an increase in revenues to $2.32 billion for the full year 2023, which is a 9% increase year-over-year.
DNOW's Q4 2023 revenues stand at $555 million, which represents a 1% increase year-over-year.
The company's gross margin percentage for 2023 was 23.1%, making it the second best in its history.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) for 2023 was at 7.9% of revenues.
DNOW surpassed its cash flow projections by generating $171 million in free cash flow in 2023.
The company ended Q4 with no debt and a cash position of $299 million, and a total liquidity of $626 million.
DNOW报告称,2023年全年收入增长至23.2亿美元,同比增长9%。
DNOW 2023 年第四季度的收入为 5.55 亿美元,同比增长 1%。
该公司2023年的毛利率为23.1%,是其历史上第二好的毛利率。
2023年扣除利息、税项、折旧和摊销前的收益(EBITDA)占收入的7.9%。
DNOW 在 2023 年创造了 1.71 亿美元的自由现金流,超出了其现金流预期。
该公司在第四季度末没有债务,现金状况为2.99亿美元,总流动性为6.26亿美元。
Business Progress:
业务进展:
The U.S. Process Solutions of the company achieved significant double-digit revenue growth across all units for the full year.
EcoVapor Zero 2 solutions, directed towards the renewable fuels market, demonstrated sales growth.
Plans to acquire Whitco Supply are underway which could boost earnings and free cash flow.
DNOW is increasing its focus on carbon capture and storage markets due to significant capital investments from their current customers.
Developments are being made to existing businesses and new revenue streams to increase earnings and free cash flow.
For the first quarter of 2024, DNOW has predicted a sequential revenue increase in the 0% to 5% range when compared to Q4 2023.
该公司的美国工艺解决方案全年所有部门均实现了显著的两位数收入增长。
面向可再生燃料市场的EcoVapor Zero 2解决方案显示了销售增长。
收购Whitco Supply的计划正在进行中,这可能会增加收益和自由现金流。
由于现有客户的大量资本投资,DNOW越来越关注碳捕集和封存市场。
正在发展现有业务和新的收入来源,以增加收益和自由现金流。
DNOW预测,与2023年第四季度相比,2024年第一季度的收入将连续增长0%至5%。
More details: DNOW Inc IR
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