Earnings Call Summary | DNOW Inc(DNOW.US) Q1 2024 Earnings Conference
Earnings Call Summary | DNOW Inc(DNOW.US) Q1 2024 Earnings Conference
The following is a summary of the DNOW Inc. (DNOW) Q1 2024 Earnings Call Transcript:
以下是DNOW Inc.（DNOW）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
DNOW Inc. reported Q1 2024 total revenue of $563 million, a 1% increase from Q4 2023.
Strong free cash flow generated in Q1 2024 at $80 million, with a revised full-year target of $200 million for 2024.
The company ended Q1 2024 debt-free with cash of $188 million on hand.
There is a continued share repurchase program, with $58 million repurchased as of March 31 under its $80 million authorization.
The 2024 full-year revenue target is set for an increase in the mid-to-high single-digit range compared to 2023, with EBITDA percent of revenue similar to the previous year.
DNOW Inc.報告稱，2024年第一季度總收入爲5.63億美元，較2023年第四季度增長1％。
2024年第一季度產生了強勁的自由現金流，達到8000萬美元，修訂後的2024年全年目標爲2億美元。
該公司在2024年第一季度結束時沒有債務，手頭現金爲1.88億美元。
股票回購計劃仍在繼續，截至3月31日，根據其8000萬美元的授權，已回購了5800萬美元。
2024年全年收入目標設定爲與2023年相比在中高個位數區間內增長，息稅折舊攤銷前利潤佔收入的百分比與上年相似。
Business Progress:
業務進展：
DNOW's strategy revolves around diversified growth, tapping into the energy evolution and adjacent industrial markets.
Significant progress is being made in their digital initiatives, with digital revenue as a percent of total SIP revenue increasing to 49% in Q1 2024.
The acquisition of Whitco Supply in Q1 2024 has contributed significantly to the revenue increase, leading to a positive impact on future financial performance.
The company showed an international presence with Q1 2024 revenue of $62 million, noting steady activity in Europe, the UK, and Australia.
Rebranding, including a new logo, signifies the company's transformation and growth vision.
Predicted sequential revenue growth in the U.S. and internationally for Q2, while the Canada revenue may decline due to seasonal factors with projected revenue increase from 10% to 15% from Q1 2024.
DNOW 的戰略圍繞多元化增長，開拓能源演進和鄰近的工業市場。
他們的數字化計劃正在取得重大進展，數字收入佔SIP總收入的百分比在2024年第一季度增長到49％。
2024年第一季度對Whitco Supply的收購爲收入增長做出了重大貢獻，對未來的財務業績產生了積極影響。
該公司表現出國際影響力，2024年第一季度收入爲6200萬美元，並注意到歐洲、英國和澳大利亞的業務穩定。
品牌重塑，包括新徽標，標誌着公司的轉型和增長願景。
預計第二季度美國和國際收入將連續增長，而加拿大的收入可能會因季節性因素而下降，預計收入從2024年第一季度增長10％至15％。
More details: DNOW Inc IR
更多詳情： DNOW Inc IR
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譯文內容由第三人軟體翻譯。