Latest news with #DNOW
Business Upturn
3 days ago
- Business
- Business Upturn
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MRC, DNOW, AVDX on Behalf of Shareholders
NEW YORK, July 26, 2025 (GLOBE NEWSWIRE) — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: MRC Global Inc. (NYSE: MRC)'s sale to DNOW Inc. for 0.9489 shares of DNOW common stock for each share of MRC common stock. If you are a MRC shareholder, click here to learn more about your legal rights and options. DNOW Inc. (NYSE: DNOW)'s merger with MRC Global Inc. Upon completion of the proposed transaction, DNOW shareholders will own approximately 56.5% of the combined company on a fully diluted basis. If you are a DNOW shareholder, click here to learn more about your legal rights and options. AvidXchange Holdings, Inc. (NASDAQ: AVDX)'s sale to TPG for $10.00 per share in cash. If you are an AvidXchange shareholder, click here to learn more about your legal rights and options. Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected]. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information:Halper Sadeh LLCDaniel Sadeh, Halper, World Trade Center85th FloorNew York, NY 10007(212) 763-0060 [email protected] [email protected]
Globe and Mail
14-07-2025
- Business
- Globe and Mail
MRC Global Announces Second Quarter 2025 Earnings Release Date
HOUSTON, July 14, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) will release its second quarter 2025 results on Wednesday, August 6, 2025, before the market opens. Due to the pending combination with DNOW Inc., MRC Global will not host a conference call or webcast to discuss its second quarter 2025 results. About MRC Global Inc. Headquartered in Houston, Texas, MRC Global (NYSE: MRC) is the leading global distributor of pipe, valves, fittings (PVF) and other infrastructure products and services to diversified end-markets including the gas utilities, downstream, industrial and energy transition, and production and transmission infrastructure sectors. With over 100 years of experience, MRC Global has provided customers with innovative supply chain solutions, technical product expertise and a robust digital platform from a worldwide network of approximately 200 locations including valve and engineering centers. The company's unmatched quality assurance program offers approximately 200,000 SKUs from over 7,100 suppliers, simplifying the supply chain for over 8,300 customers. Find out more at Contact:
Business Wire
14-07-2025
- Business
- Business Wire
DNOW Announces Second Quarter 2025 Earnings Conference Call
HOUSTON--(BUSINESS WIRE)--DNOW Inc. (NYSE: DNOW) has scheduled a conference call to discuss the results for the second quarter of 2025 on Financial results for the second quarter ending June 30, 2025 are expected to be released that morning before the market opens. The call will be broadcast through the Investor Relations link on DNOW's web site at on a listen-only basis. Listeners should log in prior to the start of the call to register for the webcast. A replay of the call will be available online for thirty days following the conference. Participants may also join the conference call by dialing 1-888-660-6431 within North America or 1-929-203-2118 outside of North America, Access Code: 7372055, fifteen minutes prior to the scheduled start time and asking for the 'DNOW Earnings Conference Call.' DNOW is a supplier of energy and industrial products and packaged, engineered process and production equipment with a legacy of over 160 years. Headquartered in Houston, Texas, with approximately 2,575 employees and a network of locations, we offer a broad set of supply chain solutions combined with a suite of digital offerings branded as DigitalNOW® that provide customers access to highly complementary digital commerce, data and information management channels. Our locations provide products and solutions to exploration and production, midstream transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers, engineering and construction as well as companies operating in the decarbonization, energy evolution and renewables end markets.
Forbes
07-07-2025
- Business
- Forbes
What's Happening With Dnow Stock?
NISKU, CANADA - FEBRUARY 07: The Distribution Now (DNOW) logo displayed in Nisku, Alberta, Canada, ... More on February 7, 2025. DNOW is a prominent global supplier, specializing in energy and industrial products, services, engineered equipment packages, and comprehensive supply chain solutions. (Photo by Artur Widak/NurPhoto via Getty Images) Dnow Inc. (NYSE: DNOW), a prominent provider of energy and industrial products, has risen 11% year-to-date, surpassing the S&P 500's 5% increase. Following the company's announcement of a $1.5 billion all-stock acquisition of energy infrastructure counterpart MRC Global Inc. (NYSE: MRC), investor interest has intensified, a move that could potentially transform the energy supply chain sector. According to the agreement, MRC shareholders are set to receive 0.9489 shares of DNOW for every MRC share they own—representing an 8.5% premium to MRC's 30-day volume-weighted average price of $12.77 as of June 25. Based on the closing prices from that day, the transaction suggests a total enterprise value of roughly $3.0 billion. After the merger concludes, DNOW shareholders will possess approximately 56.5% of the newly formed company, whereas MRC investors will retain the remaining 43.5%, on a fully diluted basis. This all-stock agreement merges two significant entities in the energy infrastructure supply domain, granting DNOW increased scale, diversification, and negotiating leverage. In spite of the positive news, macroeconomic challenges persist. WTI crude prices have declined 5% year-to-date, trading near $67 per barrel, due to concerns that OPEC+ may enhance supply by up to 411,000 barrels per day in August, adding to a planned 2025 increase of 1.78 million bpd (over 1.5% of global demand). Simultaneously, trade tensions are once again escalating. U.S. Treasury Secretary Scott Bessent alerted to the possibility of tariffs reaching as high as 50% being reinstated as soon as July 9, bringing back earlier proposed tariffs. These tariffs could negatively impact industrial and energy demand, crucial end markets for DNOW. That said, investors looking for upside with reduced volatility compared to a single stock may want to consider the Trefis High Quality portfolio, which has reliably outperformed the S&P 500, delivering a total return exceeding 91% since its inception. It provides diversified exposure to robust companies with stable performance, yielding a smoother experience compared to the commodity-driven volatility associated with DNOW. What Does Dnow's Valuation Look Like Compared To The S&P 500? According to the price paid per dollar of sales or profit, DNOW stock appears inexpensive compared to the overall market. • Dnow boasts a price-to-sales (P/S) ratio of 0.7 in contrast to a figure of 3.1 for the S&P 500 • Furthermore, the company's price-to-free cash flow (P/FCF) ratio is 8.4 compared to 20.9 for the S&P 500 • Additionally, it has a price-to-earnings (P/E) ratio of 18.9 vs. the benchmark's 26.9 How Have Dnow's Revenues Increased In Recent Years? Dnow's revenues have experienced some growth in recent years. • Dnow has recorded an average growth rate of 12.0% in its top line over the past 3 years (in comparison to an increase of 5.5% for the S&P 500) • Its revenues have increased 4.7% from $2.3 billion to $2.4 billion in the last 12 months (compared to growth of 5.5% for the S&P 500) • Additionally, its quarterly revenues rose by 6.4% to $599 million in the most recent quarter from $563 million a year earlier (compared to a 4.8% improvement for the S&P 500) How Profitable Is Dnow? Dnow's profit margins are considerably lower than those of most companies in the Trefis coverage universe. • Dnow's Operating Income over the last four quarters stood at $121 million, marking a subpar Operating Margin of 5.0% • DNOW Operating Cash Flow (OCF) during this period reached $201 million, indicating a subpar OCF Margin of 8.3% (compared to 14.9% for the S&P 500) • Over the last four-quarter period, DNOW reported Net Income of $82 million, signifying a subpar Net Income Margin of 3.4% (in contrast to 11.6% for the S&P 500) Does Dnow Appear Financially Stable? Dnow's balance sheet demonstrates considerable strength. • Dnow's Debt figure was $41 million at the end of the most recent quarter, while its market capitalization amounts to $1.5 billion (as of 7/2/2025). This leads to a very strong Debt-to-Equity Ratio of 2.6% (in comparison to 19.4% for the S&P 500). [Note: A low Debt-to-Equity Ratio is preferable] • Cash (including cash equivalents) constitutes $219 million of the total $1.7 billion in Total Assets for Dnow. This results in a strong Cash-to-Assets Ratio of 13.3% How Resilient Is DNOW Stock During Economic Downturns? DNOW stock has performed poorer than the benchmark S&P 500 index during some of the recent downturns. While investors hope for a soft landing of the U.S. economy, what could be the potential impact if another recession occurs? Our dashboard How Low Can Stocks Go During A Market Crash outlines how key stocks have performed during and after the last six market crashes. • DNOW stock saw a decline of 40.4% from a peak of $11.77 on 12 March 2021 to $7.01 on 19 August 2021, while the S&P 500 experienced a peak-to-bottom drop of 25.4% • The stock fully rebounded to its pre-Crisis peak by 6 June 2022 • Since that time, the stock has risen to a peak of $17.59 on 18 February 2025 and currently trades around $14.40 • DNOW stock declined by 65.6% from its high of $11.82 on 16 January 2020 to $4.07 on 30 October 2020, compared to a peak-to-trough decline of 33.9% for the S&P 500 • The stock fully recovered to its pre-Crisis peak by 6 June 2022 Putting It All Together: What This Means For DNOW Stock In conclusion, DNOW's performance according to the parameters outlined above is summarized as follows: • Growth: Strong • Profitability: Very Weak • Financial Stability: Extremely Strong • Downturn Resilience: Very Weak • Overall: Neutral Considering its significantly discounted valuation, this supports the idea that DNOW is a compelling purchase. While DNOW stock appears promising, investing in a single stock carries risks. You might want to look into the Trefis Reinforced Value (RV) Portfolio, which has outperformed its all-cap stocks benchmark (a combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices), delivering strong returns for investors. What accounts for this? The quarterly rebalanced mix of large-, mid-, and small-cap RV Portfolio stocks offers an adaptive approach to maximize returns during favorable market conditions while minimizing losses in downturns, as detailed in RV Portfolio performance metrics.
Globe and Mail
01-07-2025
- Business
- Globe and Mail
MRC GLOBAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of MRC Global Inc.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ('KSF') are investigating the proposed sale of MRC Global Inc. (NYSE: MRC) to DNOW Inc. (NYSE: DNOW). Under the terms of the proposed transaction, shareholders of MRC will receive 0.9489 shares of DNOW for each share of MRC that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( toll free at any time at 855-768-1857, or visit to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit
