Pump, PVF and equipment distributor DNOW Inc. reported more than $1 billion in quarterly revenue — as well as a net loss — in the first results for a full quarter following its late 2025 merger with MRC Global.
The newly combined company also announced its acquisition of a West Texas automation and controls provider.
DNOW on Thursday posted $1.18 billion in revenue in the first quarter of the year, along with gross profit of $193 million, but the company also reported an operating loss of $50 million and a net loss of $44 million.
DNOW President and CEO David Cherechinsky said in a statement that he was “pleased” with the results in the first full quarter with MRC in the fold. He noted that the company repurchased $50 million of its shares, as well as “enhanced our capabilities with the completion of our twenty-sixth acquisition.” DNOW disclosed its February purchase of Edge Controls, a Midland, Texas, provider of motors, drives, automation, controls and SCADA services.
“We advanced the integration of our upstream and midstream operations, delivered sequential revenue growth in the midstream and gas utility sectors and are beginning to see early traction from new data center related awards,” Cherechinsky said of the quarter.
Cherechinsky again said that DNOW is taking “targeted, decisive actions” related to its ERP system. Problems with MRC’s ERP overhaul dented that company’s revenue, profit and cash flow in the final full quarter before the merger.
“We are confident these actions will strengthen our foundation and deliver meaningful earnings growth and long-term value for the business,” Cherechinsky said.
