ADDED
As of February 18, 2026, there were 186,346,145 shares of the Company s common stock (excluding 2,018,633 unvested restricted shares) outstanding.
Forward-looking statements typically are identified by use of terms such as anticipates , assumes , believes , budget , estimates , expects , goal , guidance , plans , may , will , might , would , should , seeks , project , predict , potential , objective , currently , continue , intends , outlook , forecasts , targets , reflects , could , or other similar words and phrases, although some forward-looking statements could be expressed differently.
Forward-looking statements are current only as of the date they are made.
Other factors beyond those listed above or elsewhere in this report including factors unknown to us and factors known to us which we have determined not to be material, could also adversely affect us.
We are a premier provider of energy and industrial solutions, serving as a global leader in the distribution of pipe, valves and fittings ( PVF ), and pumps, as well as in the fabrication, assembly and testing of process and production equipment.
We provide a broad mix of quality products customers require to build and maintain essential infrastructure and operating equipment across the upstream, midstream, gas utilities, downstream, energy transition and industrial markets.
We deliver a comprehensive range of value-added supply chain solutions and technical product expertise, supported by advanced digital offerings to customers globally.
On June 26, 2025, DNOW entered into an Agreement and Plan of Merger (the Merger Agreement ) with MRC Global Inc.
( MRC Global ) in an all-stock transaction, inclusive of MRC Global s debt.
On November 6, 2025 (the Closing Date ), DNOW completed its acquisition of MRC Global.
REMOVED
As of February 7, 2025, there were 105,687,410 shares of the Company s common stock (excluding 2,316,154 unvested restricted shares) outstanding.
These forward-looking statements generally are identified by the words may, believe, anticipate, expect, plan, predict, estimate, will be or other similar words and phrases.
We are a distributor to the oil and gas, energy transition and industrial markets with a legacy of over 160 years.
We operate primarily under the DNOW brand along with several affiliated brands operating in local, regional or international markets that are tied to prior acquisitions.
Through a network of approximately 165 locations and approximately 2,575 employees worldwide, our operating locations utilize a complementary suite of technology, systems, order and fulfillment processes and sourcing and procurement channels to provide products and services to a variety of customers operating in the energy and industrial markets.
Additionally, through our DigitalNOW platform, customers can leverage technology across applications to solve a wide array of complex operational and product sourcing challenges to assist in maximizing their return on assets.
The energy and industrial distribution end markets we serve are inclusive of engineering and construction firms that perform capital and maintenance projects for their clients.
We also provide supply chain and materials management solutions to the same markets where we sell products.
Our global product offering includes pipe, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, pumping solutions and modular process, production, measurement, automation, control equipment, and consumable maintenance, repair and operating ( MRO ) supplies.
We also offer sourcing, procurement, warehouse and inventory management solutions as part of our supply chain and materials management offering.