The company posted an increase in its U.S. sales, but a decrease in both its Canadian and international sales year-over-year.
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DNOW delivered $50 million in EBITDA on 7.9% in 2Q, a subtle increase from the year earlier.
1Q U.S. sales actually increased 2% year-over-year, driven by DNOW's acquisition of Whitco Supply that was completed during the quarter.
Overall 4Q and full year profit spiked on a deferred tax benefit, while sales continued low single-digit annual growth.
Whitco has about 30 employees across eight locations in Louisiana, Texas, New Mexico, Ohio and Pennsylvania.
Matching the company’s NYSE ticker symbol, the company said the change is an identity unifying step.
