For the first nine months, sales were reported at $2.3 billion, down 2.2% from the same period in 2018.
Latest In NOW Inc.
Dick Alario takes over as interim CEO, replacing Robert Workman, effective immediately.
Profit was $18 million for the quarter, compared with $2 million a year ago.
Distributor posts strong fourth quarter and full year, despite moderating economic conditions.
Sales for the first six months increased 20.2 percent year-over-year.
Daniel Molinaro, currently CFO and senior vice president, will serve as executive vice president.
Sales for the first nine months increased 26.1 percent year-over-year.
National Oilwell Varco, NOW Inc. also report positive outlook for activity, but remain cautious.
First quarter U.S. sales down 40.6 percent year-over-year.
Oil & gas slump decimates Houston distributors' 4Q revenues.
