NOW Inc. (NYSE: DNOW), Houston, TX, reported sales for 2016 of $2.1 billion, a decrease of 30 percent from the previous year. The company reported a loss of $234 million, compared to a loss of $502 million in 2015.
Fourth-quarter sales were $538 million, a decrease of 16.5 percent from the same period the previous year. The company reported a loss of $71 million, compared to a loss of $249 million in 4Q 2015.
Fourth-quarter sales in the U.S. were $379 million, down 12 percent year-over-year, while sales in Canada decreased 8 percent to $73 million. International sales were down 26 percent to $86 million.
