DNOW Inc
For the period ended Mar 31, 2025. Filed May 7, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
Use the contents to explore the available documents and sections.
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
11. Earnings Per Share
For the three months ended March 31, 2025 and 2024, 1 million of shares in both periods were excluded from the computation of diluted earnings per share due to their antidilutive effect.
Basic and diluted earnings per share are as follows(in millions, except share and per share data):
| Three months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Numerator: | ||
| Net income attributable to DNOW Inc. | $22 | $21 |
| Less: net income attributable to participating securities | (1) | — |
| Net income attributable to DNOW Inc. stockholders | $21 | $21 |
| Denominator: | ||
| Weighted average basic common shares outstanding | 105,976,409 | 106,445,323 |
| Effect of dilutive securities | 767,580 | 902,398 |
| Weighted average diluted common shares outstanding | 106,743,989 | 107,347,721 |
| Earnings per share attributable to DNOW Inc. stockholders: | ||
| Basic | $0.20 | $0.20 |
| Diluted | $0.20 | $0.19 |
Under ASC Topic 260, “Earnings Per Share”, the two-class method requires a portion of net income attributable to DNOW Inc. to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, if declared. Net income attributable to these participating securities was excluded from net income attributable to DNOW Inc. stockholders in the numerator of the earnings per share computation.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.