DNOW Inc

On January 24, 2025, the Company’s Board of Directors authorized a new share repurchase program to purchase up to $160 million of its outstanding common stock. We expect to fund share repurchases primarily with cash on hand, cash flow from operations and the usage of the available portion of the revolving credit facility. The timing and amount of any repurchases will be made at our discretion, taking into account a number of factors, including market conditions. The share repurchase program does not obligate the Company to repurchase shares and may be suspended or discontinued at any time at our discretion. All shares repurchased shall be retired pursuant to the terms of the share repurchase program. For the three months ended March 31, 2025, we repurchased 443,806 shares of our common stock for a total of approximately $8 million, of which 155,313 shares, or $3 million, were held in treasury stock and subsequently retired in April 2025. As of March 31, 2025, we had approximately $152 million remaining under the program’s authorization.