DNOW Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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, 2026 · Filed May 7, 2026
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10. Earnings Per Share
For the three months ended March 31, 2026 and 2025, dilutive shares of 5 million and 1 million, respectively, were excluded from the computation of diluted earnings per share due to the Company recognizing a net loss for the period or 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, | ||
|---|---|---|
| 2026 | 2025 | |
| Numerator: | ||
| Net (loss) income attributable to DNOW Inc. | $(44) | $21 |
| Less: net income attributable to participating securities | — | — |
| Net (loss) income attributable to DNOW Inc. stockholders | $(44) | $21 |
| Denominator: | ||
| Weighted average basic common shares outstanding | 185,760,166 | 105,976,409 |
| Effect of dilutive securities | — | 767,580 |
| Weighted average diluted common shares outstanding | 185,760,166 | 106,743,989 |
| (Loss) earnings per share attributable to DNOW Inc. stockholders: | ||
| Basic | $(0.24) | $0.19 |
| Diluted | $(0.24) | $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 loss is not allocated to unvested awards in periods the Company determined that those shares are not obligated to participate in losses. For the periods that the Company recognized net income, net income attributable to these participating securities was excluded from net income attributable to DNOW Inc. stockholders in the numerator of theearnings per share computation.
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