NOW Inc. (DNOW) began trading on the NYSE on 30 May 2014

• Dodge & Cox report the largest holding, with 3,276,246 shares, and Warren Buffett is the third-largest holder, with 2.22 million shares.
• Now Inc. came into being on May 30, 2014, when National Oilwell Varco Inc. (NOV), an oil and gas drilling equipment manufacturing company, spun off its distribution business into an independent public company. National Oilwell Varco creates and manufactures oil and gas drilling equipment.
• National Oilwell states that DistributionNow is one of the largest distributors to the energy and industrial sectors, selling a mix of products to all phases of the industrial market segment, as well as supply chain solutions. Its U.S. and international operations comprise 300 locations around the world. 

Description

NOW Inc. is a distributor to the oil and gas industry. The Company operates primarily under the DistributionNOW and Wilson Export brands. The Company operates in three segments: United States, Canada and International. The Company’s energy product offering is needed throughout all sectors of the oil and gas industry-from upstream drilling, completion and production to midstream infrastructure development to downstream petroleum refining, as well as in other industries, such as chemical processing, power generation and industrial manufacturing operations. The industrial distribution portion of its business targets a diverse range of manufacturing and other facilities across numerous industries and end markets. In May 2014, National Oilwell Varco Inc completed the spinoff to its stockholders of its distribution business as an independent public company, NOW Inc.

Address

7402 N Eldridge Pkwy
HOUSTON, TX 77041-1902
United States

Website 

http://www.distributionnow.com

Key stats and ratios

	Q4 (Dec '14)	2014
Net profit margin	1.59%	2.83%
Operating margin	2.58%	4.41%
EBITD margin	-	4.92%
Return on average assets	2.49%	4.85%
Return on average equity	3.26%	6.16%
Employees	5,000