DNOW Inc.

Filing receipts

“Our results of operations are as follows ( in millions ): Three months ended March 31, 2026 2025 Revenue: United States $ 985 $ 474 Canada 51 62 International 147 63 Total revenue $ 1,183 $ 599 Operating (loss) profit: United States $ (54 ) $ 21 Canada 1 4 International 3 4 Total operating (loss) profit $ (50 ) $ 29 Other (expense) income (10 ) — (Loss) income before income taxes (60 ) 29 Income tax (benefit) provision (16 ) 7 Net (loss) income (44 ) 22 Net (loss) income attributable to noncontrolling interests — 1 Net (loss) income attributable to DNOW Inc. $ (44 ) $ 21 Gross Profit $ 193 $ 138 Adjusted Gross Profit (1) $ 256 $ 141 Adjusted EBITDA (1) $ 39 $ 46 (1) Adjusted Gross Profit an...”

“Our operating loss wa s $50 million for the three months ended March 31, 2026, compared to an operating profit of $29 million for the corresponding period of 2025, a decrease of $79 million primarily due to inventory-related transaction charges, our LIFO inventory costing methodology, reduced margins and increases in incremental SG&A expenses associated with the MRC Global acquisition.”

“The effective tax rate for the three months ended March 31, 2026, was higher than the effective tax rate for the three months ended March 31, 2025, primarily due to discrete tax benefits recognized in the quarter which increase the effective tax rate as a result of the loss before income taxes reported in the period.”