DNOW (DNOW) Q2 FY26 earnings call

DNOW delivered strong Q2 FY26 results, marked by significant sequential revenue growth and record cash flow generation, driven by successful integration efforts and working capital management. The company made substantial progress on its U.S. ERP conversion, with 17 locations now transitioned to SAP, enhancing operational efficiency and market share recapture. Management expressed increased confidence in its long-term profitability targets, despite anticipating seasonal revenue declines in Q4 and ongoing geopolitical uncertainties in some international markets.