Investors
2020 SEC Q&K Filings
Annual report to the Securities and Exchange Commission (SEC) which provides a comprehensive overview of the company for the past year.
Investor Relations
DistributionNOW will be recognized as the market leader in Supply Chain Management through superior customer service by leveraging the strengths of our employees, processes, suppliers, and information.
| Change | Volume | Updated | |
|---|---|---|---|
| Data as of 09/18/20 4:15 pm EDT |
Data Provided by Refinitiv. Minimum 15 minutes delayed.
Our Strategy to Unlock Value
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Deliver Margin
Product margins holding firm, gross margins impacted unfavorably by inventory write downs
Rolling out new order management system to enable more efficient quote-to-order process yielding higher employee productivity
Renewed numerous customer contract agreements
Ecommerce implementation growth seeds future revenue and margin gains
Focused on midstream and downstream expansion
Optimize Operations
Structural change towards a more centralized fulfillment model with smaller branches and reduced personnel and vehicles, square footage and inventory
In process of relocating our La Porte, TX DC to existing Houston supercenter
Reduced discretionary and infrastructure costs and headcount from 4,400 to 2,650 since the beginning of the year
Focused on cost transformation to align to market demand and preserve balance sheet
Leveraging technology to enhance employee productivity and increase operational efficiencies
Drive Growth Through Acquisitions
Proactively evaluating M&A opportunities
- Continue to evaluate M&A pipeline for growth
- Highly selective in this environment
- Approximately $525 million in total liquidity
Maximize Working Capital Velocity
Working capital, excluding cash, was 24% of revenue in 2Q20
Inventory turns at 3.3x
Cash on hand at June 30, 2020 of $269M
Zero debt