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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.

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Our Strategy to Unlock Value

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Deliver Margin Discipline IconDeliver Margin

Gross margins improved sequentially due to increased pricing and product mix with favorable impact from lower, but elevated, inventory write downs

Completed rollout of order management system in U.S. and Canada. Yielding more efficient quote-to-order process resulting in higher employee productivity

Executed MRO agreements for several offshore and onshore drilling contractors and a water infrastructure management operator

Ecommerce customer implementation growth and users continue adding to digital commerce channel 

 

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Optimize Operations IconOptimize Operations

Structural change towards a more centralized fulfillment model with smaller branches and reduced personnel and vehicles, square footage and inventory

Completed move of La Porte distribution center to existing warehouse, contributing to cost reduction

Reduced discretionary and infrastructure costs and headcount from 4,400 to 2,550 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

 

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Drive Growth Through Acquisitions IconDrive Growth Through Acquisitions

Proactively evaluating M&A opportunities

  • Continue to evaluate M&A pipeline for growth
  • Highly selective in this environment
  • Approximately $534 million in total liquidity
  • Divested of non-core, regional lighting business in the UK
 

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Approach to Capital Allocation IconMaximize Working Capital Velocity

Working capital, excluding cash, was 22% of revenue in 3Q20

Inventory turns at 3.3x

Cash on hand at September 30, 2020 of $325M

Zero debt

 

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Investors

10-K_Graphic

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.

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