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We Distribute Products That Deliver Energy to the World® NOW Inc., Fourth Quarter and Full-Year 2017 Review & Key Takeaways
We Distribute Products That Deliver Energy to the World®
Full-Year 2017 Review
& Key Takeaways© 2018 COPYRIGHT DISTRIBUTION NOWStatements made in the course of this presentation that state the Company's or
management's intentions, hopes, beliefs, expectations or predictions of the future are
forward -looking statements. It is important to note that the Company's actual results
could differ materially from those projected in such forward -looking statements.
Additional information concerning factors that could cause actual results to differ
materially from those in the forward -looking statements is contained from time -to-time
in the Company's filings with the U.S. Securities and Exchange Commission. Any decision
regarding the Company or its securities should be made upon careful consideration of not
only the information here presented, but also other available information, including the
information filed by the Company with the SEC. Copies of these filings may be obtained
by contacting the Company or the SEC.
4thQuarter and Full -Year 2017 Review & Key Takeaways2Forward Looking Statements© 2018 COPYRIGHT DISTRIBUTION NOWDelivered more than 25% year over year (YoY) growth from 2016 to 2017
Executing well on strategy to maximize core operations, drive margin
expansion, leverage acquisitions and take a disciplined approach to capital
Looking ahead, focus will be on operational efficiency initiatives and
supporting growth initiatives
3CEO Perspective: Key Takeaways
DNOW is well positioned to capitalize on a continued market upcycle
4thQuarter and Full -Year 2017 Review & Key Takeaways© 2018 COPYRIGHT DISTRIBUTION NOWQuarterly revenue improved by 24% YoY to $669M, down sequentially a seasonal 4%, while revenue per billing day was up
GAAP net loss was $3M, or net income excluding other costs (a non
-GAAP measure)* was $1M; a $32M improvement YoY
Included in the fourth quarter 2017 results, but not characterized as other costs, was a pre
-tax gain of $10M from the sale of a
property previously held for sale
GAAP diluted loss per share improved to a $0.03 loss, with non
-GAAP diluted earnings per share excluding other costs of $0.01
EBITDA excluding other costs improved to $13M in 4Q, a $44M improvement YoY
Gross margins were 19.1%, up 270 bps YoY
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