Now Inc. Continues To Feel The Brunt Of The Oil Market Downturn

newsfeedback@fool.com (Matthew DiLallo), The Motley Fool
Wed, 05/04/2016 - 7:12am

The first quarter was an extremely difficult one for the energy sector given the collapse of crude during the quarter. That difficulty was reflected in DistributionNOW's (NYSE: DNOW) first-quarter report, which was released before the market opened on Wednesday. The company continues to take advantage of the situation using its strong balance sheet to snap up a growing supply of bolt-on businesses.Drilling down into the numbers NOW's revenue slumped 15% during the quarter, down to $548 million.

Topics: distributionnow's nyse dnow first-quarter now's continues oil market

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Now Inc. Continues To Feel The Brunt Of The Oil Market Downturn

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