DNOW Management

Management criteria checks 4/4

DNOW's CEO is Dave Cherechinsky, appointed in Jun 2020, has a tenure of 3.92 years. total yearly compensation is $5.58M, comprised of 17% salary and 83% bonuses, including company stock and options. directly owns 0.71% of the company’s shares, worth $10.94M. The average tenure of the management team and the board of directors is 4.3 years and 8.2 years respectively.

Key information

Dave Cherechinsky

Chief executive officer

US$5.6m

Total compensation

CEO salary percentage	17.0%
CEO tenure	3.9yrs
CEO ownership	0.7%
Management average tenure	4.3yrs
Board average tenure	8.2yrs

Recent management updates

Recent updates

NOW Inc.: A Combination Of Pipeline And Clear Energy Projects Will Fuel Its Low Relative Valuation

Nov 09

NOW Q3 2022 Earnings Preview

Nov 01

NOW Inc.: Strong Margins, Improved Fundamentals, And Low Relative Valuation

Aug 12

NOW Non-GAAP EPS of $0.26 beats by $0.09, revenue of $539M beats by $49.94M

Aug 03

The Return Trends At NOW (NYSE:DNOW) Look Promising

May 18

Are Investors Undervaluing NOW Inc. (NYSE:DNOW) By 47%?

Apr 20

PVF Sales And Renewable Energy Projects Offset NOW's Cash Flow Problem

Apr 14

The Return Trends At NOW (NYSE:DNOW) Look Promising

Feb 16

Industry Recovery And PVF Sales Can Outweigh NOW Inc.'s Cash Flow Woes

Jan 10

Investors Will Want NOW's (NYSE:DNOW) Growth In ROCE To Persist

Nov 06

NOW's Medium-Term Prospect Can Outweigh Cash Flow Concerns

Sep 12

NOW Q1 2021 Earnings Preview

May 04

Is There An Opportunity With NOW Inc.'s (NYSE:DNOW) 46% Undervaluation?

Apr 17

A Look At NOW's (NYSE:DNOW) Share Price Returns

Feb 20

NOW Inc. 2020 Q3 - Results - Earnings Call Presentation

Nov 04

NOW Q3 2020 Earnings Preview

Nov 03

CEO Compensation Analysis

How has Dave Cherechinsky's remuneration changed compared to DNOW's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$6m	US$947k	US$243m
Sep 30 2023	n/a	n/a	US$129m
Jun 30 2023	n/a	n/a	US$135m
Mar 31 2023	n/a	n/a	US$127m
Dec 31 2022	US$5m	US$797k	US$126m
Sep 30 2022	n/a	n/a	US$107m
Jun 30 2022	n/a	n/a	US$72m
Mar 31 2022	n/a	n/a	US$45m
Dec 31 2021	US$6m	US$650k	US$5m
Sep 30 2021	n/a	n/a	-US$51m
Jun 30 2021	n/a	n/a	-US$78m
Mar 31 2021	n/a	n/a	-US$106m
Dec 31 2020	US$1m	US$555k	-US$427m
Sep 30 2020	n/a	n/a	-US$522m
Jun 30 2020	n/a	n/a	-US$490m
Mar 31 2020	n/a	n/a	-US$446m
Dec 31 2019	US$2m	US$425k	-US$97m
Sep 30 2019	n/a	n/a	US$58m
Jun 30 2019	n/a	n/a	US$67m
Mar 31 2019	n/a	n/a	US$67m
Dec 31 2018	US$2m	US$390k	US$51m
Sep 30 2018	n/a	n/a	US$32m
Jun 30 2018	n/a	n/a	US$4m
Mar 31 2018	n/a	n/a	-US$27m
Dec 31 2017	US$1m	US$300k	-US$52m

Compensation vs Market: Dave's total compensation ($USD5.58M) is about average for companies of similar size in the US market ($USD5.72M).

Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.

CEO

Dave Cherechinsky (59 yo)

3.9yrs

Tenure

US$5,580,418

Compensation

Mr. David A. Cherechinsky, also known as Dave, serves as Director at DNOW Inc. since June 1, 2020. He serves as Chief Executive Officer and President at DNOW Inc since June 01, 2020. He served as Chief Fin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Cherechinsky	CEO, President & Director	3.9yrs	US$5.58m	0.71% $ 10.9m
Mark Johnson	Senior VP & CFO	3.9yrs	US$1.83m	0.17% $ 2.5m
Kelly Munson	Chief Administrative & Information Officer	4.2yrs	US$1.36m	0.11% $ 1.6m
Raymond Chang	VP, General Counsel & Secretary	10.3yrs	US$1.79m	0.26% $ 4.0m
Rocio Surratt	VP of Finance & Corporate Controller	3.8yrs	US$805.14k	no data
Brad Wise	Vice President of Digital Strategy & Investor Relations	no data	no data	no data
Scott Hauck	Executive Vice President of Digital Strategy	4.3yrs	no data	no data
Dan Pratt	Senior Vice President of Energy Centers	4.3yrs	no data	no data
Toby Eoff	President of Process Solutions	7.6yrs	no data	no data

4.3yrs

Average Tenure

47yo

Average Age

Experienced Management: DNOW's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Cherechinsky	CEO, President & Director	3.9yrs	US$5.58m	0.71% $ 10.9m
Richard Alario	Chairman & Lead Independent Director	10yrs	US$351.63k	0.23% $ 3.5m
Rodney Eads	Independent Director	10yrs	US$243.50k	0.089% $ 1.4m
Paul Coppinger	Independent Director	6.4yrs	US$261.63k	0.068% $ 1.0m
Karen David-Green	Independent Director	1.2yrs	US$170.00k	0.012% $ 183.0k
Terry Bonno	Independent Director	10yrs	US$239.88k	0.086% $ 1.3m
Galen Cobb	Independent Director	10yrs	US$231.00k	0.084% $ 1.3m
Sonya Reed	Independent Director	2.8yrs	US$220.88k	0.036% $ 555.6k

8.2yrs

Average Tenure

63yo

Average Age

Experienced Board: DNOW's board of directors are considered experienced (8.2 years average tenure).

DNOW Management

Management criteria checks 4/4

Key information

Recent management updates

DNOW Inc., Annual General Meeting, May 22, 2024

NOW Inc., Annual General Meeting, May 25, 2022

CEO, President & Director recently bought US$104k worth of stock

Director exercised options and sold US$285k worth of stock

NOW Inc. Announces Richard Alario Stepped Down from His Short-Term Role as Executive Vice Chairman of the Company

Recent updates

DNOW Inc. to Report Q1, 2024 Results on May 10, 2024

Price target increased by 11% to US$16.67

DNOW Inc., Annual General Meeting, May 22, 2024

DNOW Inc. (NYSE:DNOW) completed the acquisition of Whitco Supply, LLC.

DNOW: An Attractive Valuation With Strong Financials And Outlook

Full year 2023 earnings: EPS exceeds analyst expectations

Price target decreased by 7.4% to US$12.50

DNOW Inc. (NYSE:DNOW) entered into an agreement to acquire Whitco Supply, LLC.

NOW Inc. to Report Second Half, 2023 Results on Feb 15, 2024

New major risk - Revenue and earnings growth

NOW Inc.: Steady Drivers But Lacks A Punch In The Short Term

New major risk - Revenue and earnings growth

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

NOW Inc. to Report Q3, 2023 Results on Nov 02, 2023

NOW Inc.: Project Additions Offset The Industry Slackness (Rating Downgrade)

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS exceeds analyst expectations

NOW Inc. to Report Q2, 2023 Results on Aug 02, 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 7.6% to US$14.17

Investor sentiment deteriorates as stock falls 17%

Full year 2022 earnings: EPS exceeds analyst expectations

NOW Q4 2022 Earnings Preview

Now 20% undervalued

NOW Inc. to Report Q4, 2022 Results on Feb 16, 2023

NOW Inc.: A Combination Of Pipeline And Clear Energy Projects Will Fuel Its Low Relative Valuation

Consensus EPS estimates increase by 14%

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

NOW Q3 2022 Earnings Preview

NOW Inc. to Report Q3, 2022 Results on Nov 02, 2022

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

NOW Inc.: Strong Margins, Improved Fundamentals, And Low Relative Valuation

Consensus EPS estimates increase by 17%

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

NOW Inc. (NYSE:DNOW) announces an Equity Buyback for $80 million worth of its shares.

NOW Non-GAAP EPS of $0.26 beats by $0.09, revenue of $539M beats by $49.94M

NOW Inc. to Report Q2, 2022 Results on Aug 03, 2022

Consensus forecasts updated

NOW Files Form 15

The Return Trends At NOW (NYSE:DNOW) Look Promising

Consensus EPS estimates increase by 58%

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

NOW Inc. Provides Earnings Guidance for the Full-Year 2022

Are Investors Undervaluing NOW Inc. (NYSE:DNOW) By 47%?

Price target increased to US$13.30

NOW Inc. to Report Q1, 2022 Results on May 05, 2022

PVF Sales And Renewable Energy Projects Offset NOW's Cash Flow Problem

NOW Inc., Annual General Meeting, May 25, 2022

Full year 2021 earnings: EPS misses analyst expectations

NOW Inc. Provides Earnings Guidance for the Year 2022

The Return Trends At NOW (NYSE:DNOW) Look Promising

Industry Recovery And PVF Sales Can Outweigh NOW Inc.'s Cash Flow Woes

Investors Will Want NOW's (NYSE:DNOW) Growth In ROCE To Persist

Third quarter 2021 earnings released: EPS US$0.045 (vs US$0.20 loss in 3Q 2020)

NOW's Medium-Term Prospect Can Outweigh Cash Flow Concerns

CEO, President & Director recently bought US$104k worth of stock

Director J. Richards has left the company

Second quarter 2021 earnings released: US$0.018 loss per share (vs US$0.27 loss in 2Q 2020)

NOW Inc.(NYSE:DNOW) dropped from Russell 2000 Value-Defensive Index

Price target increased to US$11.50

First quarter 2021 earnings released: US$0.091 loss per share (vs US$3.03 loss in 1Q 2020)

NOW Q1 2021 Earnings Preview

Is There An Opportunity With NOW Inc.'s (NYSE:DNOW) 46% Undervaluation?

Price target increased to US$10.29

NOW Inc. (NYSE:DNOW) entered into an agreement to acquire Flex Flow business from GR Energy Services, LLC.

NOW Inc. to Report Q1, 2021 Results on May 05, 2021

New 90-day high: US$11.02

Analysts lower EPS estimates to -US$0.43

A Look At NOW's (NYSE:DNOW) Share Price Returns