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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

Basic and diluted earnings per share are as follows (in millions, except share data):

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2024

 

 

2023

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to DNOW Inc.

$

24

 

 

$

34

 

 

$

45

 

 

$

65

 

Less: net income attributable to participating securities

 

(1

)

 

 

(1

)

 

 

(1

)

 

 

(1

)

Net income attributable to DNOW Inc. stockholders

$

23

 

 

$

33

 

 

$

44

 

 

$

64

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

106,865,008

 

 

 

107,249,498

 

 

 

106,655,156

 

 

 

108,428,199

 

Effect of dilutive securities

 

757,796

 

 

 

878,013

 

 

 

830,097

 

 

 

1,044,006

 

Weighted average diluted common shares outstanding

 

107,622,804

 

 

 

108,127,511

 

 

 

107,485,253

 

 

 

109,472,205

 

Earnings per share attributable to DNOW Inc. stockholders:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.21

 

 

$

0.31

 

 

$

0.41

 

 

$

0.59

 

Diluted

$

0.21

 

 

$

0.31

 

 

$

0.41

 

 

$

0.59