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Earnings Per Share (Tables)
9 Months Ended
Sep. 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 September 30,

 

 

Nine Months Ended September 30,

 

 

2024

 

 

2023

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to DNOW Inc.

$

13

 

 

$

35

 

 

$

58

 

 

$

100

 

Less: net income attributable to participating securities

 

 

 

 

(1

)

 

 

(1

)

 

 

(2

)

Net income attributable to DNOW Inc. stockholders

$

13

 

 

$

34

 

 

$

57

 

 

$

98

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

106,314,446

 

 

 

106,983,920

 

 

 

106,540,763

 

 

 

107,765,405

 

Effect of dilutive securities

 

693,608

 

 

 

1,134,399

 

 

 

784,601

 

 

 

1,074,137

 

Weighted average diluted common shares outstanding

 

107,008,054

 

 

 

108,118,319

 

 

 

107,325,364

 

 

 

108,839,542

 

Earnings per share attributable to DNOW Inc. stockholders:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.12

 

 

$

0.32

 

 

$

0.53

 

 

$

0.91

 

Diluted

$

0.12

 

 

$

0.32

 

 

$

0.53

 

 

$

0.90