NOW Inc. Expands Capital Allocation Strategy with Inaugural Share Repurchase Program Authorization of $80 Million

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Aug 03, 2022

NOW Inc. (NYSE: DNOW) (“DistributionNOW” or the “Company”), a worldwide leading provider of energy and industrial products and packaged, engineered process and production equipment, announced today that its Board of Directors authorized the Company’s inaugural common stock repurchase program (“repurchase program”) pursuant to which the Company may purchase up to $80 million of NOW Inc.’s common stock, effective immediately and continuing through December 31, 2024.