DNOW Inc. (DNOW), a distributor of downstream energy and industrial products, Friday said that its Board has authorized a new share repurchase program of up to $160 million, effective immediately. The company's shares were more than 8 percent up in pre-market.
DNOW noted that it has successfully completed its previously announced $80 million buyback.
"The continued execution of our strategy and accompanying growth initiatives supports our confidence in DNOW's continued cash flow generation capabilities and improved earnings profile," said David Cherechinsky, President and CEO of DNOW.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.