{"success":true,"data":{"pressRelease":{"id":"3000","rtpr_id":"nPn11JB6Da","ticker":"DNOW","exchange":"NYSE","all_tickers":["DNOW"],"title":"DNOW Inc. (DNOW) Faces Investor Scrutiny Amid Reality Check Against November Comments About MRC Global ERP Issues, Stock Down 19% On News - Hagens Berman","author":"PR Newswire","published_at":"2026-04-21T13:30:27.272Z","article_body":"DNOW Inc. (DNOW) Faces Investor Scrutiny Amid Reality Check Against November Comments About MRC Global ERP Issues, Stock Down 19% On News - Hagens Berman\n\nPR Newswire\n\nSAN FRANCISCO, April 21, 2026\n\nSAN FRANCISCO, April 21, 2026 /PRNewswire/ -- Investors in DNOW Inc. (NYSE:\nDNOW), a leading distributor of PVF, pumps and fabricated equipment, saw the\nprice of their shares fall about 19% on February 20, 2026 after reporting its\nQ4 and FY 2025 financial results and revealing surprising, adverse,\ninformation.\n\n(https://mma.prnewswire.com/media/2590203/Hagens_Berman_Sobol_Shapiro_LLP_Logo.html)\n\nThe developments have prompted national shareholder rights firm Hagens Berman\nto commence an investigation into whether DNOW's disclosures before February\n20 may have violated federal securities laws.\n\nThe firm encourages DNOW investors who suffered substantial losses to submit\nyour losses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=4122687223&u=https%3A%2F%2Fwww.hbsslaw.com%2Finvestor-fraud%2Fdnow&a=submit+your+losses+now)\n. The firm also encourages persons with knowledge who may be able to assist\nthe investigation to contact its attorneys.\n\nVisit: www.hbsslaw.com/investor-fraud/dnow\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=261644968&u=http%3A%2F%2Fwww.hbsslaw.com%2Finvestor-fraud%2Fdnow&a=www.hbsslaw.com%2Finvestor-fraud%2Fdnow)\n\nContact the Firm Now: DNOW@hbsslaw.com (mailto:DNOW@hbsslaw.com)\n                                        844-916-0895\n\nDNOW Inc. (DNOW) Investigation:\n\nThe investigation is focused on the propriety of DNOW's disclosures about\ncertain enterprise resource planning (\"ERP\") issues faced by its acquisition\ntarget, MRC Global Inc., leading up to- and after- the acquisition closed on\nNovember 6, 2025.\n\nOn November 5, 2025, the day before the acquisition closed, DNOW held its Q3\n2025 earnings call. DNOW management assured investors about MRC's ERP\ndeployment, stating \"[i]t's a state-of-the-art system that really lends itself\nto improved inventory management and visibility, order processing efficiency,\nsupply chain optimization, improved financial control, customer service\nenhancement and certainly more data-driven solutions.\"\n\nWhile noting that \"ERP implementation is a complicated exercise[,]\" DNOW\nmanagement emphasized that \"MRC characterized their issues with implementing\nthe ERP as an isolated one-time event[]\" and \"they just implemented a\nworld-class ERP.\"\n\nInvestors' expectations were dashed on February 20, 2026. That day, DNOW\nreported its Q4 and FY 2025 financial results.\n\nAmong the disappointments, DNOW revealed that MRC revenues declined in the\nfourth quarter \"due to persistent ERP challenges[]\" and that \"the MRC Global\nERP project […] is fair to characterize as an obstacle.\"\n\nIn addition, in contrast to DNOW's November assurances, management said\n\"[d]esign architecture is resulting in inefficiencies for certain core\nprocesses, continuing negative operating and financial impacts.\" Further,\n\"[o]bserved limitations across the system are guided as it is slow, impedes\ncustomer service, requires more resources, increases safety stock, and\ndifficulty processing orders.\" As a result, post-acquisition, DNOW revealed\nthat it needed to invest more money to remediate ERP issues previously\ncharacterized as \"an isolated one-time event.\"\n\nOf additional concern, DNOW delayed sequential and full year 2026 guidance,\nblaming \"persistent challenges related to our ERP implementation within legacy\nMRC Global US operations.\"\n\nThe market swiftly reacted, sending the price of DNOW shares down 19% and\nlopping off over $580 million of market capitalization in just one day.\n\n\"We're focused on whether DNOW management may have known about MRC's ongoing,\npersistent ERP implementation problems that, as management acknowledged a few\nmonths later, presented obstacles to efficiency,\" said Reed Kathrein\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=3915101744&u=https%3A%2F%2Fwww.hbsslaw.com%2Fattorneys%2Freed-kathrein&a=Reed+Kathrein)\n, the Hagens Berman partner leading the firm's investigation.\n\nIf you invested in DNOW and have substantial losses, or have knowledge that\nwill assist the firm's investigation, submit your losses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=4122687223&u=https%3A%2F%2Fwww.hbsslaw.com%2Finvestor-fraud%2Fdnow&a=submit+your+losses+now)\n.\n\nIf you'd like more information and answers to frequently asked questions about\nthe firm's DNOW investigation, read more »\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=1208174716&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Fdnow-inc-dnow-investigation&a=read+more+%C2%BB)\n\nWhistleblowers: Persons with non-public information regarding DNOW should\nconsider their options to help in the investigation or take advantage of the\nSEC Whistleblower program. Under the new program, whistleblowers who provide\noriginal information may receive rewards totaling up to 30 percent of any\nsuccessful recovery made by the SEC. For more information, call Reed Kathrein\nat 844-916-0895 or email DNOW@hbsslaw.com (mailto:DNOW@hbsslaw.com) .\n\nAbout Hagens Berman\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=1921631316&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=About+Hagens+Berman)\n\nHagens Berman is a global plaintiffs' rights complex litigation firm focusing\non corporate accountability. The firm is home to a robust practice and\nrepresents investors as well as whistleblowers, workers, consumers and others\nin cases achieving real results for those harmed by corporate negligence and\nother wrongdoings. Hagens Berman's team has secured more than $2.9 billion in\nthis area of law. More about the firm and its successes can be found\nat hbsslaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=2536581485&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=hbsslaw.com)\n. Follow the firm for updates and news at @ClassActionLaw\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=2913789539&u=https%3A%2F%2Fwww.twitter.com%2FClassActionLaw&a=%40ClassActionLaw)\n.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/dnow-inc-dnow-faces-investor-scrutiny-amid-reality-check-against-november-comments-about-mrc-global-erp-issues-stock-down-19-on-news--hagens-berman-302748465.html\n(https://www.prnewswire.com/news-releases/dnow-inc-dnow-faces-investor-scrutiny-amid-reality-check-against-november-comments-about-mrc-global-erp-issues-stock-down-19-on-news--hagens-berman-302748465.html)\n\nSOURCE Hagens Berman Sobol Shapiro LLP\n\n\n\nReed Kathrein, 844-916-0895\n\nPhoto: \nhttps://mma.prnewswire.com/media/2590203/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn11JB6Da","title":"DNOW Inc. (DNOW) Faces Investor Scrutiny Amid Reality Check Against November Comments About MRC Global ERP Issues, Stock Down 19% On News - Hagens Berman","author":"PR Newswire","ticker":"DNOW","created":"2026-04-21T13:30:27.272Z","tickers":["DNOW"],"exchange":"NYSE","article_body":"DNOW Inc. (DNOW) Faces Investor Scrutiny Amid Reality Check Against November Comments About MRC Global ERP Issues, Stock Down 19% On News - Hagens Berman\n\nPR Newswire\n\nSAN FRANCISCO, April 21, 2026\n\nSAN FRANCISCO, April 21, 2026 /PRNewswire/ -- Investors in DNOW Inc. (NYSE:\nDNOW), a leading distributor of PVF, pumps and fabricated equipment, saw the\nprice of their shares fall about 19% on February 20, 2026 after reporting its\nQ4 and FY 2025 financial results and revealing surprising, adverse,\ninformation.\n\n(https://mma.prnewswire.com/media/2590203/Hagens_Berman_Sobol_Shapiro_LLP_Logo.html)\n\nThe developments have prompted national shareholder rights firm Hagens Berman\nto commence an investigation into whether DNOW's disclosures before February\n20 may have violated federal securities laws.\n\nThe firm encourages DNOW investors who suffered substantial losses to submit\nyour losses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=4122687223&u=https%3A%2F%2Fwww.hbsslaw.com%2Finvestor-fraud%2Fdnow&a=submit+your+losses+now)\n. The firm also encourages persons with knowledge who may be able to assist\nthe investigation to contact its attorneys.\n\nVisit: www.hbsslaw.com/investor-fraud/dnow\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=261644968&u=http%3A%2F%2Fwww.hbsslaw.com%2Finvestor-fraud%2Fdnow&a=www.hbsslaw.com%2Finvestor-fraud%2Fdnow)\n\nContact the Firm Now: DNOW@hbsslaw.com (mailto:DNOW@hbsslaw.com)\n                                        844-916-0895\n\nDNOW Inc. (DNOW) Investigation:\n\nThe investigation is focused on the propriety of DNOW's disclosures about\ncertain enterprise resource planning (\"ERP\") issues faced by its acquisition\ntarget, MRC Global Inc., leading up to- and after- the acquisition closed on\nNovember 6, 2025.\n\nOn November 5, 2025, the day before the acquisition closed, DNOW held its Q3\n2025 earnings call. DNOW management assured investors about MRC's ERP\ndeployment, stating \"[i]t's a state-of-the-art system that really lends itself\nto improved inventory management and visibility, order processing efficiency,\nsupply chain optimization, improved financial control, customer service\nenhancement and certainly more data-driven solutions.\"\n\nWhile noting that \"ERP implementation is a complicated exercise[,]\" DNOW\nmanagement emphasized that \"MRC characterized their issues with implementing\nthe ERP as an isolated one-time event[]\" and \"they just implemented a\nworld-class ERP.\"\n\nInvestors' expectations were dashed on February 20, 2026. That day, DNOW\nreported its Q4 and FY 2025 financial results.\n\nAmong the disappointments, DNOW revealed that MRC revenues declined in the\nfourth quarter \"due to persistent ERP challenges[]\" and that \"the MRC Global\nERP project […] is fair to characterize as an obstacle.\"\n\nIn addition, in contrast to DNOW's November assurances, management said\n\"[d]esign architecture is resulting in inefficiencies for certain core\nprocesses, continuing negative operating and financial impacts.\" Further,\n\"[o]bserved limitations across the system are guided as it is slow, impedes\ncustomer service, requires more resources, increases safety stock, and\ndifficulty processing orders.\" As a result, post-acquisition, DNOW revealed\nthat it needed to invest more money to remediate ERP issues previously\ncharacterized as \"an isolated one-time event.\"\n\nOf additional concern, DNOW delayed sequential and full year 2026 guidance,\nblaming \"persistent challenges related to our ERP implementation within legacy\nMRC Global US operations.\"\n\nThe market swiftly reacted, sending the price of DNOW shares down 19% and\nlopping off over $580 million of market capitalization in just one day.\n\n\"We're focused on whether DNOW management may have known about MRC's ongoing,\npersistent ERP implementation problems that, as management acknowledged a few\nmonths later, presented obstacles to efficiency,\" said Reed Kathrein\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=3915101744&u=https%3A%2F%2Fwww.hbsslaw.com%2Fattorneys%2Freed-kathrein&a=Reed+Kathrein)\n, the Hagens Berman partner leading the firm's investigation.\n\nIf you invested in DNOW and have substantial losses, or have knowledge that\nwill assist the firm's investigation, submit your losses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=4122687223&u=https%3A%2F%2Fwww.hbsslaw.com%2Finvestor-fraud%2Fdnow&a=submit+your+losses+now)\n.\n\nIf you'd like more information and answers to frequently asked questions about\nthe firm's DNOW investigation, read more »\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=1208174716&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Fdnow-inc-dnow-investigation&a=read+more+%C2%BB)\n\nWhistleblowers: Persons with non-public information regarding DNOW should\nconsider their options to help in the investigation or take advantage of the\nSEC Whistleblower program. Under the new program, whistleblowers who provide\noriginal information may receive rewards totaling up to 30 percent of any\nsuccessful recovery made by the SEC. For more information, call Reed Kathrein\nat 844-916-0895 or email DNOW@hbsslaw.com (mailto:DNOW@hbsslaw.com) .\n\nAbout Hagens Berman\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=1921631316&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=About+Hagens+Berman)\n\nHagens Berman is a global plaintiffs' rights complex litigation firm focusing\non corporate accountability. The firm is home to a robust practice and\nrepresents investors as well as whistleblowers, workers, consumers and others\nin cases achieving real results for those harmed by corporate negligence and\nother wrongdoings. Hagens Berman's team has secured more than $2.9 billion in\nthis area of law. More about the firm and its successes can be found\nat hbsslaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=2536581485&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=hbsslaw.com)\n. Follow the firm for updates and news at @ClassActionLaw\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669036-1&h=2913789539&u=https%3A%2F%2Fwww.twitter.com%2FClassActionLaw&a=%40ClassActionLaw)\n.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/dnow-inc-dnow-faces-investor-scrutiny-amid-reality-check-against-november-comments-about-mrc-global-erp-issues-stock-down-19-on-news--hagens-berman-302748465.html\n(https://www.prnewswire.com/news-releases/dnow-inc-dnow-faces-investor-scrutiny-amid-reality-check-against-november-comments-about-mrc-global-erp-issues-stock-down-19-on-news--hagens-berman-302748465.html)\n\nSOURCE Hagens Berman Sobol Shapiro LLP\n\n\n\nReed Kathrein, 844-916-0895\n\nPhoto: \nhttps://mma.prnewswire.com/media/2590203/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-04-21T13:30:27.337490768Z","server_sent_at_ms":1776778227337},"received_at":"2026-04-21T13:30:27.483Z","source_url":"https://www.prnewswire.com/news-releases/dnow-inc-dnow-faces-investor-scrutiny-amid-reality-check-against-november-comments-about-mrc-global-erp-issues-stock-down-19-on-news--hagens-berman-302748465.html"},"analysis":{"id":"1953","press_release_id":"3000","analysis_json":{"industry":{"label":"Capital Goods","sector":"Industrials"},"redFlags":["Stock down 19% in a single day","Federal securities law violation investigation","2026 guidance delayed","Contradictory statements regarding ERP implementation (Nov vs Feb)"],"eventType":"legal_litigation","narrative":"Hagens Berman has launched an investigation into DNOW Inc. for potential federal securities law violations following a 19% plunge in share price on February 20, 2026.\n\nThe investigation centers on whether DNOW misled investors regarding ERP implementation issues at its acquisition target, MRC Global, contrasting November assurances of a 'world-class ERP' with February admissions of 'persistent challenges' and 'obstacles'.\n\nDue to these ongoing operational issues, DNOW delayed its full-year 2026 guidance, resulting in the erasure of over $580 million in market capitalization in a single day.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Securities fraud investigation launched after 19% plunge caused by ERP reality check on MRC Global acquisition."},"keyFigures":{"customDimensions":{"stock_drop_percent":"19%","market_cap_loss_usd":"$580 million"}},"quotedText":"We're focused on whether DNOW management may have known about MRC's ongoing, persistent ERP implementation problems that, as management acknowledged a few months later, presented obstacles to efficiency","namedEntities":{"people":[{"name":"Reed Kathrein","role":"Partner"}],"products":["Enterprise Resource Planning (ERP)"],"companies":[{"name":"DNOW Inc.","ticker":"DNOW"},{"name":"MRC Global Inc."},{"name":"Hagens Berman Sobol Shapiro LLP"}],"dollarAmounts":[{"amount":"$580 million","context":"market capitalization lost in one day"}]},"materialImpact":{"score":5,"reasoning":"The stock collapsed 19% in a single day (losing over $580M in market cap) following contradictory disclosures regarding the MRC Global acquisition, prompting a federal securities fraud investigation."},"tickerRelevance":{"others":[],"primary":"DNOW"},"eventTypeSecondary":["earnings","guidance_update"]},"event_type":"legal_litigation","event_type_secondary":["earnings","guidance_update"],"sentiment":"bearish","material_impact_score":5,"narrative":"Hagens Berman has launched an investigation into DNOW Inc. for potential federal securities law violations following a 19% plunge in share price on February 20, 2026.\n\nThe investigation centers on whether DNOW misled investors regarding ERP implementation issues at its acquisition target, MRC Global, contrasting November assurances of a 'world-class ERP' with February admissions of 'persistent challenges' and 'obstacles'.\n\nDue to these ongoing operational issues, DNOW delayed its full-year 2026 guidance, resulting in the erasure of over $580 million in market capitalization in a single day.","key_figures":{"customDimensions":{"stock_drop_percent":"19%","market_cap_loss_usd":"$580 million"}},"named_entities":{"people":[{"name":"Reed Kathrein","role":"Partner"}],"products":["Enterprise Resource Planning (ERP)"],"companies":[{"name":"DNOW Inc.","ticker":"DNOW"},{"name":"MRC Global Inc."},{"name":"Hagens Berman Sobol Shapiro LLP"}],"dollarAmounts":[{"amount":"$580 million","context":"market capitalization lost in one day"}]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-21T19:23:54.766Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:53.469Z"}},"durationMs":120415,"modelName":"glm-4.7"}}