DistributionNOW is one of the largest distributors to the energy and industrial sectors. With approximately 300 locations and approximately 4,500 employees worldwide, we stock and sell a comprehensive offering of products for the upstream, midstream, and downstream & industrial market segments. We offer more than 300,000 stock keeping units, including pipe, valves and valve automation, fittings, instrumentation, mill and industrial supplies, tools, safety supplies, electrical products, drilling and production equipment, artificial lift, pumps, fabricated equipment, and industrial paints and coatings. As a defining element of our ISO 9001 certified Quality Management System, our Supplier Evaluation Program is industry-recognized for its focus on ensuring product quality through daily inspections, quarterly enhanced inspections, and supplier quality audits. Our approved manufacturers list is one of our most powerful benefits to our customers, some of whom have chosen to adopt it as their own while others collaborate directly with us. We also offer supply chain solutions such as procurement, inventory, warehouse management logistics, safety and turnaround support services, project management, and business process and performance metrics reporting.
For information regarding the cost basis allocation for DNOW shares received through the spinoff, please visit nov.com/investors for a detailed .pdf.