NOW Inc. — which does business through its DistributionNOW brand — posted total second-quarter sales of $594 million, up $55 million year-over-year.

In its 2Q 2023 financial results posted on Aug. 2, the Houston-based oilfield products distributor recorded EBITDA, excluding other costs for the quarter, of $47 million or 7.9% of revenue. David Cherechinsky, NOW President and CEO, said in a news release that this was the most profitable first half of the year NOW has had since being a public company.

“In the second quarter we produced strong free cash flow of $79 million, completed two acquisitions and recorded an impressive 22% year-over-year growth in our international segment,” Cherechinsky said.

NOW’s sales growth in the quarter was down from 23.5% in 1Q23.

The company’s 2Q23 operating profit of $36 million topped the $29 million of a year earlier, while net profit of $34 million topped the $26 million of a year earlier.

Diluted earnings per share attributable to NOW stockholders was $0.31 and non-GAAP diluted earnings per share attributable to NOW stockholders excluding other costs was $0.25 for the second quarter of 2023