Dril-Quip

Dril-Quip, Inc. designs, manufactures, sells and services engineered offshore drilling and production equipment. It operates through the following geographical segments: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific. Its products include specialty casing connectors, mudline suspension equipment, downhole tools, capital drilling equipment, control systems, and dry tree systems. The company was founded by Larry E. Reimert, Gary W. Loveless, Gary D. Smith and J. Mike Walker in 1981 and is headquartered in Houston, TX.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q1 2024

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Earnings data Q3 2024

Dril-Quip reports robust Q4 revenue growth and eyes market expansion

Dril-Quip's Q4 2022 earnings call highlighted strong revenue growth, improved margins, and a focus on operational efficiency. While facing challenges in free cash flow, the company is poised to capitalize on growth opportunities in key markets for long-term success.

Dril-Quip reports solid Q1 growth, eyes market expansion opportunities

Dril-Quip's Q1 performance reflects revenue growth and operational initiatives driving efficiency. While facing challenges with free cash flow and customer responsiveness, the company remains optimistic about future opportunities and growth potential. Maintaining a disciplined approach to capital allocation positions Dril-Quip for long-term success.

Dril-Quip reports robust Q2 performance and expands market presence

Dril-Quip's Q2 2023 performance reflects operational strength and strategic focus, with notable achievements in key projects and financial improvements.
The Great North acquisition bolsters the company's market position and offers synergistic benefits, while maintaining a solid financial foundation.
Despite segment challenges, Dril-Quip's diversified operations and debt-free status provide resilience and opportunities for growth amidst market uncertainties.

Dril-Quip reports robust Q3 earnings, eyes growth through strategic initiatives

Despite facing challenges in the service segment, Dril-Quip's strong revenue growth and strategic initiatives position it for future success. The acquisition of Great North and focus on synergies offer promising prospects for enhanced profitability. With a positive outlook for 2024, the company aims to capitalize on market opportunities and drive growth.

Dril-Quip reports stellar Q4 results, eyes growth amid industry optimism

Dril-Quip's Q4 2023 performance reflects robust revenue growth, improved EBITDA, and strategic initiatives driving operational efficiency and financial strength.
Despite potential challenges from market dynamics and operational complexities, the company's positive outlook, strong financial metrics, and market positioning offer a foundation for continued success.
With a focus on growth opportunities, market expansion, and operational resilience, Dril-Quip is poised to capitalize on industry trends, drive innovation, and deliver value to stakeholders.

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Innovex International, Inc. engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.

NEW YORK, NY / ACCESSWIRE / August 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Dril-Quip, Inc. ("Dril-Quip") (NYSE:DRQ) concerning possible violations of federal securities laws. On July 8, 2024, Dril-Quip disclosed in a filing with the U.S. Securities and Exchange Commission that it had identified "an error in the classification of certain inventory write-downs from 2021.

Dril-Quip, Inc. Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details - DRQ

Subsea Products and Well Construction business activities primarily aid Dril-Quip's (DRQ) Q2 earnings.

Dril-Quip's (DRQ) Q2 Earnings Rise on Well Construction

NEW YORK, NY / ACCESSWIRE / August 8, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Dril-Quip, Inc. ("Dril-Quip") (NYSE:DRQ) concerning possible violations of federal securities laws. On July 8, 2024, Dril-Quip disclosed in a filing with the U.S. Securities and Exchange Commission that it had identified "an error in the classification of certain inventory write-downs from 2021.

DRQ ACTIVE INVESTIGATION: Contact Levi & Korsinsky if you lost money on your Dril-Quip, Inc. investment

LOS ANGELES, CA / ACCESSWIRE / August 8, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Dril-Quip, Inc. ("Dril-Quip" or "the Company") (NYSE:DRQ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Dril-Quip Inc Securities Fraud Investigation Open To Drq Investors With The Schall Law Firm

NEW YORK, NY / ACCESSWIRE / August 7, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Dril-Quip, Inc. ("Dril-Quip") (NYSE:DRQ) concerning possible violations of federal securities laws. On July 8, 2024, Dril-Quip disclosed in a filing with the U.S. Securities and Exchange Commission that it had identified "an error in the classification of certain inventory write-downs from 2021.

Levi & Korsinsky Reminds Dril-Quip Investors of the Ongoing Investigation into Potential Violations of Securities Laws – DRQ

LOS ANGELES, CA / ACCESSWIRE / August 7, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Dril-Quip, Inc. ("Dril-Quip" or "the Company") (NYSE:DRQ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Dril-Quip Inc Securities Fraud Investigation Open To DRQ Investors With The Schall Law Firm

Shareholder Rights Advocates at Levi & Korsinsky Investigate Dril-Quip, Inc. (DRQ) Regarding Possible Securities Fraud Violations

PetIQ

NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PETQ, DRQ on Behalf of Shareholders

ATTENTION Dril-Quip, Inc. Investors: You May Have Been Affected by Fraud- Contact Levi & Korsinsky to Discuss Your Rights

Dril-Quip, Inc. Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details- DRQ

NEW YORK , Aug. 7, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating Dril-Quip, Inc. (NYSE: DRQ) , relating to its proposed merger with Innovex Downhole Solutions, Inc. Under the terms of the agreement, Dril-Quip stockholders will own approximately 52% of the combined company on a fully diluted basis.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Dril-Quip, Inc. - DRQ

Shareholders That Lost Money on Dril-Quip, Inc.(DRQ) Should Contact Levi & Korsinsky About Securities Fraud Investigation - DRQ

NEW YORK, NY / ACCESSWIRE / August 6, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Dril-Quip, Inc. ("Dril-Quip") (NYSE:DRQ) concerning possible violations of federal securities laws. On July 8, 2024, Dril-Quip disclosed in a filing with the U.S. Securities and Exchange Commission that it had identified "an error in the classification of certain inventory write-downs from 2021.

Lost Money on Dril-Quip, Inc.(DRQ)? Contact Levi & Korsinsky Regarding an Ongoing Investigation

HOUSTON, TX / ACCESSWIRE / August 6, 2024 / Dril-Quip, Inc. (NYSE:DRQ), ("Dril-Quip"), announced that its special meeting of stockholders will be held on Thursday, September 5, 2024, at 9:30 a.m., Central Time for consideration and voting on the proposed merger between Innovex Downhole Solutions, Inc. ("Innovex") and Dril-Quip (the "Transaction"), as well as certain other matters relating thereto ("Dril-Quip Special Meeting").

Dril-Quip Announces Special Meeting Date to Vote on Pending Merger with Innovex; Form S-4 Registration Statement Declared Effective

LOS ANGELES, CA / ACCESSWIRE / August 6, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Dril-Quip, Inc. ("Dril-Quip" or "the Company") (NYSE:DRQ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

DRQ Investors Can Join The Dril-Quip Inc Securities Fraud Investigation With The Schall Law Firm

Dril-Quip, Inc. (DRQ) Investors with Losses are Urged to Contact Levi & Korsinsky to Discuss Their Rights

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Dril-Quip, Inc. (“Dril-Quip” or the “Company”) (NYSE: DRQ) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Dril-Quip investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Dril-Quip, Inc. (DRQ) on Behalf of Investors

Levi & Korsinsky Announces an Investigation on Behalf of Dril-Quip, Inc. (DRQ) Shareholders Who May Have Been Affected by Fraud

NEW YORK, NY / ACCESSWIRE / August 5, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Dril-Quip, Inc. ("Dril-Quip") (NYSE:DRQ) concerning possible violations of federal securities laws. On July 8, 2024, Dril-Quip disclosed in a filing with the U.S. Securities and Exchange Commission that it had identified "an error in the classification of certain inventory write-downs from 2021.

Shareholders that lost money on Dril-Quip, Inc.(DRQ) should contact Levi & Korsinsky about Securities Fraud Investigation - DRQ

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Dril-Quip, Inc. (“Dril-Quip” or the “Company”) (NYSE: DRQ) investors concerning the Company's possible violations of federal securities laws. On July 8, 2024, Dril-Quip disclosed that it had “misclassified inventory write-downs from 2021 totaling approximately $67 million, including $19.3 million related to the 2018 global strategic plan and approximately $47.7 million due to the discontinuati.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Dril-Quip, Inc. (DRQ) on Behalf of Investors

Dril-Quip, Inc. Investigation Ongoing: Contact Levi & Korsinsky About Potential Securities Fraud Allegations - DRQ

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Dril-Quip, Inc. (“Dril-Quip” or the “Company”) (NYSE: DRQ) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On July 8, 2024, Dril-Quip disclosed that it had “misclassified inventory write-downs from 2021 totaling approximately $67 million, including $19.3 million related to the 2018 gl.

The Law Offices of Frank R. Cruz Announces Investigation of Dril-Quip, Inc. (DRQ) on Behalf of Investors

NEW YORK, NY / ACCESSWIRE / August 3, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Dril-Quip, Inc. ("Dril-Quip") (NYSE:DRQ) concerning possible violations of federal securities laws. On July 8, 2024, Dril-Quip disclosed in a filing with the U.S. Securities and Exchange Commission that it had identified "an error in the classification of certain inventory write-downs from 2021.

DRQ STOCK ALERT: Levi & Korsinsky Notifies Dril-Quip, Inc. Investors of an Ongoing Investigation

HOUSTON, TX / ACCESSWIRE / August 1, 2024 / Dril-Quip, Inc. (NYSE:DRQ), (the "Company" or "Dril-Quip"), a developer, manufacturer and provider of highly engineered equipment, service, and innovative technologies for use in the energy industry, today reported operational and financial results for the three months ended June 30, 2024. Second Quarter Highlights Revenue of $120.3 million, an increase of 9.1% sequentially and 34.3% year-over-year Subsea Products orders booked of $54.1 million, increasing 25% sequentially.

Dril-Quip, Inc. Announces Second Quarter 2024 Results

LOS ANGELES, CA / ACCESSWIRE / July 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Dril-Quip, Inc. ("Dril-Quip" or "the Company") (NYSE:DRQ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

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