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 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

Dril-Quip (DRQ) delivered earnings and revenue surprises of -228.57% and 6.36%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Dril-Quip (DRQ) Reports Q4 Loss, Lags Revenue Estimates

HOUSTON, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the fourth quarter and full year 2021.

Dril-Quip, Inc. Announces Fourth Quarter and Full Year 2021 Results

OSLO, Norway and HOUSTON, Feb. 21, 2022 (GLOBE NEWSWIRE) -- Aker Solutions ASA (“Aker Solutions”) (OSE: AKSO) and Dril-Quip, Inc. (“Dril-Quip”) (NYSE: DRQ) today announced that their subsidiaries have entered into a Collaboration Agreement to offer subsea injection systems for carbon capture, utilization and storage (“CCUS”) projects.

Aker Solutions and Dril-Quip Announce CCUS Collaboration Agreement

Dril-Quip (DRQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Dril-Quip (DRQ) to Report a Decline in Earnings: What to Look Out for

HOUSTON, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) announced today that it will release its fourth quarter and full year 2021 results on Wednesday, February 23, 2022 after the close of trading on the New York Stock Exchange. The Company has also scheduled a conference call to discuss its 2021 results and 2022 outlook on Thursday, February 24, 2022 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).

Dril-Quip, Inc. Announces Timing of Year-End 2021 Earnings Release and Conference Call

HOUSTON, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) (the “Company” or “Dril-Quip”) announced today that its Board of Directors has appointed Kyle F. McClure as its Vice President and Chief Financial Officer effective January 1, 2022.

Dril-Quip, Inc. Announces Appointment of Kyle McClure as Chief Financial Officer

A deterioration in product revenues from the Asia Pacific and Eastern Hemisphere hurts Dril-Quip's (DRQ) Q3 earnings.

Dril-Quip (DRQ) Gains Despite Q3 Earnings & Revenue Miss

Dril-Quip's (DRQ) CEO Blake DeBerry on Q3 2021 Results - Earnings Call Transcript

Dril-Quip (DRQ) delivered earnings and revenue surprises of -191.67% and -6.22%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Dril-Quip (DRQ) Reports Q3 Loss, Lags Revenue Estimates

Dril-Quip (NYSE:DRQ) reported its Q3 earnings results on Thursday, October 28, 2021 at 04:45 PM. Here's what investors need to know about the announcement.

Dril-Quip: Q3 Earnings Insights

HOUSTON, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the third quarter of 2021.

Dril-Quip, Inc. Announces Third Quarter 2021 Results

HOUSTON, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) announced today that it will release its third quarter 2021 earnings press release following the market close on Thursday, October 28, 2021. The Company will also participate in a fireside chat webcast conversation with James West of Evercore ISI on Friday, October 29, 2021 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time).

Dril-Quip, Inc. Schedules Third Quarter 2021 Earnings Release and Upcoming Webcast

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HOUSTON, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) (the “Company” or “Dril-Quip”) announced today that Raj Kumar, Vice President and Chief Financial Officer, has resigned his position with Dril-Quip effective November 1, 2021 to take another opportunity and will assist in a smooth transition of his duties. The Company has engaged an executive search firm to conduct a search for its next Chief Financial Officer.

Dril-Quip, Inc. Announces Departure of Chief Financial Officer

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In light of increasing crude oil prices and Treasury yields pressuring technology shares, four energy stocks with high financial strength and trading at fair GF Values are Dril-Quip Inc. ( DRQ , Financial), REX American Resources Corp. ( REX , Financial), Evolution Petroleum Corp. ( EPM , Financial) and Natural Gas Services Group Inc. ( NGS , Financial) according to the All-in-One Screener, a Premium feature of GuruFocus.

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HOUSTON, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) (the “Company” or “Dril-Quip”) announced today that its Board of Directors has appointed Jeffrey J. Bird as its President and Chief Executive Officer, and elected him to the Board, both effective as of January 1, 2022 to replace Blake T. DeBerry, who will step down at that time. Mr. DeBerry will continue to serve as Chief Executive Officer and as a member of the Board until December 31, 2021.

Dril-Quip, Inc. Announces Leadership Transition

HOUSTON, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) (the 'Company' or ‘Dril-Quip') announced that it was presented with a Spotlight on New Technology Award by the 2021 Offshore Technology Conference (OTC) today for its BADGeR™ Specialty Casing Connector. The BADGeR™ is a high-performance, gas tight casing connector that features superior fatigue performance and anti-rotation keys to allow for hands-free make-up. These benefits provide quicker connection times and allow for fewer rig personnel working in the high risk red zone, making the BADGeR™ another product in Dril-Quip's “e-Series” that reduces risks and costs for the customer.

Dril-Quip, Inc. Wins OTC Spotlight on New Technology Award for BADGeR™ Specialty Connector

HOUSTON, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) (the “Company” or “Dril-Quip”) has formally launched its Environmental, Social and Governance (ESG) platform on its website https://www.dril-quip.com/environmental-social-governance.html. The updated internet site further reinforces the Company's commitment towards corporate social responsibility across its operations worldwide and outlines the ongoing environmental and social initiatives the Company has undertaken in support of its sustainability goals. The website will be utilized to help communicate Dril-Quip's ESG program initiatives going forward.

Dril-Quip® Launches ESG Platform

Dril-Quip (DRQ) expects capital expenditure for the year within $12-$15 million.

Dril-Quip (DRQ) Down 3.9% Since Q2 Earnings & Revenues Miss

Dril-Quip, Inc. (DRQ) CEO Blake DeBerry on Q2 2021 Results - Earnings Call Transcript

Dril-Quip (DRQ) delivered earnings and revenue surprises of -562.50% and -8.45%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Dril-Quip (DRQ) Reports Q2 Loss, Misses Revenue Estimates

HOUSTON, July 29, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the second quarter of 2021.

Dril-Quip, Inc. Announces Second Quarter 2021 Results

Dril-Quip (DRQ) May Report Negative Earnings: Know the Trend Ahead of Q2 Release

HOUSTON, July 21, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) announced today that it will release its second quarter 2021 earnings press release following the market close on Thursday, July 29, 2021. The Company will also participate in a fireside chat webcast conversation with Daniel Burke of Johnson Rice & Company on Friday, July 30, 2021 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time).

Dril-Quip, Inc. Schedules Second Quarter 2021 Earnings Release and Upcoming Webcast

For 2021, Dril-Quip (DRQ) reiterates its expectation of product bookings of $40-$60 million per quarter.

News for Dril-Quip Stock (DRQ)