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Dril-Quip, Inc.

DRQ

Latest Trade

44.92USD

Change

0.71(+1.61%)

Volume

212,983

Today's Range

43.99

 - 

44.99

52 Week Range

26.62

 - 

56.71

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Dril-Quip Inc Posts Q3 Loss Per Share Of $0.04

Oct 24 (Reuters) - Dril-Quip Inc <DRQ.N>::DRIL-QUIP, INC. ANNOUNCES THIRD QUARTER 2019 RESULTS.Q3 LOSS PER SHARE $0.04.Q3 REVENUE $108 MILLION VERSUS REFINITIV IBES ESTIMATE OF $103.7 MILLION.SEES FY 2019 REVENUE $405 MILLION TO $415 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.13 -- REFINITIV IBES DATA.Q3 ADJUSTED LOSS PER SHARE $0.07 EXCLUDING ITEMS.FY2019 REVENUE VIEW $409.3 MILLION -- REFINITIV IBES DATA.ENDED QUARTER WITH A BACKLOG OF $251 MILLION AFTER BOOKING $92 MILLION IN PRODUCT ORDERS.TARGET CONTINUES TO BE FREE CASH FLOW POSITIVE FOR FY.

Dril-Quip Says Crd Contract Value Of About $82 Mln Will Be Removed From Backlog

Sept 16 (Reuters) - Dril-Quip Inc <DRQ.N>::DRIL-QUIP, INC. ANNOUNCES TERMINATION OF CONTRACT AWARD FOR CA RONG DO PROJECT.DRIL-QUIP INC - CRD CONTRACT VALUE OF APPROXIMATELY $82 MILLION WILL BE REMOVED FROM COMPANY'S BACKLOG..DRIL-QUIP - REMAIN CONFIDENT IN ACHIEVING GUIDANCE OF $75 TO $95 MILLION OF PRODUCT BOOKINGS & $100 TO $110 MILLION OF REVENUE PER QUARTER FOR 2019 REMAINDER.

Dril-Quip Inc - Entered Into Agreements With Afglobal Corporation

Dril-Quip Inc <DRQ.N>::DRIL-QUIP, INC. UPDATES TRANSFORMATION EFFORTS WITH ANNOUNCEMENT OF FORGE FACILITIES TRANSACTION.DRIL-QUIP INC - EXPECTS TRANSACTION TO CONTRIBUTE ABOUT $11 - $13 MILLION ANNUALLY TOWARDS COST SAVINGS TARGET OF $40 - $50 MILLION.DRIL-QUIP INC - ENTERED INTO AGREEMENTS WITH AFGLOBAL CORPORATION.DRIL-QUIP INC - AFGLOBAL WILL LEASE CO'S FORGE FACILITIES AND EQUIPMENT AT HOUSTON MANUFACTURING CAMPUS WITH OPTION TO ACQUIRE SAME ASSETS.DRIL-QUIP - EFFECTIVE OCT 1, 2019, AFGLOBAL'S INDUSTRIAL FORGING DIVISION WILL ASSUME ALL OPERATIONAL RESPONSIBILITY OF DRIL-QUIP'S FORGE FACILITIES.

Dril-Quip Q2 Earnings Per Share $0.05

July 25 (Reuters) - Dril-Quip Inc <DRQ.N>::Q2 EARNINGS PER SHARE $0.05.Q2 EARNINGS PER SHARE $0.05.Q2 REVENUE $104 MILLION.Q2 EARNINGS PER SHARE VIEW $0.03, REVENUE VIEW $97.2 MILLION -- REFINITIV IBES DATA.SEES FY 2019 TOTAL REVENUE $400 - $420 MILLION.FY2019 REVENUE VIEW $391.1 MILLION -- REFINITIV IBES DATA.NEW $100 MILLION SHARE REPURCHASE PLAN APPROVED BY BOARD IN Q1 2019.

Dril-Quip Inc. Q2 Earnings Per Share $0.05

July 25 (Reuters) - Dril-Quip Inc <DRQ.N>::DRIL-QUIP, INC. ANNOUNCES SECOND QUARTER 2019 RESULTS.Q2 EARNINGS PER SHARE $0.05.Q2 REVENUE $104 MILLION VERSUS REFINITIV IBES ESTIMATE OF $97.2 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.03 -- REFINITIV IBES DATA.FOR SECOND HALF OF 2019, EXPECT REVENUE TO BE IN RANGE OF $100 TO $110 MILLION PER QUARTER.DURING Q2 OF 2019, DRIL-QUIP ACHIEVED AN ADDITIONAL $5 MILLION OF ANNUALIZED COSTS SAVINGS.RESTRUCTURING CHARGES ASSOCIATED WITH IMPLEMENTATION OF COST SAVING INITIATIVES TOTALED $1 MILLION DURING QUARTER.

Dril-Quip, Inc. Announces First Quarter 2019 Results

April 25 (Reuters) - Dril-Quip Inc <DRQ.N>::DRIL-QUIP, INC. ANNOUNCES FIRST QUARTER 2019 RESULTS.Q1 LOSS PER SHARE $0.17.Q1 REVENUE $94.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF $95.9 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $-0.06 -- REFINITIV IBES DATA.Q1 LOSS PER SHARE $0.12 EXCLUDING ITEMS.INCREASED NON-PROJECT BOOKINGS TO $99 MILLION IN Q1 OF 2019.LOOKING AHEAD TO Q2, WE EXPECT REVENUES TO BE AT HIGH END OF PREVIOUSLY INDICATED RANGE OF $90 TO $100 MILLION.INCREASING EXPECTATIONS FOR BOOKINGS IN Q2 TO BETWEEN $75 MILLION AND $95 MILLION.REPORTED CASH ON HAND OF $414.8 MILLION AND MAINTAINED A CLEAN BALANCE SHEET WITH NO DEBT AS OF MARCH 31, 2019.REMAIN CAUTIOUSLY OPTIMISTIC ABOUT BOOKINGS IN BACK HALF OF YEAR BUT DO NOT HAVE CLEAR VISIBILITY.EXPECT SOME SHORT-TERM VARIABILITY IN CASH FLOW; TARGETING TO BE FREE CASH FLOW POSITIVE FOR FULL YEAR.

Dril-Quip Names Jeffrey J. Bird As CFO

March 4 (Reuters) - Dril-Quip Inc <DRQ.N>::DRIL-QUIP ANNOUNCES MANAGEMENT CHANGES.SAYS JEFFREY J. BIRD APPOINTED CFO.APPOINTED JEFFREY BIRD AS CHIEF FINANCIAL OFFICER, EFFECTIVE IMMEDIATELY..

Dril-Quip Inc Reports Fourth Quarter Results

Feb 26 (Reuters) - Dril-Quip Inc <DRQ.N>::DRIL-QUIP INC - INCREASED FOURTH QUARTER 2018 REVENUES TO $97.3 MILLION, ABOVE THE HIGH END OF THE GUIDANCE RANGE OF $80 – $90 MILLION.DRIL-QUIP INC - QTRLY LOSS PER SHARE $2.09.DRIL-QUIP INC - BACKLOG AT YEAR-END 2018 GREW TO $270.0 MILLION, AN INCREASE OF $63 MILLION FROM YEAR-END 2017.DRIL-QUIP INC - REMAIN CAUTIOUSLY OPTIMISTIC THAT WE WILL SEE BACKLOG PROGRESSIVELY TREND UPWARD IN 2019.DRIL-QUIP INC - FOR Q1 2019, EXPECT REVENUE BETWEEN $90 MILLION AND $100 MILLION.DRIL-QUIP - SUPPLY CHAIN EFFORTS, UNDERWAY & LONGER-TERM IN NATURE, TO START TO BE REALIZED IN 2020.

Dril-Quip Q3 Loss Per Share $0.28 Including Items

Oct 25 (Reuters) - Dril-Quip Inc <DRQ.N>::Q3 LOSS PER SHARE $0.28 INCLUDING ITEMS.Q3 ADJUSTED LOSS PER SHARE $0.20.QTRLY TOTAL REVENUE $93.3 MILLION VERSUS $100.3 MILLION.COMPANY’S REVENUE WILL BE BETWEEN $80 MILLION AND $90 MILLION FOR Q4 2018.COMPANY’S BACKLOG WAS $260.9 MILLION AND $249.0 MILLION AS OF JUNE 30, 2018 AND SEPTEMBER 30, 2018, RESPECTIVELY.

Dril-Quip Enters Into Feed Contract And Frame Agreement For Sea Lion Project Subsea Production Systems

Oct 18 (Reuters) - Dril-Quip Inc <DRQ.N>::DRIL-QUIP ENTERS INTO FEED CONTRACT AND FRAME AGREEMENT FOR SEA LION PROJECT SUBSEA PRODUCTION SYSTEMS.DRIL-QUIP INC - CURRENT ESTIMATED VALUE OF EQUIPMENT PORTION OF SCOPE OF WORK IS $207 MILLION.DRIL-QUIP - FRAME AGREEMENT REPLACES PREVIOUSLY ANNOUNCED LETTER OF INTENT.DRIL-QUIP - UNDER FRAME AGREEMENT, IT IS ENVISAGED THAT CO WILL PROVIDE VENDOR FINANCING FOR UP TO 30% OF EQUIPMENT PORTION OF CONTRACT.DRIL-QUIP INC - CO'S UNIT ENTERED INTO FRONT END ENGINEERING & DESIGN CONTRACT & FRAME AGREEMENT WITH PREMIER OIL EXPLORATION & PRODUCTION LIMITED.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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