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Dril-Quip Inc (DRQ.N)

DRQ.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Dril-Quip, Inc. Announces First Quarter 2019 Results
Friday, 26 Apr 2019 

April 25 (Reuters) - Dril-Quip Inc ::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.  Full Article

Dril-Quip Inc Reports Fourth Quarter Results
Wednesday, 27 Feb 2019 

Feb 26 (Reuters) - Dril-Quip Inc ::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.  Full Article

Dril-Quip Inc Files For Potential Mixed Shelf Offering
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Dril-Quip Inc ::DRIL-QUIP INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Dril-Quip Q4 Loss Per Share $1.90
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Dril-Quip Inc ::DRIL-QUIP, INC. ANNOUNCES RESULTS FOR FOURTH QUARTER 2017.Q4 ADJUSTED EARNINGS PER SHARE $0.01 EXCLUDING ITEMS.Q4 LOSS PER SHARE $1.90.SEES FY 2018 REVENUE $380 MILLION TO $420 MILLION.Q4 REVENUE ROSE 8 PERCENT TO $108 MILLION.DRIL-QUIP - APPROVED TERMINATION OF STOCKHOLDER RIGHTS PLAN BY AMENDING ASSOCIATED RIGHTS AGREEMENT TO ACCELERATE EXPIRATION DATE TO ON FEB 26.Q4 EARNINGS PER SHARE VIEW $0.02, REVENUE VIEW $99.8 MILLION -- THOMSON REUTERS I/B/E/S.DRIL-QUIP - EXPECT REVENUE TO AVERAGE BETWEEN $90 MILLION AND $100 MILLION PER QUARTER THROUGH FIRST THREE QUARTERS OF 2018.  Full Article

Dril-Quip announces qtrly adjusted earnings per share ‍$0.05​
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Dril-Quip Inc :Dril-Quip, Inc. announces results for third quarter 2017.Dril-Quip Inc - Qtrly adjusted earnings per share ‍$0.05​.Dril-Quip Inc - Qtrly revenue $100.3 million versus $123.6 ‍​million.Dril-Quip Inc - Qtrly loss per share ‍$0.78​.Q3 earnings per share view $-0.01, revenue view $106.8 million -- Thomson Reuters I/B/E/S.Dril-Quip - ‍Disruption caused by hurricane Harvey accounted for about $2.5 million in delayed qtrly revenues in western hemisphere​.Dril-Quip Inc- ‍Does not expect Q4 2017 revenues to materially change from Q3​.Q4 revenue view $99.7 million -- Thomson Reuters I/B/E/S.Dril-Quip - ‍Co's largest markets remain offshore, harsh, deepwater environments; co at/near trough today in activity in those markets​.  Full Article

Dril-Quip updates on impact of Hurricane Harvey
Wednesday, 6 Sep 2017 

Sept 6 (Reuters) - Dril-Quip Inc :Dril-Quip updates on impact of Hurricane Harvey.Dril-Quip Inc - ‍previous revenue guidance for second half of 2017 remains unchanged​.Dril-Quip Inc - ‍company's offices and manufacturing facilities sustained no material damage​.Dril-Quip Inc - resumption of normal operations at its Houston locations as of Tuesday, September 5, 2017..Dril-Quip Inc - ‍there may be some changes in delivery schedules in short term​.  Full Article

Dril-Quip Inc announces results for second quarter 2017
Friday, 28 Jul 2017 

July 28 (Reuters) - Dril-quip Inc :Q2 revenue $128 million versus I/B/E/S view $111.9 million.Q2 adjusted earnings per share $0.09 excluding items.Q2 earnings per share $0.00 including items.Q2 earnings per share view $0.05 -- Thomson Reuters I/B/E/S.Says "‍experienced disappointing product bookings primarily due to weakening commodity prices during quarter"​.Says ‍believe difficult market conditions will persist at least throughout remainder of 2017​.Says ‍currently anticipate revenues for second half of 2017 could be as much as 20 percent lower than revenues from first half of 2017​.FY2017 revenue view $455.1 million -- Thomson Reuters I/B/E/S.Dril-Quip - "continue to believe we will, barring any further unexpected deterioration in oil prices, be free cash flow positive for balance of 2017".  Full Article