DRQ

Dril-Quip, Inc. Announces Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Monday, February 27, 2023

HOUSTON, Feb. 27, 2023 (GLOBE NEWSWIRE) -- 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 fourth quarter and full year 2022.

Key Points: 
  • Consolidated revenue for the fourth quarter of 2022 was $96.8 million, up $8.7 million from the third quarter of 2022 and up $18.9 million compared to the fourth quarter of 2021.
  • Cost of sales for the fourth quarter of 2022 was $66.6 million, an increase of $0.9 million sequentially from the third quarter of 2022.
  • Gross operating margin for the fourth quarter of 2022 was 31.2%, up from 25.4% for the third quarter of 2022.
  • Adjusted EBITDA totaled $10.4 million for the fourth quarter of 2022 compared to $7.0 million for the third quarter 2022.

Dril-Quip, Inc. Schedules Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

Retrieved on: 
Thursday, February 23, 2023

HOUSTON, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) announced today that it will release its fourth quarter and full year 2022 earnings results on February 27, 2023, after the close of the U.S. financial markets.

Key Points: 
  • HOUSTON, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) announced today that it will release its fourth quarter and full year 2022 earnings results on February 27, 2023, after the close of the U.S. financial markets.
  • Management will host a conference call and a webcast to discuss the financial results on February 28, 2023, at 10:00 a.m. Eastern Standard Time / 9:00 a.m. Central Standard Time.
  • The presentation is open to all interested parties and may include forward-looking information.
  • To pre-register for the conference call and obtain a dial-in number and passcode, please click on the registration link below.

Dril-Quip, Inc. Announces Third Quarter 2022 Results

Retrieved on: 
Thursday, October 27, 2022

Year-to-date repurchases through the third quarter of 2022 total approximately $21 million; and

Key Points: 
  • Year-to-date repurchases through the third quarter of 2022 total approximately $21 million; and
    Received upgraded MSCI ESG rating of an A in the quarter.
  • Consolidated revenue for the third quarter of 2022 was $88.1 million, down $5.8 million from the second quarter of 2022 and up $5.1 million compared to the third quarter of 2021.
  • Gross operating margin for the third quarter of 2022 was 25.4%, a slight decrease from 25.9% in the second quarter of 2022 and an increase from 24.3% in the third quarter of 2021.
  • Adjusted EBITDA totaled $7.0 million for the third quarter of 2022 compared to $9.3 million for the second quarter 2022.

Dril-Quip, Inc. Schedules Third Quarter 2022 Earnings Release And Upcoming Webcast

Retrieved on: 
Thursday, October 20, 2022

HOUSTON, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the Company or Dril-Quip) announced today that it will release its third quarter 2022 earnings press release following the market close on Thursday, October 27, 2022.

Key Points: 
  • HOUSTON, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the Company or Dril-Quip) announced today that it will release its third quarter 2022 earnings press release following the market close on Thursday, October 27, 2022.
  • The Company will also participate in a fireside chat webcast conversation with David Smith of Pickering Energy Partners on Friday, October 28, 2022 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
  • There will be no questions and answers from other participants during the event, but all stakeholders are invited listen to the conversation via webcast or conference call.
  • The third quarter 2022 earnings press release and link to access the webcast will be available on Dril-Quips website, www.dril-quip.com , under the Investors section.

Dril-Quip, Inc. to Participate in Pareto Securities Energy Conference

Retrieved on: 
Monday, September 12, 2022

HOUSTON, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) today announced its participation in an upcoming investor conference.

Key Points: 
  • HOUSTON, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) today announced its participation in an upcoming investor conference.
  • John Mossop, Director of Energy Transition, will present at the 2022 Pareto Securities Energy Conference on Wednesday, September 7, 2022.
  • Presentations from this conference are not being webcast; however, a copy of the Companys presentation will be accessible on the Companys website at www.dril-quip.com by visiting the Investors section.
  • Dril-Quip is a developer, manufacturer and provider of highly engineered equipment, service and innovative technologies for use in the energy industry.

Dril-Quip, Inc. To Participate In Upcoming Investor Conference

Retrieved on: 
Wednesday, August 31, 2022

HOUSTON, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) today announced its participation in an upcoming investor conference.

Key Points: 
  • HOUSTON, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) today announced its participation in an upcoming investor conference.
  • Jeff Bird, President and Chief Executive Officer, will participate in a fireside chat at the 2022 Barclays CEO Energy-Power Conference on Wednesday, September 7, 2022.
  • Mr. Bird and Kyle McClure, Vice President and Chief Financial Officer, will also host one-on-one meetings throughout the day.
  • A live webcast of the fireside chat at the Barclays conference and presentation slides will be accessible on the Companys website at www.dril-quip.com by visiting the Investors section.

Dril-Quip, Inc. Announces Second Quarter 2022 Results

Retrieved on: 
Thursday, July 28, 2022

Consolidated revenue for the second quarter of 2022 was $94.0 million, up $10.8 million from the first quarter of 2022 and up $13.2 million compared to the second quarter of 2021.

Key Points: 
  • Consolidated revenue for the second quarter of 2022 was $94.0 million, up $10.8 million from the first quarter of 2022 and up $13.2 million compared to the second quarter of 2021.
  • Gross operating margin for the second quarter of 2022 was 25.9%, an increase from 23.0% in the first quarter of 2022 and an increase from 23.8% in the second quarter of 2021.
  • Selling, general and administrative (SG&A) expenses for the second quarter of 2022 were $22.5 million, an increase of $0.1 million compared to the first quarter of 2022 and a decrease of $7.1 million compared to the second quarter of 2021.
  • Adjusted EBITDA for the second quarter of 2022 was up $6.7 million compared to the second quarter of 2021.

Dril-Quip, Inc. Schedules Second Quarter 2022 Earnings Release and Upcoming Webcast

Retrieved on: 
Thursday, July 21, 2022

HOUSTON, July 21, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the Company or Dril-Quip) announced today that it will release its second quarter 2022 earnings press release following the market close on Thursday, July 28, 2022.

Key Points: 
  • HOUSTON, July 21, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the Company or Dril-Quip) announced today that it will release its second quarter 2022 earnings press release following the market close on Thursday, July 28, 2022.
  • The Company will also participate in a fireside chat webcast conversation with U.S. Energy Services & Technology Analyst J. David Anderson of Barclays Capital on Friday, July 29, 2022 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
  • There will be no questions and answers from other participants during the event, but all stakeholders are invited listen to the conversation via webcast or conference call.
  • The second quarter 2022 earnings press release and link to access the webcast will be available on Dril-Quips website, www.dril-quip.com , under the Investors section.

Dril-Quip Announces Decarbonization Targets

Retrieved on: 
Monday, June 6, 2022

Decarbonization actions include switching to renewable electricity at certain manufacturing sites, rightsizing facilities, investing in infrastructure to reduce emissions, reducing vehicle fleet and evaluating electrification opportunities.

Key Points: 
  • Decarbonization actions include switching to renewable electricity at certain manufacturing sites, rightsizing facilities, investing in infrastructure to reduce emissions, reducing vehicle fleet and evaluating electrification opportunities.
  • Dril-Quip is engaging with key suppliers to reduce upstream emissions in sourcing activity to help them reduce their carbon footprint and commit to long-term GHG emission targets.
  • Jeff Bird,Dril-Quip'sChief Executive Officer, commented, We are proud to take these additional steps on our ESG journey, particularly establishing decarbonization targets to align with a 1.5C global warming pathway.
  • This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Companys anticipated decarbonization targets and related activities.

Dril-Quip, Inc. Announces First Quarter 2022 Results

Retrieved on: 
Thursday, April 28, 2022

HOUSTON, April 28, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the Company or Dril-Quip) today reported operational and financial results for the first quarter of 2022.

Key Points: 
  • HOUSTON, April 28, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the Company or Dril-Quip) today reported operational and financial results for the first quarter of 2022.
  • Consolidated revenue for the first quarter of 2022 was $83.1 million, up $5.2 million from the fourth quarter of 2021 and up $1.9 million compared to the first quarter of 2021.
  • Adjusted EBITDA totaled $3.2 million for the first quarter of 2022 compared to $0.6 million for the fourth quarter of 2021, representing incremental margins of 48.9% quarter over quarter.
  • Capital expenditures in the first quarter of 2022 were approximately $2.1 million, flat compared to the fourth quarter of 2021.