DRQ - Earnings announcements

HOUSTON, TX / ACCESSWIRE / November 7, 2024 / Innovex International, Inc. (NYSE:INVX) ("Innovex," "we" or the "Company") today announced financial and operating results for the third quarter of 2024.Third Quarter HighlightsClosed transformative merger between Innovex Downhole Solutions, Inc. and former Dril-Quip, Inc., positioning the combined business for long-term successRevenue of $152 million, up 17% quarter over quarterNet Income1 of $83 million, up 766% quarter over quarter, and Net Income Margin of 54%Diluted earnings per share of $1.99Adjusted EBITDA2 of $27 million and Adjusted EBITDA margin2 of 18%Net Cash Provided by Operating Activities of $22 millionFree Cash Flow2 of $20 millio

HOUSTON, TX / ACCESSWIRE / November 1, 2024 / Innovex International, Inc. (NYSE:INVX), (the "Company" or "Innovex") announced today that it will release its third quarter 2024 earnings results on November 7, 2024, after the close of the U.S. financial markets.Management will host a conference call and a webcast to discuss the financial results on November 8, 2024, at 10:00 a.m. Eastern Daylight Time / 9:00 a.m. Central Daylight Time. The presentation is open to all interested parties and may include forward-looking information.To access the call, please dial in approximately ten minutes before the start of the call.Conference Call and Webcast DetailsDate / Time:Friday, November 08, 2024 - 9:

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 HighlightsRevenue of $120.3 million, an increase of 9.1% sequentially and 34.3% year-over-yearSubsea Products orders booked of $54.1 million, increasing 25% sequentially. Net of a subsea tree customer project cancellation for $39.6 million, Subsea Product Bookings were $12.8 millionNet Loss of $1.8 million, an improvement of $18.2 million sequential

HOUSTON, TX / ACCESSWIRE / May 2, 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 March 31, 2024.First Quarter HighlightsRevenue of $110.3 million decreased 12.7% sequentially and increased 21.4% year-over-yearNet Subsea Product Bookings of $41.1 millionNet Loss of $20.0 million decreased $21.8 million sequentially and $22.3 million year-over-yearAdjusted EBITDA of $10.2 million decreased $6.4 million sequentially and increased $1.3 million year-over-yearGross

Complementary combination creates an innovation leader with increased scale, a diverse product portfolio and geographic footprint with anticipated resilient earnings to drive value throughout industry cycles All-stock transaction allows stockholders to participate in combined company's future value creation while providing a strong financial profile with a pro forma, year-end 2023 net cash position of $99 million Combination immediately improves pro forma company's profitability and free cash flow generation including estimated cost synergies of approximately $30 million per year Transaction is expected to be immediately accretive to earnings and free cash flow Companies to host con

Annual revenue increases double digits year-over-yearFull year cash provided by operations increases $44.5 million year-over-yearCompany provides fiscal 2024 financial outlookHOUSTON, TX / ACCESSWIRE / February 26, 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 fourth quarter and full year 2023.Fourth Quarter HighlightsRevenue of $126.3 million increased 8% sequentially and 31% year-over-yearNet Bookings of $122.7 million increased $76.2 million sequentially and $24.4 million ye

HOUSTON, TX / ACCESSWIRE / February 21, 2024 / Dril-Quip, Inc. (NYSE:DRQ), (the "Company" or "Dril-Quip") announced today that it will release its fourth quarter and full year 2023 earnings results on February 26, 2024, 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 27, 2023, at 10:00 a.m. Eastern Daylight Time / 9:00 a.m. Central Daylight Time. The presentation is open to all interested parties and may include forward-looking information.To access the call, please dial in approximately ten minutes before the start of the call.Conference Call and Webcast DetailsDate / Time:Tuesday, February 27, 2

Third quarter revenue increased 31% sequentiallyCash from operations of $26.8 millionSuccessfully completed the acquisition of Great NorthHOUSTON, TX / ACCESSWIRE / October 26, 2023 / 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 third quarter of 2023.Third Quarter HighlightsRevenue of $117.2 million increased 31% sequentially and 33% year-over-yearNet Loss of $7.0 million decreased $10.5 million sequentially and $20.3 million year-over-yearAdjusted EBITDA of $12.4 million increased $

HOUSTON, TX / ACCESSWIRE / October 23, 2023 / Dril-Quip, Inc. (NYSE:DRQ), (the "Company" or "Dril-Quip") announced today that it will release its third quarter 2023 earnings results on October 26th, 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 October 27th, 2023, at 10:00 a.m. Eastern Daylight Time / 9:00 a.m. Central Daylight Time. The presentation is open to all interested parties and may include forward-looking information.To access the call, please dial in approximately ten minutes before the start of the call.Conference Call and Webcast DetailsDate / Time:Friday, October 27, 2023 - 10:00 a.m.

Second quarter bookings increase 47% over prior yearAnnounces acquisition of Great North to expand the Company's Well Construction portfolioHOUSTON, TX / ACCESSWIRE / July 31, 2023 / 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 second quarter of 2023.Second Quarter HighlightsRevenue of $89.6 million decreased 1% sequentially and 5% year-over-yearNet Bookings of $72.7 million increased 36% sequentially and 47% year-over-year, representing a book-to-bill ratio of 1.2xNet Income of $3.5

Acquisition of a leading provider of customized wellheads and mission-critical proprietary completion solutions, adding to Dril-Quip's Well Construction portfolioExpands Dril-Quip's addressable market in land-based wellheadsCost synergies through the combined best-cost regional supply chains of both companiesRevenue expansion as Dril-Quip leverages its footprint to service its clients with Great North's industry-leading productsPositions Dril-Quip to further service the emerging Carbon Capture, Utilization and Storage (CCUS) marketTransaction is expected to be immediately accretive to key financial metricsHOUSTON, TX / ACCESSWIRE / July 31, 2023 / Dril-Quip, Inc. (NYSE:DRQ), (the "Company" o

First quarter revenue increases 9% over prior yearCompany announces segment reporting changesAdditional progress made along footprint optimization initiativesHOUSTON, TX / ACCESSWIRE / May 8, 2023 / 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 first quarter of 2023.First Quarter HighlightsRevenue of $90.9 million decreased 6% sequentially and increased 9% year-over-yearNet Bookings of $53.5 million decreased 43% sequentially and 20% year-over-yearNet Income of $2.3 million increased

HOUSTON, TX / ACCESSWIRE / May 3, 2023 / Dril-Quip, Inc. (NYSE:DRQ), (the "Company" or "Dril-Quip") announced today that it will release its first quarter 2023 earnings results on May 8, 2023, after the close of the U.S. financial markets.The Company will also be participating in a fireside chat conversation with David Smith of Pickering Energy Partners on May 9, 2023, at 11:30 a.m. Eastern Daylight Time / 10:30 a.m. Central Daylight Time. The presentation is open to all interested parties and may include forward-looking information.Jeff Bird, Dril-Quip's President and Chief Executive Officer, and Kyle McClure, Dril-Quip's Vice President and Chief Financial Officer, will be discussing multip

Fourth quarter and full year revenue increase double digits year-over-yearSignificant progress made along operational excellence initiativesCompany provides fiscal 2023 financial outlook 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. Fourth Quarter Highlights Revenue of $96.8 million increased 10% sequentially and 24% year-over-yearNet Bookings of $93.8 million increased 52% sequentially and 18% year-ove

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. Conference Call and Webcast De

HOUSTON, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE:DRQ), (the "Company" or "Dril-Quip") today reported operational and financial results for the third quarter of 2022. Results for the third quarter of 2022 included: Revenue of $88.1 million for the third quarter of 2022, a decrease of $5.8 million from the second quarter of 2022 driven by unfavorable foreign exchange rate impacts, supply chain delays in downhole tools and reduced leasing revenues in subsea service;Net income of $15.2 million, or $0.45 earnings per share, an increase of $20.8 million, or $0.61 per share compared to the second quarter of 2022, due to the gain on sale of the Houston forge facility, lower incom

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). Jeff Bird, Dril-Quip's President and Chief Executive Officer, and Kyle McClure, Dril-Quip's Vice President and Chief Financial Officer, will be discussing multiple topics regarding the Company's recent financial performance, current operations, and busi

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). Jeff Bird, Dril-Quip's President and Chief Executive Officer, and Kyle McClure, Dril-Quip's Vice President and Chief Financial Officer, will be discussing multiple topics regarding the Company's recent financial perfo

HOUSTON, April 21, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE:DRQ), (the "Company" or "Dril-Quip") announced today that it will release its first quarter 2022 earnings press release following the market close on Thursday, April 28, 2022. The Company will also participate in a fireside chat webcast conversation with Senior Research Analyst Tom Curran of Seaport Research Partners on Friday, April 29, 2022 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). Jeff Bird, Dril-Quip's President and Chief Executive Officer, and Kyle McClure, Dril-Quip's Vice President and Chief Financial Officer, will be discussing multiple topics regarding the Company's recent financial performance, current

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). Participants may join the conference call by dialing 1-800-447-0521 (domestic) or 1-847-413-3238 (international). Participants should ask to be connected to the "Dril-Quip Year-end 2021 Conference Call" and provide the conference identificatio

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). Blake DeBerry, Dril-Quip's Chief Executive Officer, and Jeff Bird, Dril-Quip's President and Chief Operating Officer, will be discussing multiple topics regarding the Company's recent financial performance, current operations and business outlook with Mr. West. Ther

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). Blake DeBerry, Dril-Quip's Chief Executive Officer, and Raj Kumar, Dril-Quip's Vice President and Chief Financial Officer, will be discussing multiple topics regarding the Company's recent financial performance, current operations and business outlook with Mr