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Last $68.94 USD
Change Today +1.33 / 1.97%
Volume 705.0K
DRQ On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

dril-quip inc (DRQ) Snapshot

Open
$66.71
Previous Close
$67.61
Day High
$69.27
Day Low
$65.14
52 Week High
09/2/14 - $102.00
52 Week Low
08/24/15 - $53.37
Market Cap
2.7B
Average Volume 10 Days
615.8K
EPS TTM
$5.29
Shares Outstanding
38.7M
EX-Date
--
P/E TM
13.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for DRIL-QUIP INC (DRQ)

dril-quip inc (DRQ) Related Businessweek News

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dril-quip inc (DRQ) Details

Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company operates through three segments: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific. Its principal products comprise subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors, and diverters. The company also provides technical advisory services, and rework and reconditioning services, as well as rental of running tools for use in the installation and retrieval of its products. Its products are used for drilling and production of oil and gas wells on offshore platforms; tension leg platforms, which are floating production platforms connected to the ocean floor via vertical mooring tethers; Spars, a floating cylindrical structure; and floating production, storage, and offloading monohull moored vessels, as well as to explore for oil and gas from offshore drilling rigs, such as floating rigs and jack-up rigs. The company sells its products directly through its sales personnel, independent sales agents, and representatives to integrated, independent, and foreign national oil and gas companies, as well as offshore drilling contractors, and engineering and construction companies. Dril-Quip, Inc. was founded in 1981 and is headquartered in Houston, Texas.

2,720 Employees
Last Reported Date: 02/27/15
Founded in 1981

dril-quip inc (DRQ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $659.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $382.7K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $604.5K
Vice President, General Counsel and Secretary
Total Annual Compensation: $342.7K
Compensation as of Fiscal Year 2014.

dril-quip inc (DRQ) Key Developments

Dril-Quip, Inc. Appoints Steven L. Newman to its Board of Directors

Dril-Quip, Inc. announced that Steven L. Newman has been appointed to its Board of Directors upon the recommendation of its Nominating and Governance Committee. Mr. Newman, 50, was President and Chief Executive Officer and a member of the Board of Directors of Transocean Ltd. from March 2010 until February 2015.

Dril-Quip, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Full-Year 2015

Dril-Quip, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $215.276 million against $230.315 million a year ago. Operating income was $52.579 million against $68.954 million a year ago. Income before income taxes was $52.741 million against $69.215 million a year ago. Net income was $39.213 million against $51.324 million a year ago. Diluted earnings per share was $1.01 against $1.27 a year ago. Capital expenditures was $5.048 million against $9.998 million a year ago. The second quarter 2015 results were unfavorably impacted by an after-tax foreign exchange loss of $8.8 million, or $0.23 per diluted share, as compared to an after-tax foreign exchange loss of $1.5 million, or $0.04 per diluted share, during the second quarter of 2014. For the six months, the company reported revenues of $441,278 million against $434,388 million a year ago. Operating income was $124.272 million against $127.521 million a year ago. Income before income taxes was $124.480 million against $127.858 million a year ago. Net income was $92.877 million against $93.942 million a year ago. Diluted earnings per share was $2.39 against $2.31 a year ago. Capital expenditures was $11.204 million against $23.218 million a year ago. The results for the first six months of 2015 were also negatively impacted by an after-tax foreign exchange loss of $4.0 million, or $0.10 per diluted share, as compared to an after-tax foreign exchange loss of $2.2 million, or $0.05 per diluted share, during the first half of 2014. The company also reaffirmed that it currently expects its full-year 2015 earnings per diluted share to be in the range of $4.60 to $4.80, excluding foreign currency gains/losses or any unusual items.

Dril-Quip, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

Dril-Quip, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $226,002,000 compared to $204,073,000 a year ago. Operating income was $71,693,000 compared to $58,567,000 a year ago. Income before income taxes was $71,739,000 compared to $58,643,000 a year ago. Net income was $53,664,000 compared to $42,618,000 a year ago. Diluted earnings per share were $1.38 compared to $1.04 a year ago. Capital expenditures were $6,156,000 compared to $13,220,000 a year ago. The company expects its earnings per diluted share for the second quarter of 2015 to approximate $1.15 to $1.25 and its earnings per diluted share for the full year to approximate $4.60 to $4.80, excluding any unusual items and foreign currency gains and losses.

 

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