Dril-Quip (DRQ) Tops Q3 EPS by 6c
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Dril-Quip, Inc. Announces Results for Third Quarter 2017
October 27, 2017 6:00 AM EDTHOUSTON, Oct. 27, 2017 /PRNewswire/ --Â Dril-Quip, Inc. (NYSE: DRQ) today reported operational and financial results for the third quarter of 2017.
Blake DeBerry, Dril-Quip's President and Chief Executive Officer, commented, "Despite the fact our markets remained challenging, in the third quarter we generated Adjusted EBITDA of $13.7 million and Free Cash Flow of $29.4 million. This increased our already significant cash position to $473 million at September 30, 2017. This cash balance, coupled with our debt-free balance sheet, positions us to continue to execute our long-term, forward focused strategy. Looking ahead, we believe oil prices and the... More
