Dril-Quip (DRQ) Misses Q1 EPS
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Dril-Quip, Inc. Announces First Quarter 2020 Results
May 6, 2020 4:43 PM EDTHOUSTON, May 06, 2020 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the Company or Dril-Quip) today reported operational and financial results for the first quarter of 2020.
Key highlights for the first quarter of 2020 included:
Delivered $96.0 million of revenue, despite lower product volumes and services primarily from COVID-19 related impacts;Reported a net loss of $19.7 million, or a $0.55 loss per share, driven by $40.4 million of impairments, restructuring and other charges, partially offset by a $21.6 million income tax... More