Dril-Quip (DRQ) Misses Q2 EPS by 28c, Revenues Beat
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Dril-Quip, Inc. Announces Second Quarter 2020 Results
July 30, 2020 5:13 PM EDTHOUSTON, July 30, 2020 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the Company or Dril-Quip) today reported operational and financial results for the second quarter of 2020. Â
Key highlights for the second quarter of 2020 included:
Generated $90.4 million of revenue on lower product volumes and leasing revenues, reflecting the continued impacts of the COVID-19 pandemic on global operations;Reported second quarter net loss of $14.1 million, or $0.40 per share, an improvement of $5.6 million, or $0.15 per share, from the first quarter of 2020;Recorded adjusted EBITDA of $6.0 million, or 6.7% of revenue;Improved... More