Dril-Quip (DRQ) Tops Q3 EPS by 45c

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Go back to Dril-Quip (DRQ) Tops Q3 EPS by 45c

Dril-Quip, Inc. Announces Third Quarter 2020 Results

October 29, 2020 4:45 PM EDT

HOUSTON, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the Company or Dril-Quip) today reported operational and financial results for the third quarter of 2020.  

Key highlights for the third quarter of 2020 included:

Delivered $91.3 million of revenue from increased product volumes, primarily driven by improved production output and product mix in Asia Pacific and the U.S.;Reported third quarter net income of $14.3 million, or $0.41 per share, an improvement of $28.5 million, or $0.81 per share, from the second quarter of 2020 primarily driven by federal income tax... More