Dril-Quip (DRQ) Misses Q4 EPS by $1.39
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Dril-Quip, Inc. Announces Fourth Quarter and Full Year 2021 Results
February 23, 2022 4:30 PM ESTHOUSTON, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the Company or Dril-Quip) today reported operational and financial results for the fourth quarter and full year 2021.
Key highlights include:
Delivered fourth quarter revenue of $77.9 million and full year 2021 revenue of $322.9 million;Recorded a net loss of $128.0 million, or $3.62 per share, for the full year 2021, driven primarily by restructuring costs of $78.9 related to the exiting certain markets and vendor outsourcing associated write-downs;Adjusted net loss of... More