Dril-Quip (DRQ) Misses Q1 EPS by 11c

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Go back to Dril-Quip (DRQ) Misses Q1 EPS by 11c

Dril-Quip, Inc. Announces First Quarter 2022 Results

April 28, 2022 4:30 PM EDT

HOUSTON, April 28, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the Company or Dril-Quip) today reported operational and financial results for the first quarter of 2022.

Results for the first quarter of 2022 included:

Revenue of $83.1 million for the first quarter of 2022, an increase of $5.2 million from the fourth quarter of 2021 on higher subsea products revenue;Booked $66.5 million of new orders during the first quarter of 2022, including approximately $17 million in product and service orders for projects in Brazil;Reported a net loss of $8.9 million, or a $0.26 loss per... More