Dril-Quip (DRQ) Misses Q2 EPS by 8c

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Go back to Dril-Quip (DRQ) Misses Q2 EPS by 8c

Dril-Quip, Inc. Announces Second Quarter 2022 Results

July 28, 2022 4:15 PM EDT

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

Results for the second quarter of 2022 included:

Revenue of $94.0 million for the second quarter of 2022, an increase of $10.8 million from the first quarter of 2022 driven by higher subsea equipment and downhole products and services revenue;A net loss of $5.6 million, or a $0.16 loss per share, an improvement of $3.4 million, or $0.10 per share compared to the first... More