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 2022 Results

October 27, 2022 4:10 PM EDT

HOUSTON, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the Company or Dril-Quip) today reported operational and financial results for the third quarter of 2022.

Results for the third quarter of 2022 included:

Revenue of $88.1 million for the third quarter of 2022, a decrease of $5.8 million from the second quarter of 2022 driven by unfavorable foreign exchange rate impacts, supply chain delays in downhole tools and reduced leasing revenues in subsea service;Net income of $15.2 million, or $0.45 earnings per... More