Last $91.47 USD
Change Today -1.23 / -1.33%
Volume 307.7K
DRQ On Other Exchanges
Symbol
Exchange
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As of 6:40 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

dril-quip inc (DRQ) Snapshot

Open
$92.67
Previous Close
$92.70
Day High
$93.46
Day Low
$91.35
52 Week High
10/22/13 - $121.07
52 Week Low
09/17/14 - $91.35
Market Cap
3.7B
Average Volume 10 Days
368.9K
EPS TTM
$4.44
Shares Outstanding
40.0M
EX-Date
--
P/E TM
20.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for DRIL-QUIP INC (DRQ)

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dril-quip inc (DRQ) Details

Dril-Quip, Inc. designs, manufactures, sells, and services engineered offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company operates through three segments: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific. Its principal products comprise subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors, and diverters. The company also provides technical advisory and rework and reconditioning services, as well as rental of running tools for use in the installation and retrieval of its products. Its products are used for drilling and production of oil and gas wells on offshore platforms; tension leg platforms, which are floating production platforms connected to the ocean floor via vertical mooring tethers; Spars, a floating cylindrical structure; and floating production, storage, and offloading monohull moored vessels, as well as to explore for oil and gas from offshore drilling rigs, such as floating rigs and jack-up rigs. The company sells its products directly through its sales personnel, independent sales agents, and representatives to primarily integrated, independent, and foreign national oil and gas companies, as well as offshore drilling contractors, and engineering and construction companies. Dril-Quip, Inc. was founded in 1981 and is headquartered in Houston, Texas.

2,637 Employees
Last Reported Date: 02/28/14
Founded in 1981

dril-quip inc (DRQ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $634.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $367.7K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $579.4K
Vice President, General Counsel and Secretary
Total Annual Compensation: $327.7K
Compensation as of Fiscal Year 2013.

dril-quip inc (DRQ) Key Developments

Dril-Quip, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter Ending September 30, 2014 and Full Year of 2014

Dril-Quip, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenues were $230.3 million against $222.0 million last year. Operating income was $69 million against $56.2 million last year. Income before income taxes was $69.2 million against $56.4 million last year. Net income was $51.3 million or $1.27 per diluted share against $42.9 million or $1.05 per diluted share last year. Capital expenditures were $10 million against $11.0 million last year. The second quarter of 2014 results were unfavorably impacted by an after-tax foreign exchange loss of $1.5 million, or $0.04 per diluted share, as compared to an after-tax foreign exchange loss of $700,000, or $0.02 per diluted share during the second quarter of 2013. For the six months, revenues were $434.4 million against $415.2 million last year. Operating income was $127.5 million against $108.4 million last year. Income before income taxes was $127.9 million against $108.7 million last year. Net income was $93.9 million or $2.31 per diluted share against $82.8 million or $2.03 per diluted share last year. Capital expenditures were $23.2 million against $23.1 million last year. The results for the first six months of 2014 were also negatively impacted by an after-tax foreign exchange loss of $2.2 million, or $0.05 per diluted share, as compared to an after-tax foreign exchange gain of $3.5 million, or $0.09 per diluted share during the first half of 2013. Based upon current market conditions and excluding foreign currency gains/losses or any unusual items, the company expects its earnings per diluted share for the third quarter ending September 30, 2014 to approximate $1.20 to $1.30. The company also announced that it currently expects its full year of 2014 earnings per diluted share to be in the range of $4.70 to $4.90, excluding foreign currency gains/losses or any unusual items.

Dril-Quip, Inc. Announces the Auditor Changes

On May 28, 2014, the audit committee of Dril-Quip, Inc. dismissed BDO USA, LLP as the company’s independent registered public accounting firm. On May 28, 2014, the audit committee appointed PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2014.

Dril-Quip, Inc. Approves the Amendment to the Restated Certificate of Incorporation to Increase the Number of Shares of Common Stock

Dril-Quip, Inc. announced that its shareholders approved the amendment to the restated certificate of incorporation to increase the number of shares of common stock.

 

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DRQ

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Valuation DRQ Industry Range
Price/Earnings 20.9x
Price/Sales 4.2x
Price/Book 2.9x
Price/Cash Flow 20.5x
TEV/Sales 3.8x
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