Last $74.29 USD
Change Today +0.91 / 1.24%
Volume 301.2K
DRQ On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

dril-quip inc (DRQ) Snapshot

Open
$73.57
Previous Close
$73.38
Day High
$74.79
Day Low
$72.26
52 Week High
04/3/14 - $116.53
52 Week Low
12/16/14 - $69.38
Market Cap
2.9B
Average Volume 10 Days
697.9K
EPS TTM
$4.86
Shares Outstanding
39.5M
EX-Date
--
P/E TM
15.3x
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. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-03-2014 11:30 AM

Dril-Quip, Inc. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-03-2014 11:30 AM. Venue: The New York Hilton Midtown, New York, New York, United States. Speakers: Jerry M. Brooks, Chief Financial Officer, Principal Accounting Officer and Vice President of Finance.

Dril-Quip, Inc. Presents at Bank of America 2014 Global Energy Conference, Nov-13-2014 01:20 PM

Dril-Quip, Inc. Presents at Bank of America 2014 Global Energy Conference, Nov-13-2014 01:20 PM. Venue: The Fontainebleau Miami Beach, 4441 Collins Ave, Miami, Florida, United States. Speakers: Jerry M. Brooks, Chief Financial Officer, Principal Accounting Officer and Vice President of Finance.

Dril-Quip, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014 and Revises Earnings Guidance for the Year 2014

Dril-Quip, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $55.7 million, or $1.40 per diluted share versus net income of $40.0 million, or $0.98 per diluted share, for the third quarter of 2013. Total revenues were $241.7 million compared to $224.7 million for the same period in 2013. The third quarter 2014 results were favorably impacted by an after-tax foreign exchange gain of $3.1 million, or $0.08 per diluted share, as compared to an after-tax foreign exchange loss of $5.8 million, or $0.14 per diluted share, during the third quarter of 2013. The company reported operating income of $73.0 million compared to $52.0 million, income before income taxes of $73.2 million compared to $52.2 million and capital expenditures of $7.9 million compared to $6.9 million for the last year. For the nine months, the company reported net income of $149.6 million, or $3.70 per diluted share, compared with net income of $122.8 million, or $3.01 per diluted share, for the same period in 2013. Total revenues rose to $676.1 million from $639.9 million during the same period in 2013. The results for the first nine months of 2014 were favorably impacted by an after-tax foreign exchange gain of $800,000, or $0.02 per diluted share, as compared to an after-tax foreign exchange loss of $2.2 million, or $0.05 per diluted share during the first three quarters of 2013. The company reported operating income of $200.5 million compared to $160.4 million, income before income taxes of $201.1 million compared to $160.8 million and capital expenditures of $31.2 million compared to $30.0 million for the last year. For the fourth quarter, the company is expecting EPS of $1.25 to $1.35 compared to analysts' $1.38 estimate. The company announced that it currently expects its full-year 2014 earnings per diluted share to be in the range of $4.95 to $5.05, excluding foreign currency gains/losses or any unusual items, up from previous guidance of $4.70 to $4.90 per diluted share.

 

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