Last $104.04 USD
Change Today -1.57 / -1.49%
Volume 212.6K
DRQ On Other Exchanges
New York
As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

dril-quip inc (DRQ) Snapshot

Previous Close
Day High
Day Low
52 Week High
10/22/13 - $121.07
52 Week Low
07/30/13 - $89.97
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for DRIL-QUIP INC (DRQ)

dril-quip inc (DRQ) Related Businessweek News

No Related Businessweek News Found

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. 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.

Dril-Quip, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter Ending June 30, 2014; Revised Earnings Guidance for the Year 2014

Dril-Quip, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. Net income was $42.6 million, or $1.04 per diluted share against net income of $39.8 million, or $0.98 per diluted share for the first quarter of 2013. Total revenues were $204.1 million compared to $193.2 million for the same period in 2013. Operating income was $58.56 million against $52.17 million a year ago. Income before income tax was $58.64 million against $52.27 million a year ago. Capital expenditure was $13.22 million against $12.07 million a year ago. The first quarter 2014 results were unfavorably impacted by the Company's inability to recognize approximately $10 million of revenue related to items of equipment that were completed but not accepted for delivery by one of its major customers. The company expects EPS for the second quarter ending June 30, 2014 to be about $1.05 to $1.15. The company also announced that, due primarily to uncertainties surrounding the customer acceptance issues described above, its full-year 2014 earnings guidance is being reduced from a range of $5.00 to $5.20, to a range of $4.70 to $4.90, excluding any unusual or special charges.


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DRQ:US $104.04 USD -1.57

DRQ Competitors

Market data is delayed at least 15 minutes.

Company Last Change
CIRCOR International Inc $76.03 USD -0.14
Frank's International NV $23.14 USD -0.33
Graco Inc $76.30 USD -0.60
Helix Energy Solutions Group Inc $24.15 USD -0.53
Nordson Corp $77.06 USD -0.04
View Industry Companies

Industry Analysis


Industry Average

Valuation DRQ Industry Range
Price/Earnings 24.7x
Price/Sales 4.8x
Price/Book 3.3x
Price/Cash Flow 24.6x
TEV/Sales 4.3x

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DRIL-QUIP INC, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at