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Stock impact report

Dril-Quip, Inc. Announces Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

Dril-Quip, Inc. (DRQ) 
Last dril-quip, inc. earnings: 2/27 05:36 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Company provides fiscal 2024 financial outlook HOUSTON, TX / ACCESSWIRE / February 26, 2024 / Dril-Quip, Inc. (NYSE:DRQ), (the "Company" or "Dril-Quip"), a developer, manufacturer and provider of highly engineered equipment, service, and innovative technologies for use in the energy industry, today reported operational and financial results for the fourth quarter and full year 2023. Fourth Quarter Highlights Revenue of $126.3 million increased 8% sequentially and 31% year-over-year Net Bookings of $122.7 million increased $76.2 million sequentially and $24.4 million year-over-year Net Income of $1.8 million increased $8.9 million sequentially and $2.1 million year-over-year Adjusted EBITDA of $16.5 million increased 34% sequentially and 61% year-over-year Gross Margin of 27.4% improved 44 basis points sequentially and decreased 381 basis points year-over-year Cash Provided by Operations of $26.1 million increased $2.9 million sequentially and $43.7 million year-over-y Show less Read more
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