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Stock impact report

Dril-Quip, Inc. Announces Third Quarter 2018 Results

Dril-Quip, Inc. (DRQ) 
Last dril-quip, inc. earnings: 2/27 05:36 pm Check Earnings Report
Company Research Source: GlobeNewswire
Generated $93.3 million of revenue, above the high end of guidance range of $80 - $90 millionReported a net loss of $10.4 million, or $0.28 loss per diluted share, including restructuring costs of $3.7 millionIncurred an adjusted net loss of $7.4 million excluding restructuring costs, or $0.20 loss per diluted shareGenerated net cash provided by operating activities of $9.1 millionReported cash on hand of $424.1 million as of September 30, 2018Completed $100 million share repurchase program in October 2018 Maintained clean balance sheet with no debt as of September 30, 2018Progressed Sea Lion Phase 1 to frame agreementAchieved $13.5 million of targeted $40 - $50 million of annualized cost reductions HOUSTON, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) today reported operational and financial results for the third quarter of 2018. Blake DeBerry, Dril-Quip's President and Chief Executive Officer, commented, "In the third quarter, Dril-Quip generated positive Adjust Show less Read more
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