Dril-Quip (DRQ) & Innovex Forge Industry-Leading Merger [Yahoo! Finance]
Dril-Quip, Inc. (DRQ)
Last dril-quip, inc. earnings: 2/27 05:36 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=100535&p=irol-irhome
Company Research
Source: Yahoo! Finance
The all-stock transaction, disclosed in a recent press release, positions the combined entity as a frontrunner in innovation, boasting an expanded scale, diverse product portfolio and an extensive geographic footprint. Dril-Quip, renowned for its expertise in developing, manufacturing and providing highly engineered equipment and services for the global offshore and onshore oil and gas sector, will join forces with Innovex, a global leader in providing mission-critical technologies and services across the entire well lifecycle. The merger is anticipated to yield a resilient earnings profile capable of driving value even through industry cycles. Upon completion, Dril-Quip shareholders are expected to hold approximately 52% ownership of the combined company, with Innovex shareholders owning the remaining 48% on a fully diluted basis. One of the key highlights of the merger is the pro forma year-end 2023 net cash position of $99 million, offering a robust financial foundation for t
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DRQ
News
- Why Is DrilQuip (DRQ) Down 2.2% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates DRQ, FUSN, LABP, FXNCGlobeNewswire
- Dril-Quip Makes Fantastic Move By Merging With Innovex Downhole Solutions [Seeking Alpha]Seeking Alpha
- DRIL-QUIP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Dril-Quip, Inc. - DRQBusiness Wire
- SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates FUSN, DRQ, KAMN, TASTGlobeNewswire
DRQ
Earnings
- 2/26/24 - Miss
DRQ
Sec Filings
- 4/23/24 - Form SD
- 4/22/24 - Form DEFA14A
- 4/16/24 - Form 425
- DRQ's page on the SEC website