Dril-Quip Makes Fantastic Move By Merging With Innovex Downhole Solutions [Seeking Alpha]
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
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Source: Seeking Alpha
Both companies have shown growth in revenue and improved profitability over the past few years. Despite the positive aspects of the merger, the high valuation of Dril-Quip shares and the historical instability of profits and cash flows make it a mediocre investment opportunity. Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More » March 18 ended up being a very interesting day for shareholders of Dril-Quip NYSE: DRQ ). After the market closed, news broke that it would be merging in an all-stock transaction with Innovex Downhole Solutions INVX ) in a move aimed at creating significant synergies and, ideally, boosting shareholder value. Fundamentally speaking, I would argue that this transaction makes a great deal of sense. Even if synergies are not achieved, it looks to me as though Dril-Quip is winning from this maneuver. However, this doesn't necessarily make the company a great prospect
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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 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
- Dril-Quip (DRQ) & Innovex Forge Industry-Leading Merger [Yahoo! Finance]Yahoo! Finance
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