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Dril-Quip Updates On Impact Of Hurricane Harvey

HOUSTON, Sept. 6, 2017 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced the resumption of normal operations at its Houston locations as of Tuesday, September 5, 2017.  Despite devastating floods in the Houston area resulting from Hurricane Harvey, the Company's offices and manufacturing facilities sustained no material damage.     

Blake DeBerry, Dril-Quip's President and Chief Executive Officer, stated, "We extend our deepest sympathies to those affected by Hurricane Harvey as we focus on the wellbeing of our employees and work to minimize any impact on our customers.  While there may be some changes in delivery schedules in the short term, our previous revenue guidance for the second half of 2017 remains unchanged."

About Dril-Quip

Dril-Quip is a leading manufacturer of highly engineered drilling and production equipment for use onshore and offshore, but which is particularly well suited for use in deepwater, harsh environment and severe service applications.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the impact of Hurricane Harvey on our manufacturing operations, the impact on our customers, the timing of delivery schedules and anticipated revenues.  Forward-looking statements are based upon certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments and other factors. These statements are subject to risks beyond the Company's control, including, but not limited to, the volatility of oil and natural gas prices and cyclicality of the oil and gas industry, decisions made by the Company's customers and suppliers, operating risks, and other factors detailed in the Company's public filings with the Securities and Exchange Commission.  Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual outcomes may vary materially from those indicated.


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SOURCE Dril-Quip, Inc.

Jerry M. Brooks, Vice President of Investor Relations (713) 939-7711

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