2017 Press Releases

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10/27/17Dril-Quip, Inc. Announces Results for Third Quarter 2017
- Generated $100 million of revenue, consistent with general guidance - Increased gross margin percentage to 37.1%, up 550 bps sequentially, partially driven by the ongoing cost savings initiatives - Reported a Net Loss of $29.3 million, or $0.78 loss per diluted share, including an after tax $31 million impact from one-time charges, foreign currency and tax benefits - Adjusted diluted earnings per share, excluding after tax one-time charges, foreign currency and tax benefits, was $0.05... 
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09/06/17Dril-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 ... 
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07/28/17Dril-Quip, Inc. Announces Results for Second Quarter 2017
- Revenue of $128 million, up 7% sequentially - Diluted EPS, including charges and foreign currency loss, was $0.00 per share - Adjusted diluted EPS, excluding charges and foreign currency loss, was $0.09 per share - Net Cash Provided by Operating Activities of $27.2 million - Free Cash Flow of $19.1 million, June 30, 2017 cash on hand of $437 million - Debt-free balance sheet at June 30, 2017 HOUSTON, July 28, 2017 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today reported res... 
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06/22/17Dril-Quip, Inc. To Present At J.P. Morgan Energy Equity Conference
HOUSTON, June 22, 2017 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced that Jerry M. Brooks, Vice President of Investor Relations, will deliver a presentation at the J.P. Morgan 2017 Energy Equity Conference at the Grand Hyatt New York on Monday, June 26, 2017.  His remarks are scheduled to begin at 10:40 a.m. EDT. The presentation slides will be available beginning at the time of the presentation on the Company's website at www.dril-quip.com. Dril-Quip is a leading manufacture... 
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05/02/17Dril-Quip Wins Two Spotlight On New Technology Awards For Wellhead System And Connector
HOUSTON, May 2, 2017 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) was presented with two Spotlight on New Technology Awards at the 2017 Offshore Technology Conference (OTC) in Houston on May 1, 2017 for its BigBore-IIeTM Wellhead System and its DXeTM Wellhead Connector. The Spotlight on New Technology Awards showcase new and advanced technologies that are leading the industry into the future. The BigBore-IIe Wellhead System includes an integral 2 million pound high-capacity casing hanger lock... 
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04/27/17Dril-Quip, Inc. Announces Results For First Quarter 2017
HOUSTON, April 27, 2017 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced net income of $94.0 thousand, or $0.00 per diluted share, for the three months ended March 31, 2017, versus net income of $36.8 million, or $0.97 per diluted share, for the first quarter of 2016. The first quarter 2017 results were negatively impacted by after-tax severance payments in the amount of $1.3 million, or $0.03 per diluted share, and a net loss from operations of TIW Corporation of $0.9 million, or $0.... 
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03/23/17Dril-Quip, Inc. To Present At Scotia Howard Weil Energy Conference
HOUSTON, March 23, 2017 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced that Blake T. DeBerry, President and Chief Executive Officer and Jerry M. Brooks, Vice President of Investor Relations, will deliver a presentation at the 45th Annual Scotia Howard Weil Energy Conference at The Roosevelt New Orleans Hotel on Monday, March 27, 2017.  Their remarks are scheduled to begin at 4:25 p.m. CDT. The presentation slides will be available beginning at the time of the presentation on the ... 
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03/09/17Dril-Quip Announces Appointment Of Jeffrey Bird As Vice President And Chief Financial Officer
HOUSTON, March 9, 2017 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced that it has appointed Jeffrey J. Bird as Vice President and Chief Financial Officer, effective March 13, 2017. Mr. Bird will succeed Jerry M. Brooks, who has accepted the newly created position of Vice President of Investor Relations, effective March 13, 2017.   Mr. Bird, age 50, served as Executive Vice President and Chief Financial Officer of Frank's International, a provider of engineered tubular services t... 
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02/28/17Dril-Quip, Inc. Announces Results For 4th Quarter & Year End 2016
HOUSTON, Feb. 28, 2017 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced net income of $1.3 million, or $0.03 per diluted share, for the three months ended December 31, 2016, versus net income of $48.4 million, or $1.28 per diluted share, for the fourth quarter of 2015.  The fourth quarter 2016 results were favorably impacted by an after-tax foreign exchange gain of $2.9 million, or $0.08 per diluted share. In addition, the fourth quarter 2016 results were negatively impacted by the fo... 
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01/06/17Dril-Quip Acquires The Technologies Alliance, Inc. d/b/a OilPatch Technologies
HOUSTON, Jan. 6, 2017 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) announced today that it has acquired The Technologies Alliance, Inc. d/b/a OilPatch Technologies (OPT) for approximately $20 million funded with cash on hand, subject to closing adjustments.  Founded in 1990 and based in Houston, Texas, OPT is a provider of offshore riser systems and components, proprietary threaded connections and other products, with a focus on deepwater Spar and TLP Systems.     Blake DeBerry, President and ... 
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