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Dril-Quip (DRQ)

Dril-Quip (DRQ)
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Dril-Quip Inc. manufactures highly engineered offshore drilling and production equipment for deep-water severe-service applications and harsh environmental conditions. It designs and manufactures subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors, and associated pipe, drilling and production riser systems, wellhead connectors and diverters, which are used on offshore rig equipment. Its products are used by major integrated, large independent and foreign national oil and gas companies in offshore areas throughout the world. Dril-Quip also provides installation and reconditioning services and rents tools for use in the installation and retrieval of its products. It markets its products through its offices and representatives world wide. The company operates in three segments: Western Hemisphere (North & South America), Eastern Hemisphere (Africa and Europe) and Asia Pacific (Pacific Rim, Southeast Asia, the Middle East, India & Australia).
(Values in U.S. Thousands) Jun, 2024 Mar, 2024 Dec, 2023 Sep, 2023 Jun, 2023
Sales 120,340 110,300 126,340 117,240 89,610
Sales Growth +9.10% -12.70% +7.76% +30.83% -1.39%
Net Income -1,810 -19,980 1,840 -7,030 3,480
Net Income Growth +90.94% -1,185.87% +126.17% -302.01% +50.65%
(Values in U.S. Thousands) Jun, 2024 Mar, 2024 Dec, 2023 Sep, 2023 Jun, 2023
Total Assets 1,008,160 1,021,030 1,028,180 1,007,570 979,670
Total Assets Growth -1.26% -0.70% +2.05% +2.85% +0.44%
Total Liabilities 155,630 163,660 146,920 137,110 100,260
Total Liabilities Growth -4.91% +11.39% +7.15% +36.75% +5.51%
(Values in U.S. Thousands) Jun, 2024 Mar, 2024 Dec, 2023 Sep, 2023 Jun, 2023
Operating Cash Flow -13,410 -4,100 7,730 -18,400 -41,640
Operating Cash Flow Growth -227.07% -153.04% +142.01% +55.81% +21.32%
Net Cash Flow -2,180 10,900 -73,400 -83,730 -28,310
Change in Net Cash Flow -120.00% +114.85% +12.34% -195.76% +3.90%
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