Dril-Quip

Manufacturing & Industrial drilling equipment extraction oil & gas

Dril-Quip, Inc. is one of the world's leading manufacturers of precision-engineered offshore drilling and production equipment that is well suited for use in deepwater, harsh environments and severe service applications. The Company designs and manufactures subsea, surface and offshore rig equipment for use by oil and gas companies in offshore areas throughout the world. Dril-Quip also provides installation and reconditioning services, as well as rental running tools for use with its products.

Revenue(Q1, 2017)

$119.2 M

Market capitalization(2017-08-17)

$1.4 B

Company Growth (employees)

Type

Public

Houston, US

Founded

1981

Size (employees)

2,355 (est)

Website

dril-quip.com

Dril-Quip was founded in 1981 and is headquartered in Houston, US

Dril-Quip Office Locations

Dril-Quip has an office in Houston

Houston, US (HQ)

6401 N Eldridge Pkwy

Dril-Quip Data and Metrics

Dril-Quip Financial Metrics

Dril-Quip's revenue was reported to be $119.2 m in Q1, 2017

Summary

USD

Dril-Quip's current market capitalization is $1.4 b.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	872.4 m	931 m	844.3 m	538.7 m
Revenue growth, %		7%	(9%)	(36%)
Cost of goods sold	513.9 m	513.5 m	459.3 m	328.4 m
Gross profit	358.5 m	417.4 m	385 m	210.3 m
Gross profit Margin, %	41%	45%	46%	39%
General and administrative expense				53.1 m
Operating expense total	134.9 m	138.7 m	136.2 m	425.9 m
EBIT	223.5 m	278.7 m	248.8 m	112.9 m
EBIT margin, %	26%	30%	29%	21%
Interest expense	(35 k)	(35 k)	(12 k)	(28 k)
Interest income	587 k	667 k	948 k	3 m
Pre tax profit	224.1 m	279.4 m	249.8 m	115.9 m
Income tax expense	54.3 m	70.7 m	57.8 m	22.6 m
Net Income	169.8 m	208.7 m	192 m	93.2 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	230.3 m	241.8 m	226 m	215.3 m	201.4 m	166.6 m	142.4 m	123.6 m	119.2 m
Cost of goods sold	125 m	135.3 m	125.1 m	117.7 m	108.1 m	93.1 m	79.9 m	77.6 m	82.4 m
Gross profit	105.3 m	106.5 m	100.9 m	97.6 m	93.3 m	73.5 m	62.6 m	46 m	36.8 m
Gross profit Margin, %	46%	44%	45%	45%	46%	44%	44%	37%	31%
General and administrative expense	25.5 m	20.8 m	17 m	33.6 m	17.3 m	13.2 m	5.8 m	12.5 m	25.8 m
Operating expense total	25.5 m	20.8 m	17 m	33.6 m	17.3 m	13.2 m	5.8 m	12.5 m	25.8 m
EBIT	69 m	73 m	71.7 m	52.6 m	64.3 m	49.3 m	45.2 m	22.9 m	(870 k)
EBIT margin, %	30%	30%	32%	24%	32%	30%	32%	19%	(1%)
Interest expense	(5 k)	(3 k)	(3 k)	(3 k)	(4 k)	(4 k)	(10 k)	(1 k)	(15 k)
Interest income	266 k	206 k	49 k	165 k	345 k	482 k	541 k	945 k	937 k
Pre tax profit	69.2 m	73.2 m	71.7 m	52.7 m	64.6 m	49.8 m	45.7 m	23.9 m	52 k
Income tax expense	17.9 m	17.5 m	18.1 m	13.5 m	13.8 m	13.1 m	9.6 m	4.9 m	(42 k)
Net Income	51.3 m	55.7 m	53.7 m	39.2 m	50.8 m	36.8 m	36.1 m	19 m	94 k

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	384.4 m	298.7 m	381.3 m	423.5 m
Accounts Receivable	279.3 m	374 m	319.8 m	213.5 m
Inventories				355.4 m
Current Assets	1.1 b	1.1 b	1.1 b	1.1 b
PP&E	304.8 m	309.5 m	294.3 m	323.1 m
Goodwill				34.4 m
Total Assets	1.4 b	1.4 b	1.4 b	1.5 b
Accounts Payable	38.8 m	53.8 m	30.9 m	36.1 m
Current Liabilities	142.8 m	198.6 m	100.8 m	101.5 m
Total Liabilities				105 m
Additional Paid-in Capital	192 m	16.5 m	16.5 m	5.5 m
Retained Earnings	1.1 b	1.3 b	1.4 b	1.5 b
Total Equity	1.2 b	1.2 b	1.3 b	1.4 b
Financial Leverage	1.1 x	1.2 x	1.1 x	1.1 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	342.6 m	315 m	374.1 m	382.7 m	397 m	423.4 m	491.7 m	542.6 m	414.2 m
Accounts Receivable	316.9 m	331.6 m	299.3 m	299.4 m	298.4 m	328.1 m	251.1 m	221.6 m	208.5 m
Inventories	408.1 m	407.9 m	386.6 m	383.8 m	365.7 m	343.1 m	339.9 m	351.1 m	346.7 m
Current Assets	1.1 b	1.1 b	1.1 b	1.1 b	1.1 b	1.2 b	1.1 b	1.2 b	1 b
PP&E	316.3 m	310.3 m	300.9 m	301.6 m	292.6 m	294.9 m	293.9 m	290.1 m	320 m
Goodwill									46.5 m
Total Assets	1.4 b	1.4 b	1.4 b	1.4 b	1.4 b	1.5 b	1.4 b	1.5 b	1.5 b
Accounts Payable	55 m	48.1 m	59.7 m	39.5 m	44.7 m	33.5 m	20.3 m	23.7 m	25.7 m
Current Liabilities	169.4 m	169.4 m	161.4 m	126.7 m	118.1 m	104.9 m	86.5 m	86.8 m	83.2 m
Additional Paid-in Capital	109.2 m	62.5 m	20.2 m	4.9 m	16.5 m	3.3 m		3.6 m	9.1 m
Retained Earnings	1.2 b	1.2 b	1.3 b	1.4 b	1.4 b	1.5 b	1.5 b	1.5 b	1.5 b
Total Equity	1.3 b	1.3 b	1.3 b	1.3 b	1.3 b	1.4 b	1.4 b	1.4 b	1.4 b
Financial Leverage	1.1 x	1.1 x	1.1 x	1.1 x	1.1 x	1.1 x	1.1 x	1.1 x	1.1 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	169.8 m	208.7 m	192 m	93.2 m
Depreciation and Amortization	29.3 m	31.2 m	30.5 m	31.9 m
Accounts Receivable	(17 m)	(100 m)	36.7 m	106.5 m
Accounts Payable	(8.6 m)	54.2 m	(89.4 m)	(11.4 m)
Cash From Operating Activities	162.2 m	149.3 m	190.2 m	246.5 m
Cash From Investing Activities	(41.9 m)	(41.6 m)	(26.7 m)	(157.8 m)
Cash From Financing Activities	3.4 m	(186.8 m)	(73.6 m)	(21.9 m)

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	51.3 m	55.7 m	53.7 m	39.2 m	50.8 m	36.8 m	36.1 m	19 m	94 k
Accounts Receivable	316.9 m	331.6 m	299.3 m	299.4 m	298.4 m	328.1 m	251.1 m	221.6 m	208.5 m
Accounts Payable	55 m	48.1 m	59.7 m	39.5 m	44.7 m	33.5 m	20.3 m	23.7 m	25.7 m

Ratios

USD	Y, 2017
Revenue/Employee	50.6 k
Financial Leverage	1.1 x

Dril-Quip Market Value History

Market Position of Dril-Quip

Competitors

National Oilwell Varco

Energy & Utilities - Public

Cameron

Manufacturing & Industrial - Subsidiary

Oceaneering International

Manufacturing & Industrial - Public

Newpark Resources

Manufacturing & Industrial - Public

Compare competitors

Dril-Quip

Company Growth (employees)

Dril-Quip Office Locations

Dril-Quip Data and Metrics

Dril-Quip Financial Metrics

Summary

Revenue (Q1, 2017)

Gross profit (Q1, 2017)

Gross profit margin (Q1, 2017), %

Net income (Q1, 2017)

EBIT (Q1, 2017)

Market capitalization (17-Aug-2017)

Cash (31-Mar-2017)

Income Statement

Revenue

Revenue growth, %

Cost of goods sold

Gross profit

Gross profit Margin, %

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Interest income

Pre tax profit

Income tax expense

Net Income

Revenue

Cost of goods sold

Gross profit

Gross profit Margin, %

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Interest income

Pre tax profit

Income tax expense

Net Income

Balance Sheet

Cash

Accounts Receivable

Inventories

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Current Liabilities

Total Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash

Accounts Receivable

Inventories

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Current Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Accounts Receivable

Accounts Payable

Cash From Operating Activities

Cash From Investing Activities

Cash From Financing Activities

Net Income

Accounts Receivable

Accounts Payable