OverviewSuggest Edit
Dril-Quip is a manufacturer of offshore drilling and production equipment. It designs subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves. The company also provides technical advisory assistance, rework and reconditioning services, as well as rental running tools.
| Type | Public | |
| Founded | 1981 | |
| HQ | Houston, TX, US | Map |
| Website | dril-quip.com | |
| Employee Ratings | More | |
| Overall Culture | D | More |
Key People/Management at Dril-Quip
Blake T. DeBerry
Chief Executive Officer
Jeffrey J. Bird
President and Chief Operating Officer
Raj Kumar
Vice President and Chief Financial Officer
James C. Webster
Vice President, General Counsel and Secretary
Dril-Quip Office Locations
Dril-Quip has offices in Houston, Perth, Welshpool, Macaé and in 14 other locations
Houston, TX, US (HQ)
6401 N Eldridge Pkwy
Perth, AU
221 St Georges Terrace
Welshpool, AU
Building E/283 Treasure Rd N
Macaé, BR
Estrada Melquiades Ribeiro de Almeida 853 - Imboassica
Beijing, CN
50 Liangmaqiao Rd, Chaoyang Qu
Shenzhen, CN
3 Chiwan Road Shekou , Nanshan District
Dril-Quip Financials and Metrics
Dril-Quip Revenue
Dril-Quip's revenue was reported to be $364.97 m in FY, 2020 which is a 12% decrease from the previous period.
| USD | |
|---|---|
Revenue (Q2, 2021) | 80.8m |
Gross profit (Q2, 2021) | 19.3m |
Gross profit margin (Q2, 2021), % | 23.8% |
Net income (Q2, 2021) | (19.1m) |
EBIT (Q2, 2021) | (14.7m) |
Market capitalization (12-Nov-2021) | 753.7m |
Closing stock price (12-Nov-2021) | 21.2 |
Cash (30-Jun-2021) | 370.5m |
EV | 388.8m |
Dril-Quip's current market capitalization is $753.7 m.
Annual
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|
Cash | 414.8m | 423.1m | 413.1m | 343.5m | 345.8m | 359.2m | 362.2m | 370.5m |
Accounts Receivable | 208.2m | 218.5m | 235.6m | 118.6m | 101.0m | 93.5m | 103.8m | 90.4m |
Inventories | 194.5m | 194.5m | 201.7m | 197.0m | 212.4m | 219.0m | 194.9m | 202.4m |
Current Assets | 843.3m | 868.1m | 878.7m | 826.3m | 848.2m | 863.0m | 844.7m | 849.3m |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|
Net Income | (6.1m) | (4.4m) | (5.7m) | (19.7m) | (33.8m) | (19.5m) | (34.4m) | (53.4m) |
Depreciation and Amortization | 8.4m | 16.9m | 25.2m | 8.9m | 16.8m | 24.7m | 7.4m | 14.8m |
Inventories | (2.7m) | (1.0m) | (15.6m) | (15.5m) | (33.9m) | (38.5m) | (5.8m) | (12.7m) |
Accounts Payable | (14.5m) | 2.7m | 13.7m | (7.2m) | 11.2m | (1.2m) | 5.2m | 15.1m |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 209.7k |
Financial Leverage | 1.1 x |
P/E Ratio | (11.6) |
Dril-Quip Operating Metrics
Dril-Quip's Backlog was reported to be $191.2k in Q2, 2021.
| FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Average Selling Price per Barrel | $71.34 | $67.93 | $69.04 | $61.95 | $64.28 | $50.27 | $41.64 | $42.91 | $41.96 | $61.04 | $68.98 |
Backlog | $269.97 k | $303.7 k | $322.2 k | $250.67 k | $272.54 k | $261.13 k | $237.87 k | $221.57 k | $195.65 k | $196.66 k | $191.19 k |
Floating Rig Count | 146 | 153 | 159 | 158 | 156 | 152 | 138 | 132 | 126 | 126 | 125 |
Jack-up Rig Count | 341 | 351 | 367 | 380 | 384 | 384 | 359 | 347 | 335 | 349 | 354 |
Dril-Quip Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| OilPatch Technologies | June 06, 2017 | $20 m |
| TIW Corporation | October 17, 2016 | $143 m |
| Dril-Quip AP Holdings LLC | ||
| Dril-Quip Asia Pacific Pte Ltd | ||
| Dril-Quip Asia Pac LP | ||
| Dril-Quip B.V. | ||
| Dril-Quip Cross Ghana Limited | ||
| Dril-Quip do Brasil Ltda. | ||
| Dril-Quip Dutch Holdings LLC | ||
| Dril-Quip Egypt for Petroleum Services S.A.E. |
Dril-Quip Revenue Breakdown
Dril-Quip revenue breakdown by business segment: 70.9% from Products, 20.7% from Services and 8.4% from Leasing
Dril-Quip revenue breakdown by geographic segment: 59.0% from Western Hemisphere, 21.4% from Eastern Hemisphere and 19.6% from Asia Pacific Hemisphere
Dril-Quip Cybersecurity Score
Dril-Quip Environment, Social & Governance (ESG) Ratings
Dril-Quip Online and Social Media Presence
155 Twitter followers
Dril-Quip has 155 Twitter Followers. The number of followers has increased 1.3% month over month and increased 0.6% quarter over quarter
Dril-Quip's Trends
Dril-Quip Company Culture
Overall Culture
D
59/100
CEO Rating
F
30/100
Compensation
F
15/100
Dril-Quip News and Updates
October 01, 2021
Dril-Quip, Inc. Announces Departure of Chief Financial Officer
HOUSTON, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) (the “Company” or “Dril-Quip”) announced today that Raj Kumar, Vice President and Chief Financial Officer, has resigned his position with Dril-Quip effective November 1, 2021 to take another opportunity and will assist in a smo…
September 01, 2021
Dril-Quip, Inc. Announces Leadership Transition
HOUSTON, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) (the “Company” or “Dril-Quip”) announced today that its Board of Directors has appointed Jeffrey J. Bird as its President and Chief Executive Officer, and elected him to the Board, both effective as of January 1, 2022 to repla…
August 16, 2021
Dril-Quip, Inc. Wins OTC Spotlight on New Technology Award for BADGeR™ Specialty Connector
HOUSTON, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) (the 'Company’ or ‘Dril-Quip’) announced that it was presented with a Spotlight on New Technology Award by the 2021 Offshore Technology Conference (OTC) today for its BADGeR™ Specialty Casing Connector. The BADGeR™ is a high-pe…
July 29, 2021
Dril-Quip, Inc. Announces Second Quarter 2021 Results
HOUSTON, July 29, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the second quarter of 2021.
July 21, 2021
Dril-Quip, Inc. Schedules Second Quarter 2021 Earnings Release and Upcoming Webcast
HOUSTON, July 21, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) announced today that it will release its second quarter 2021 earnings press release following the market close on Thursday, July 29, 2021. The Company will also participate in a fireside chat web…
June 22, 2021
Dril-Quip, Inc. Announces Addition to its Board of Directors
HOUSTON, June 22, 2021 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the 'Company’ or ‘Dril-Quip’) announced today that Darryl K. Willis has been appointed to its Board of Directors upon the recommendation of its Nominating and Governance Committee.
Dril-Quip Frequently Asked Questions
When was Dril-Quip founded?
Dril-Quip was founded in 1981.
Who are Dril-Quip key executives?
Dril-Quip's key executives are Blake T. DeBerry, Jeffrey J. Bird and Raj Kumar.
How many employees does Dril-Quip have?
Dril-Quip has 1,357 employees.
What is Dril-Quip revenue?
Latest Dril-Quip annual revenue is $365 m.
What is Dril-Quip revenue per employee?
Latest Dril-Quip revenue per employee is $269 k.
Who are Dril-Quip competitors?
Competitors of Dril-Quip include Schlumberger, TechnipFMC and Aker Solutions.
Where is Dril-Quip headquarters?
Dril-Quip headquarters is located at 6401 N Eldridge Pkwy, Houston.
Where are Dril-Quip offices?
Dril-Quip has offices in Houston, Perth, Welshpool, Macaé and in 14 other locations.
How many offices does Dril-Quip have?
Dril-Quip has 20 offices.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies