Dril-Quip

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.
Company Growth (employees)
Type
Public
HQ
Houston, US
Founded
1981
Size (employees)
2,355 (est)
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
USD

Revenue (Q1, 2017)

119.2 m

Gross profit (Q1, 2017)

36.8 m

Gross profit margin (Q1, 2017), %

31%

Net income (Q1, 2017)

94 k

EBIT (Q1, 2017)

(870 k)

Market capitalization (17-Aug-2017)

1.4 b

Cash (31-Mar-2017)

414.2 m
Dril-Quip's current market capitalization is $1.4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

872.4 m931 m844.3 m538.7 m

Revenue growth, %

7%(9%)(36%)

Cost of goods sold

513.9 m513.5 m459.3 m328.4 m

Gross profit

358.5 m417.4 m385 m210.3 m

Gross profit Margin, %

41%45%46%39%

General and administrative expense

53.1 m

Operating expense total

134.9 m138.7 m136.2 m425.9 m

EBIT

223.5 m278.7 m248.8 m112.9 m

EBIT margin, %

26%30%29%21%

Interest expense

(35 k)(35 k)(12 k)(28 k)

Interest income

587 k667 k948 k3 m

Pre tax profit

224.1 m279.4 m249.8 m115.9 m

Income tax expense

54.3 m70.7 m57.8 m22.6 m

Net Income

169.8 m208.7 m192 m93.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

230.3 m241.8 m226 m215.3 m201.4 m166.6 m142.4 m123.6 m119.2 m

Cost of goods sold

125 m135.3 m125.1 m117.7 m108.1 m93.1 m79.9 m77.6 m82.4 m

Gross profit

105.3 m106.5 m100.9 m97.6 m93.3 m73.5 m62.6 m46 m36.8 m

Gross profit Margin, %

46%44%45%45%46%44%44%37%31%

General and administrative expense

25.5 m20.8 m17 m33.6 m17.3 m13.2 m5.8 m12.5 m25.8 m

Operating expense total

25.5 m20.8 m17 m33.6 m17.3 m13.2 m5.8 m12.5 m25.8 m

EBIT

69 m73 m71.7 m52.6 m64.3 m49.3 m45.2 m22.9 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 k206 k49 k165 k345 k482 k541 k945 k937 k

Pre tax profit

69.2 m73.2 m71.7 m52.7 m64.6 m49.8 m45.7 m23.9 m52 k

Income tax expense

17.9 m17.5 m18.1 m13.5 m13.8 m13.1 m9.6 m4.9 m(42 k)

Net Income

51.3 m55.7 m53.7 m39.2 m50.8 m36.8 m36.1 m19 m94 k
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

384.4 m298.7 m381.3 m423.5 m

Accounts Receivable

279.3 m374 m319.8 m213.5 m

Inventories

355.4 m

Current Assets

1.1 b1.1 b1.1 b1.1 b

PP&E

304.8 m309.5 m294.3 m323.1 m

Goodwill

34.4 m

Total Assets

1.4 b1.4 b1.4 b1.5 b

Accounts Payable

38.8 m53.8 m30.9 m36.1 m

Current Liabilities

142.8 m198.6 m100.8 m101.5 m

Total Liabilities

105 m

Additional Paid-in Capital

192 m16.5 m16.5 m5.5 m

Retained Earnings

1.1 b1.3 b1.4 b1.5 b

Total Equity

1.2 b1.2 b1.3 b1.4 b

Financial Leverage

1.1 x1.2 x1.1 x1.1 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

342.6 m315 m374.1 m382.7 m397 m423.4 m491.7 m542.6 m414.2 m

Accounts Receivable

316.9 m331.6 m299.3 m299.4 m298.4 m328.1 m251.1 m221.6 m208.5 m

Inventories

408.1 m407.9 m386.6 m383.8 m365.7 m343.1 m339.9 m351.1 m346.7 m

Current Assets

1.1 b1.1 b1.1 b1.1 b1.1 b1.2 b1.1 b1.2 b1 b

PP&E

316.3 m310.3 m300.9 m301.6 m292.6 m294.9 m293.9 m290.1 m320 m

Goodwill

46.5 m

Total Assets

1.4 b1.4 b1.4 b1.4 b1.4 b1.5 b1.4 b1.5 b1.5 b

Accounts Payable

55 m48.1 m59.7 m39.5 m44.7 m33.5 m20.3 m23.7 m25.7 m

Current Liabilities

169.4 m169.4 m161.4 m126.7 m118.1 m104.9 m86.5 m86.8 m83.2 m

Additional Paid-in Capital

109.2 m62.5 m20.2 m4.9 m16.5 m3.3 m3.6 m9.1 m

Retained Earnings

1.2 b1.2 b1.3 b1.4 b1.4 b1.5 b1.5 b1.5 b1.5 b

Total Equity

1.3 b1.3 b1.3 b1.3 b1.3 b1.4 b1.4 b1.4 b1.4 b

Financial Leverage

1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

169.8 m208.7 m192 m93.2 m

Depreciation and Amortization

29.3 m31.2 m30.5 m31.9 m

Accounts Receivable

(17 m)(100 m)36.7 m106.5 m

Accounts Payable

(8.6 m)54.2 m(89.4 m)(11.4 m)

Cash From Operating Activities

162.2 m149.3 m190.2 m246.5 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)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

51.3 m55.7 m53.7 m39.2 m50.8 m36.8 m36.1 m19 m94 k

Accounts Receivable

316.9 m331.6 m299.3 m299.4 m298.4 m328.1 m251.1 m221.6 m208.5 m

Accounts Payable

55 m48.1 m59.7 m39.5 m44.7 m33.5 m20.3 m23.7 m25.7 m
USDY, 2017

Revenue/Employee

50.6 k

Financial Leverage

1.1 x

Dril-Quip Market Value History

Traffic Overview of Dril-Quip

Dril-Quip Online and Social Media Presence

Dril-Quip Company Life and Culture

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