Loading...
•
Mar 31, 2022
Dril-Quip Q1 2022 Earnings Report
Operational and financial results reported for Q1 2022.
Key Takeaways
Dril-Quip reported revenue of $83.1 million and a net loss of $8.9 million, or a $0.26 loss per share. They booked $66.5 million in new orders and generated adjusted EBITDA of $3.2 million. The company repurchased $5.8 million of shares during the quarter.
Revenue of $83.1 million, an increase of $5.2 million from the fourth quarter of 2021.
Booked $66.5 million of new orders during the first quarter of 2022.
Reported a net loss of $8.9 million, or a $0.26 loss per share.
Generated adjusted EBITDA of $3.2 million, or 3.8% of revenue.
Revenue by Segment
Forward Guidance
Dril-Quip is confident in their ability to achieve the goals set forth during their annual earnings call, focusing on bookings, revenue and adjusted EBITDA.
Positive Outlook
- Strengthening market supportive of customer activity.
- Increasing demand for products and services.
- Strategic growth pillars of peer-to-peer collaboration.
- Downhole tools expansion and e-Series technology position them well for 20% year-over-year growth in orders.
- Customer response from Aker Solutions collaboration agreement has been strong.
Challenges Ahead
- Impact of the ongoing COVID-19 pandemic.
- Effects of actions taken by third parties.
- Volatility of oil and natural gas prices.
- Cyclicality of the oil and gas industry.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...