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.
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.
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