Rhea-AI Summary
Dril-Quip, Inc. announced its first quarter 2024 results, reporting a revenue of $110.3 million, a decrease of 12.7% sequentially but an increase of 21.4% year-over-year. The company had a net loss of $20.0 million, with adjusted EBITDA of $10.2 million. Dril-Quip maintained its MSCI ESG rating of 'A' and announced a strategic combination with Innovex Downhole Solutions Inc. Highlights include delivering first Great North wellheads internationally and installing the SS-15® RLDe Rigid Lockdown Subsea Wellhead System in Australia.
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0.32%
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FAQ
What is the current stock price of Dril-Quip (DRQ)?
Dril-Quip (DRQ) last closed at $15.41. The company now trades as INVX.