Dril-Quip: Q4 Earnings Snapshot
By AP News
Published - Feb 27, 2023, 04:48 PM ET
Last Updated - Jun 22, 2023, 07:17 PM EDT
HOUSTON (AP) — HOUSTON (AP) — Dril-Quip Inc. (DRQ) on Monday reported a loss of $252,000 in its fourth quarter.
The Houston-based company said it had a loss of 1 cent per share. Earnings, adjusted for one-time gains and costs, came to 6 cents per share.
The maker of offshore drilling and production equipment posted revenue of $96.8 million in the period.
For the year, the company reported net income of $443,000, or 1 cent per share, swinging to a profit in the period. Revenue was reported as $362.1 million.
