Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HH who wrote (20772)	4/29/1998 12:26:00 PM
From: marc chatman	Read Replies (2) of 95453

I've never heard of this company, but another indication of the strength in the equipment manufacturers: biz.yahoo.com Dril-Quip, Inc. Announces Results for First Quarter 1998 HOUSTON, April 29 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ - news), today announced net income of $4.13 million for the three months ended March 31, 1998, an increase of 83% over net income of $2.26 million for the first quarter of 1997. Earnings per share for the 1998 first quarter were $0.24 compared with $0.16 for the same period in 1997. Revenues for the three months ended March 31, 1998 were $40.8 million, up 19% from $34.2 million in 1997. Dril-Quip attributes this improvement in revenues primarily to strong demand for its products due to expanded drilling and production activities in offshore areas throughout the world, along with increased manufacturing capacity and project related sales of new products. Dril-Quip is a leading manufacturer of highly engineered offshore drilling and production equipment which is well suited for use in deepwater, harsh environment and severe service applications.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next