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Dril-Quip, Inc.
Dril-Quip, Inc. Announces Results for Fourth Quarter and Year End 2008
March 15th, 2009
Dril-Quip, Inc. (NYSE:DRQ) announced net income of $25.0 million, or $0.64 per diluted share for the three months ended December 31, 2008, versus net income of $32.2 million, or $0.78 per diluted share for the fourth quarter of 2007. Total revenues increased to $135.5 million for the quarter ended December 31, 2008 from $132.8 million for the same period in 2007 as the Company continued to experience strong worldwide demand for its products and services. The fourth quarter 2008 results were adversely impacted by a pre-tax foreign exchange loss of $2.9 million as compared to a pre-tax foreign exchange gain of $0.9 million in the prior year quarter. In addition, results...
Source: Pharma Investments, Ventures & Law Weekly (2009-03-15)
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