UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-13439 DRIL-QUIP, INC. (Exact name of registrant as specified in its charter) DELAWARE 74-2162088 (State or other jurisdiction of incorporation or organization) (I. ...

Dril-Quip, Inc. (NYSE:DRQ) Evercore ISI 2020 Webinar May 7, 2020 11:15 AM ET Company Participants Blake DeBerry - President and Chief Executive Officer Jeff Bird - Senior Vice President, Production Operations and Chief Financial Officer Conference Call Participants James West - Evercore ISI Operator Hello, and welcome to the Evercore ISI 2020 Webinar with Dril-Quip. Speaking today from Evercore ISI will be Energy Analyst, James West. I’d like to remind everyone that the material in this webinar is based upo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-13439 DRIL-QUIP, INC. (Exact name of registrant as specified in its charter) DELAWARE 74-2162088 (State or other jurisdiction of incorporation or organization) (I ...

Dril-Quip, Inc. (NYSE:DRQ) Q4 2019 Results Conference Call February 28, 2020 11:00 AM ET Company Participants Blake DeBerry - President and Chief Executive Officer Jeff Bird - SVP, Production Operations and Chief Financial Officer Conference Call Participants David Anderson - Barclays Sean Meakim - JP Morgan Marc Bianchi - Cowen Ian Macpherson - Simmons George O'Leary - Tudor Pickering Holt Connor Lynagh - Morgan Stanley Vebs Vaishnav - Scotiabank Blake Gendron - Wolfe Research Operator Ladies and gentleme ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (MARK ONE) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-13439 DRIL-QUIP, INC. (Exact name of registrant as specified in its charter) Delaware 74-2162088 (State or other ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-13439 DRIL-QUIP, INC. (Exact name of registrant as specified in its charter) DELAWARE 74-2162088 (State or other jurisdiction of incorporation or organization ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |---------------------------------------------------------------------------|--------------------------------------------------------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-13439 DRIL-QUIP, INC. (Exact name of registrant as specified in its charter) DELAWARE 74-2162088 (State or other jurisdiction of incorporation or organization) (I ...

Financial Performance - Total revenues for 2018 were $384.6 million, a decrease of 15.6% from $455.5 million in 2017[143] - Net loss for 2018 was $95.7 million, compared to a net loss of $100.6 million in 2017, showing a slight improvement[143] - Operating loss increased to $122.7 million in 2018 from a loss of $69.1 million in 2017[143] - Total comprehensive loss for 2018 was $114.518 million, compared to a loss of $76.522 million in 2017[228] - Basic and diluted earnings per share for 2018 were both $(2.58), compared to $(2.69) in 2017[224] - The company reported a loss before taxes of $29.823 million in 2018, compared to a loss of $18.099 million in 2017[312] - The company reported a loss before taxes of $114.989 million in 2018, compared to a loss of $65.644 million in 2017, indicating a worsening of approximately 75%[316] Assets and Liabilities - Total assets decreased to $1.19 billion in 2018 from $1.40 billion in 2017, reflecting a decline of approximately 14.9%[145] - Working capital decreased to $770.7 million in 2018 from $908.6 million in 2017, a reduction of about 15.2%[145] - Total liabilities decreased to $96.348 million in 2018 from $105.344 million in 2017, a decline of 8.5%[230] - Total long-lived assets decreased to $339.529 million in 2018 from $391.256 million in 2017, reflecting a reduction of about 13.2%[316] Cash Flow and Investments - Net cash provided by operating activities in 2018 was $45.5 million, a decrease of 57.8% from $108.0 million in 2017[234] - Cash used in investing activities was $15.2 million in 2018, a significant improvement from $44.9 million in 2017[234] - The company reported depreciation and amortization expenses of $35.3 million in 2018, down from $41.0 million in 2017[234] - The company incurred restructuring and other charges of $60.0 million during the year ended December 31, 2018, primarily due to workforce reductions and facility reorganizations[250] Revenue Segmentation - Total revenues for the year ended December 31, 2018, were $337.5 million, with product revenues of $265.1 million and service revenues of $72.4 million[266] - Total services revenue, including rental tools, was $119.574 million in 2018, up from $104.337 million in 2017, marking an increase of about 14.6%[316] - The company’s technical advisory services revenue increased to $56.615 million in 2018 from $50.925 million in 2017, representing an increase of approximately 11.5%[316] Foreign Currency and Market Risks - The company reported a 10% adverse movement in foreign currency exchange rates could lead to a revenue decrease of approximately $13.0 million[205] - The company experienced foreign currency exchange losses of approximately $(0.8) million, $12.7 million, and $(25.6) million during the years ended December 31, 2018, 2017, and 2016, respectively[258] - The company did not engage in material hedging transactions to mitigate market risks related to interest rate changes and foreign currency fluctuations[203] Taxation and Deferred Tax Assets - The effective tax rate for 2018 was 16.78%, a significant decrease from (53.31)% in 2017, primarily due to the impacts of the U.S. Tax Reform[293] - The total deferred tax assets amounted to $45.995 million as of December 31, 2018, compared to $39.031 million in 2017[293] - The company recorded a valuation allowance of $31.833 million against deferred tax assets as of December 31, 2018, reflecting a three-year cumulative loss in the U.S. and certain foreign jurisdictions[296] Shareholder Actions - The company repurchased 1,991,206 shares of common stock for $100 million in 2018[238] - The Company repurchased 1,991,206 shares for approximately $100 million during the year ended December 31, 2018, completing the stock repurchase plan[335] Employee Compensation and Benefits - The company’s contribution expense for employee benefit plans was $4.1 million in 2018, slightly down from $4.3 million in 2017[302] - The Company recognized RSA compensation expense of $8.8 million in 2018, up from $8.4 million in 2017, reflecting an increase of approximately 4.8%[324] - Performance Unit compensation expense was $4.2 million for the year ended December 31, 2018, compared to $5.4 million in 2017 and $4.6 million in 2016[328] Legal and Regulatory Matters - The company has ongoing legal actions but does not expect any material adverse effects on its financial position or cash flows[309]