Dril-Quip's (DRQ) Q2 Earnings Rise on Well Construction

Dril-Quip Inc (DRQ) reported a second-quarter 2024 adjusted earnings of 10 cents per share against a year-ago quarter loss of 3 cents. The company's total quarterly revenues of $120.3 million increased from the year-ago quarter's $89.6 million. The strong quarterly results were owing to contributions from Subsea Products and Well Construction business activities. Q2 Performance Dril-Quip reported that in the June quarter, it booked Subsea Products orders of $54.1 million, reflecting a sequential rise of 25% ...