Dril-Quip, Inc. Discusses Operational Outlook
Dril-Quip, Inc. (DRQ)
Last dril-quip, inc. earnings: 2/27 05:36 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=100535&p=irol-irhome
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Source: GlobeNewswire
HOUSTON, March 18, 2020 (GLOBE NEWSWIRE) -- Dril-Quip Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) said today that it was withdrawing its first quarter 2020 guidance provided in its year-end 2019 earnings release and conference call in late February. This is in response to the current market uncertainty caused by COVID-19 disruptions, as well as the supply and demand pressures impacting the oil and gas industry. Blake DeBerry, Dril-Quip's President and Chief Executive Officer, commented, “We continue to monitor the slowdown in worldwide business activity due to the global response to COVID-19. In response to the COVID-19 outbreak and for the wellbeing of our customers, employees and vendors, we have implemented our business continuity plan, which includes staggered shifts in our manufacturing and after market operations, working from home where practical, self-quarantine of offshore service personnel on return and cancellation of all non-essential travel.” “The sudden and s
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