DRIL-QUIP Files 8-K on Operations and Financial Condition

Ticker: INVX · Form: 8-K · Filed: Feb 26, 2024 · CIK: 1042893

Sentiment: neutral

Topics: financial-condition, regulation-fd, corporate-filing

TL;DR

**DRIL-QUIP just dropped an 8-K on its financials and operations, signaling an update on their business performance.**

AI Summary

DRIL-QUIP, INC. filed an 8-K on February 26, 2024, reporting on "Results of Operations and Financial Condition" and "Regulation FD Disclosure." The filing indicates that the company, an oil and gas field machinery and equipment manufacturer, is based in Houston, Texas, and operates under the CIK 0001042893. This report was filed to comply with Section 13 or 15(d) of the Securities Exchange Act of 1934.

Why It Matters

This filing provides an update on DRIL-QUIP's financial health and operational performance, which is crucial for investors to assess the company's stability and future prospects in the oil and gas equipment sector.

Risk Assessment

Risk Level: low — The 8-K filing itself is a routine disclosure and does not inherently indicate a high risk, though the underlying financial results it references could be positive or negative.

Key Numbers

Key Players & Entities

FAQ

What is the purpose of DRIL-QUIP, INC.'s 8-K filing on February 26, 2024?

The 8-K filing by DRIL-QUIP, INC. on February 26, 2024, is a Current Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, specifically addressing "Results of Operations and Financial Condition" and "Regulation FD Disclosure."

Where is DRIL-QUIP, INC.'s principal executive office located?

DRIL-QUIP, INC.'s principal executive office is located at 2050 West Sam Houston Parkway S., Suite 1100, Houston, Texas 77042.

What is DRIL-QUIP, INC.'s Central Index Key (CIK)?

DRIL-QUIP, INC.'s Central Index Key (CIK) is 0001042893.

What is the company's Standard Industrial Classification (SIC)?

DRIL-QUIP, INC.'s Standard Industrial Classification (SIC) is OIL & GAS FILED MACHINERY & EQUIPMENT [3533].

What items are specifically reported in this 8-K filing?

This 8-K filing specifically reports on "Results of Operations and Financial Condition," "Regulation FD Disclosure," and "Financial Statements and Exhibits."

Filing Stats: 559 words · 2 min read · ~2 pages · Grade level 9.3 · Accepted 2024-02-26 16:05:29

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On February 26, 2024, Dril-Quip, Inc. ("Dril-Quip") reported fourth quarter 2023 earnings. For additional information regarding Dril-Quip's fourth quarter 2023 earnings, please refer to Dril-Quip's press release attached to this report as Exhibit 99.1 (the "Press Release"), which Press Release is incorporated by reference herein.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On February 26, 2024, Dril-Quip posted the fourth quarter 2023 Supplemental Earnings Information presentation (the "Presentation") to its website at www.dril-quip.com. The Presentation is attached hereto as Exhibit 99.2. The information in the Press Release and the Presentation is being furnished, not filed, pursuant to Items 2.02 and 7.01. Accordingly, the information in the Press Release and the Presentation will not be incorporated by reference into any registration statement filed by Dril-Quip under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The exhibits listed below are being furnished pursuant to Items 2.02 and 7.01 of this Form 8-K: Exhibit No. Description 99.1 Press Release issued February 26, 2024. 99.2 Fourth Quarter 2023 Supplemental Earnings Information Presentation. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DRIL-QUIP, INC. By: /s/ Kyle F. McClure Kyle F. McClure Vice President and Chief Financial Officer Date: February 26, 2024

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