Dril-Quip, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 15.55 million compared to USD 10.34 million a year ago. Revenue was USD 110.3 million compared to USD 90.87 million a year ago.

Net loss was USD 19.98 million compared to net income of USD 2.31 million a year ago. Basic loss per share from continuing operations was USD 0.58 compared to basic earnings per share from continuing operations of USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.58 compared to diluted earnings per share from continuing operations of USD 0.07 a year ago.