NYSE$INVX
Innovex International Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Operational and financial results reported for the second quarter of 2020.
Dril-Quip reported a revenue of $90.4 million and a net loss of $14.1 million, or $0.40 per share for the second quarter of 2020. The company's cash position increased to $345.8 million, and it achieved $11.5 million in annualized cost savings.
- Generated $90.4 million of revenue on lower product volumes and leasing revenues.
- Reported second quarter net loss of $14.1 million, or $0.40 per share.
- Recorded adjusted EBITDA of $6.0 million, or 6.7% of revenue.
- Improved sequential net cash provided by operating activities by $24.3 million to $3.0 million increasing cash position to $345.8 million.
Headline financials
Revenue & EPS history
Dril-Quip · Revenue · Quarterly
$90.4M
Revenue by segment
Dril-Quip · $83.9M total across 2 segments · Q2 2020
- Product Revenues$63.1M—75.3%
- Service Revenues$20.8M—24.7%
Forward guidance
Dril-Quip is well positioned with a strong balance sheet, backlog of customer projects and an action plan to proactively address the current environment. The company expects improved financial performance with an emphasis on cash flow generation in the second half of 2020.
Tailwinds
- Strong balance sheet
- Backlog of customer projects
- Action plan to proactively address the current environment
- Efforts of dedicated employees
- Expected cash tax benefit as a result of the CARES Act
Headwinds
- COVID-19 pandemic
- Market conditions
- Project terminations
- Suspensions or scope adjustments to contracts
- Uncertainties regarding the effects of new governmental regulations
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
-0.0%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+0.1%
Avg return
30 days after
49%
33 / 68 earnings
Positive
+16.7%
Q4 2022
Best reaction
-19.2%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | -2.8% | +3.5% | |
| Q4 2025 | +6.4% | -3.0% | -8.8% | |
| Q3 2025 | -4.1% | -1.9% | +15.6% | |
| Q1 2025 | +3.3% | -0.3% | +3.6% | |
| Q4 2024 | +16.4% | +10.5% | +9.5% | |
| Q3 2024 | -0.7% | +4.1% | -5.7% | |
| Q2 2024 | -12.1% | -13.3% | -5.8% | |
| Q1 2024 | +2.8% | +4.6% | +6.9% | |
| Q4 2023 | +10.6% | +8.8% | +7.3% | |
| Q3 2023 | -8.1% | -12.6% | -8.6% | |
| Q2 2023 | +7.3% | +9.8% | +8.9% | |
| Q1 2023 | -4.4% | -11.0% | -4.8% | |
| Q4 2022 | +16.7% | +21.9% | -4.1% | |
| Q3 2022 | -9.1% | -8.0% | -7.9% | |
| Q2 2022 | +1.4% | -6.8% | -6.6% | |
| Q1 2022 | -4.2% | -0.8% | +5.6% | |
| Q4 2021 | +10.5% | +16.2% | +43.8% | |
| Q3 2021 | +0.3% | +1.9% | -17.7% | |
| Q2 2021 | -1.3% | +2.4% | -14.6% | |
| Q1 2021 | +2.0% | +7.1% | +11.6% | |
| Q4 2020 | -7.8% | -9.0% | -7.4% | |
| Q3 2020 | +8.5% | +7.5% | +27.7% | |
| Q2 2020 | -7.7% | -2.5% | -5.7% | |
| Q1 2020 | -8.3% | -5.0% | +23.2% | |
| Q4 2019 | +1.6% | +5.0% | -20.2% | |
| Q3 2019 | -9.0% | -8.3% | -10.4% | |
| Q2 2019 | +3.8% | +4.7% | -9.0% | |
| Q1 2019 | -2.1% | -2.0% | -7.7% | |
| Q4 2018 | +15.6% | +13.0% | +22.3% | |
| Q3 2018 | +3.3% | +3.4% | -5.8% | |
| Q2 2018 | -6.8% | -7.9% | -7.4% | |
| Q1 2018 | -6.4% | -5.2% | +3.8% | |
| Q4 2017 | -4.1% | -6.0% | -4.7% | |
| Q3 2017 | +6.4% | +10.3% | +16.9% | |
| Q2 2017 | +1.8% | -13.0% | -26.9% | |
| Q1 2017 | +0.0% | -5.0% | -4.4% | |
| Q4 2016 | -11.0% | -14.2% | -19.7% | |
| Q3 2016 | -6.6% | -8.4% | +4.6% | |
| Q2 2016 | -5.1% | -1.1% | +3.2% | |
| Q1 2016 | +1.5% | — | — | |
| Q4 2015 | +3.3% | — | — | |
| Q3 2015 | -6.3% | — | — | |
| Q2 2015 | -7.9% | — | — | |
| Q1 2015 | +5.2% | — | — | |
| Q4 2014 | +4.9% | — | — | |
| Q3 2014 | -4.4% | — | — | |
| Q2 2014 | -4.6% | — | — | |
| Q1 2014 | -8.7% | — | — | |
| Q4 2013 | +11.5% | — | — | |
| Q3 2013 | -0.9% | — | — | |
| Q2 2013 | +9.7% | — | — | |
| Q1 2013 | +4.9% | — | — | |
| Q4 2012 | -1.6% | — | — | |
| Q3 2012 | +1.6% | — | — | |
| Q2 2012 | -0.7% | — | — | |
| Q1 2012 | -0.3% | — | — | |
| Q4 2011 | -8.1% | — | — | |
| Q3 2011 | +1.7% | — | — | |
| Q2 2011 | -19.2% | — | — | |
| Q1 2010 | +6.7% | — | — | |
| Q1 2011 | -0.0% | — | — | |
| Q4 2008 | -3.1% | — | — | |
| Q4 2010 | -3.1% | — | — | |
| Q3 2010 | +4.9% | — | — | |
| Q3 2009 | +4.9% | — | — | |
| Q2 2010 | +3.2% | — | — | |
| Q4 2009 | +3.2% | — | — | |
| Q2 2009 | +3.2% | — | — |
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