NYSE$INVX
Innovex International Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Reported operational and financial results.
Dril-Quip reported Q4 2020 revenue of $87.2 million and a net loss of $11.3 million, or $0.33 per share. The company generated adjusted EBITDA of $9.0 million, or 10.3% of revenue, and had a negative free cash flow of $18.5 million.
- Delivered fourth quarter revenue of $87.2 million.
- Recorded a net loss of $11.3 million, or $0.33 per share.
- Generated adjusted EBITDA of $9.0 million, or 10.3% of revenue.
- Free cash flow was negative $18.5 million.
Headline financials
Revenue & EPS history
Dril-Quip · Revenue · Quarterly
$87.2M
Revenue by segment
Dril-Quip · $105M total across 2 segments · Q3 2023
- Product Revenues$77.6M+32.6%74.0%
- Service Revenues$27.2M+33.1%26.0%
Forward guidance
Dril-Quip anticipates orders could continue to be lumpy and remain in a $40 to $60 million range per quarter for 2021; however as global economies begin to reopen, we expect to see some improvement in the back half of the year.
Tailwinds
- Global economies begin to reopen
- Improvement in the back half of the year
- Driving annual productivity improvements through continued deployment of LEAN
- Estimate these to contribute $5 million to EBITDA in 2021 and $10 million annualized thereafter
- Building on our leaner cost structure, we are making progress in advancing various growth initiatives
Headwinds
- Ongoing market uncertainty
- Improvement in demand and commodity prices are sustainable as we enter into a post COVID-19 world
- Orders could continue to be lumpy
- Orders remain in a $40 to $60 million range per quarter for 2021
- Cash collections shift from late 2020 to early 2021 as many customers closely managed their cash positions at year end
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 Q4 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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