Innovex International, Inc. (DRQ)

Dril-Quip, Inc. designs, manufactures, sells and services engineered offshore drilling and production equipment. The company operates through the following business segments: Subsea Products, Subsea Services, and Well Construction. The Subsea Products business segment manufactures highly engineered, field-proven products with a wide array of deepwater drilling equipment and technology that meets the requirements for harsh subsea environments. The Subsea Services business segment provides high-level aftermarket support and technical services with field technicians that support the full installation and lifecycle management of regulatory and industry standards, as well as offering industry training programs. The Well Construction business segment provides products and services utilized in the construction of the wellbore such as completions, casing hardware and liner hanger systems. Its products include specialty casing connectors, mudline suspension equipment, downhole tools, capital drilling equipment, control systems, and dry tree systems. The company was founded by Larry E. Reimert, Gary W. Loveless, Gary D. Smith and J. Mike Walker in 1981 and is headquartered in Houston, TX.

Address

19120 KENSWICK DRIVE
HUMBLE, TX 77338

Founded

1981

Number of Employees

1,659

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$49,791 $34,892 $25,894 - $80,908 $5,363 $24,987 $1,132 $5,801 - - $28,596
Average Price $77.85 $60.93 $56.86 - $50.11 $42.60 $30.91 $25.02 $21.20 - - $50.44
# Shares Purchased 639,550 572,700 455,400 - 1,614,623 125,888 808,389 45,225 273,629 - - 566,926
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date -82.0% -77.0% -75.4% - -72.1% -67.1% -54.7% -44.0% -34.0% - - -72.2%
S&P 500 Return to Date 181.9% 173.0% 168.6% - 104.9% 93.1% 74.8% 31.7% 37.3% - - 108.1%
Excess Total Return -263.9% -250.0% -244.0% - -176.9% -160.2% -129.5% -75.7% -71.2% - - -180.4%
Quartile Rank
Percentile Rank 6% 7% 7% - 6% 7% 8% 17% 19% - - 7%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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