Thread regarding Dril-Quip Inc. layoffs

I'm afraid nothing good will follow..

https://apnews.com/article/business-earnings-houston-dril-quip-inc-e100d9d5ffb66c0b08c8479c9f7f7876

HOUSTON (AP) _ Dril-Quip Inc. (DRQ) on Wednesday reported a loss of $63.4 million in its fourth quarter.
On a per-share basis, the Houston-based company said it had a loss of $1.81. Losses, adjusted for restructuring costs and non-recurring costs, were 46 cents per share.
The maker of offshore drilling and production equipment posted revenue of $77.9 million in the period.
For the year, the company reported that its loss widened to $128 million, or $3.62 per share. Revenue was reported as $322.9 million.
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Thoughts?

by Anonymous
| 2662 views | | 14 replies (last March 10, 2022) | Reply
Post ID: @OP+1fsrOF8a
Comment! It's anonymous!

14 replies (most recent on top)

Kw on his way back I’ve heard?

by Sr
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Post ID: @epwo+1fsrOF8a

Are they taking on turners or borers?

by Desperate
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Post ID: @9ikd+1fsrOF8a

Dyce hiring machinists again,good news

by Top turner
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Post ID: @7amo+1fsrOF8a

lean worked in the sense of leaning out the profitability of the company. Just wait for the upcoming bloodbath

by Anonymous
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Post ID: @6lma+1fsrOF8a

LEAN FAILED

by Lean cuisine
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Post ID: @6odj+1fsrOF8a

Like the Monarchy. Too many important people and not enough serfs. Need to lean the hierarchy and plump up the peasants. Don’t let the money trickledown. Make it a waterfall. Happy people make more money or just shut it all down. Make way for another Enron. Driven straight to the ground. Not even a slowdown.

by Mike
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Post ID: @2xho+1fsrOF8a

CEO’s failed

by Anonymous
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Post ID: @1snu+1fsrOF8a

@1lpb, FMC can machine the trees for you ...

by Anonymous
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Post ID: @1kbj+1fsrOF8a

sales failed??
aint new strategy scm failed ??
wads lean strategy ??

by pi-s
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Post ID: @1nug+1fsrOF8a

loss widened? ci fail????????

by Anonymous
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Post ID: @1zpz+1fsrOF8a

loss widened

…..that would mean that cost cutting efforts
were a failure. Some 20 years ago DQ had this much revenue and a profit.

Perhaps for employees it would be best if DQ is sold to someone who wants to run it well

by Anonymous
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Post ID: @1inx+1fsrOF8a

will be a beautiful spectacular catastrophic train wreck of a failure

by Anonymous
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Post ID: @1npg+1fsrOF8a

Supply chain, supply chain, supply chain

That’s the future. Just ensure you find a supplier of the predicted 17 trees for 2022, that can actually machine a sub sea tree.

by Anonymous
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Post ID: @1lpb+1fsrOF8a

Leaving the non subsea sector, streamlining leadership (ie getting rid of some), footprint reduction including half of Eldridge and a move to a business unit matrix structure means that the future is less than rosy.
Get why he’s doing it to be honest though.

by Anonymous
| | Reply
Post ID: @utz+1fsrOF8a

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