Quip review amazon10/7/2023 ![]() We believe that these non-GAAP measures enable us to evaluate and compare more effectively the results of our operations period over period and identify operating trends by removing the effect of our capital structure from our operating structure and certain other items including those that affect the comparability of operating results. Free Cash Flow is defined as cash provided by operating activities less cash used in the purchase of property, plant and equipment. ![]() Adjusted EBITDA is defined as net income excluding income taxes, interest income and expense, depreciation and amortization expense, stock- based compensation, non-cash gains or losses from foreign currency exchange rate changes as well as other significant non-cash items and items that can be considered non-recurring. Adjusted Net Income and Adjusted Diluted EPS are defined as net income (loss) and earnings per share, respectively, excluding the impact of foreign currency gains or losses as well as other significant non-cash items and certain charges and credits. Dril-Quip undertakes no obligation to update the forward-looking statements contained herein.Īdjusted Net Income, Adjusted Diluted EPS, Adjusted EBITDA and Free Cash Flow are non-GAAP measures. ![]() Please refer to Dril-Quip's filings with the Securities and Exchange Commission ("SEC") for additionalĭiscussion of risks and uncertainties that may affect Dril-Quip's actual future results. Each investor must assess and bear the risk of uncertainty inherent in the forward-looking statements contained in this presentation. No assurance can be given that actual future results will not differ materially from those contained in the forward-looking statements in this presentation.Īlthough Dril-Quip believes that all such statements contained in this presentation are based on reasonable assumptions, there are numerous variables of an unpredictable nature or outside of Dril- Quip's control that could affect Dril-Quip's future results and the value of its shares. ("Dril-Quip") in light of its experience and perception of historical trends, current conditions, expected future developments and other factors. Forward-looking statements include, but are not limited to, the impact of actions taken by the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC nations to adjust their production levels, the impact of the COVID-19 pandemic and the effects thereof, the general volatility of oil and natural gas prices and cyclicality of the oil and gas industry, declines in investor and lender sentiment with respect to, and new capital investments in, the oil and gas industry, project terminations, suspensions or scope adjustments to contracts, uncertainties regarding the effects of new governmental regulations, the Company's international operations, operating risks, the impact of our customers and the global energy sector shifting some of their asset allocation from fossil-fuel production to renewable energy resources, goals, projections, estimates, expectations, market outlook, forecasts, plans and objectives, including revenue and new product revenue, capital expenditures and other projections, project bookings, bidding and service activity, acquisition opportunities, forecasted supply and demand, forecasted drilling activity and subsea investment, liquidity, cost savings, and share repurchases and are based on assumptions, estimates and risk analysis made by management of Dril- Quip, Inc. The information furnished in this presentation contains "forward-looking statements" within the
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