Dril-Quip, Inc. (DRQ) CEO Blake DeBerry on Q4 2019 Results - Earnings Call Transcript

Dril-Quip, Inc. (DRQ) Q4 2019 Results Conference Call February 28, 2020 11:00 AM ET

Company Participants

Blake DeBerry - President and Chief Executive Officer
Jeff Bird - SVP, Production Operations and Chief Financial Officer

Conference Call Participants

David Anderson - Barclays
Sean Meakim - JP Morgan
Marc Bianchi - Cowen
Ian Macpherson - Simmons
George O'Leary - Tudor Pickering Holt
Connor Lynagh - Morgan Stanley
Vebs Vaishnav - Scotiabank
Blake Gendron - Wolfe Research

Operator

Ladies and gentlemen, thank you for standing by. Welcome to Dril-Quip’s Conference Call. [Operator Instructions] An updated investor deck was posted under the investors tab on the company’s website yesterday along with the earnings release and will be referenced during today’s call. This conference is being recorded and a replay will be made available on the company’s website following the call.

Before we begin, I would like to remind you that Dril-Quip’s comments may include forward-looking statements and discuss non-GAAP financial measures. It should be noted that a variety of factors could cause Dril-Quip’s actual results to differ materially from the anticipated results or expectations expressed in these forward-looking statements. Please refer to the fourth quarter 2019 financial and operational results announcement we released yesterday for full disclosure on forward-looking statements and reconciliations of non-GAAP measures.

I would now like to turn the conference over to Blake DeBerry, Dril-Quip’s President, and Chief Executive Officer. Please go ahead, sir.

Blake DeBerry

Thank you. On behalf of the management team, I would like to welcome all of you to today’s year-end conference call. Last February, we hosted our initial conference call and said we believe that hosting these calls annually made the most sense for Dril-Quip and the investment community. We received positive feedback from that call along with our plan to do them once per year and are pleased to have