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Dril-Quip Touts High 2Q Income

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August 6, 2012

Dril-Quip, Inc. (NYSE: DRQ) announced net income of $29.8 million, or $0.74 per diluted share, for the three months ended June 30, 2012, versus net income of $22.2 million, or $0.55 per diluted share, for the second quarter of 2011. Total revenues were $176.6 million during the quarter ended June 30, 2012 compared to $137.0 million for the same period in 2011, an increase of $39.6 million or approximately 29%. The increase in revenues resulted from increased product revenues of $32.2 million and increased service revenues of $7.4 million.

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