![]() They expect net sales growth in 20 along with net margin improvement and positive FCF. Market analysts out there seem to be optimistic about the future of Dril-Quip. I used some of these figures in my new financial model, so readers may want to have a look at them. DRQ expects revenue to show 20% growth over 2022, very decent Adjusted EBITDA margins, and capital expenditures of around $30 million. ![]() The company recently increased its net sales growth expectations. The stock price declined, however, I was not wrong about my revenue expectations. Have a look at the following lines.Ĭonsidering that DRQ reported a double-digit backlog increase in 2022 and beneficial expectations in 2023, I would be expecting further revenue growth in the future. In my previous article about DRQ, I noted that we could expect further revenue growth in the future. New Outlook, New Market Expectations, And My Previous Article Even taking into account risks from laws and regulations on environmental damage or crude oil volatility, I think that DRQ appears undervalued. In my view, the growth of the carbon capture, utilization, and storage market as well as new collaboration agreements with new patterns could serve as a revenue catalyst. Besides, taking into account the balance sheet, we could expect M&A efforts to bring expansion of the geographic footprint and scalability opportunities. ( NYSE: DRQ) recently reported a beneficial outlook and further costs related to the re-segmentation project, which may have a beneficial effect on future FCF growth figures.
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