Dril-Quip, Inc. (NYSE:DRQ) Q1 2023 Earnings Conference Call May 9, 2023 11:30 AM ET

Company Participants

Jeff Bird - President, Chief Executive Officer

Kyle McClure - Vice President, Chief Financial Officer

Erin Fazio - Finance Director

Conference Call Participants

David Smith - Pickering Energy Partners

Operator

Good morning, and welcome to the Dril-Quip First Quarter 2023 Fireside Chat. At this time all participants are on a listen-only mode and there will be no question-and-answer opportunity at the end of this call. As a reminder this call is being recorded.

At this time I'd like to turn the conference call over to Erin Fazio, Finance Director for Dril-Quip. Please go ahead.

Erin Fazio

Thank you, Mathew. Welcome to Dril-Quip's first quarter 2023 fireside chat. An updated investor presentation has been posted under the Investors tab on the company's website along with the earnings release. This call 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 first quarter 20223financial and operational results announcement we released yesterday for a full disclosure on forward-looking statements and reconciliations of non-GAAP measures.

Speaking on the call today from Dril-Quip, we have Jeff Bird, President and Chief Executive Officer; and Kyle McClure, Vice President and Chief Financial Officer and David Smith from Pickering Energy Partners. I would now like to turn the call over to David Smith.

David Smith

Thank you, Erin and good morning. My name is Dave Smith. I'm the lead oilfield service analyst at Pickering Energy Partners. I want to say thank you for this opportunity to host Dril-Quip's first quarter fireside chat. Jeff and Kyle, I look forward to our discussion after Jeff's prepared remarks.

And with that, I'll turn it over to Jeff.

Jeff Bird

Thank you, David and thank you for joining us today. Just as a quick reminder for those in Houston, we're experiencing pretty bad weather today. So if you hear rain or thunder in the background, it is not sound effects, it is actually rain and thunder in the background. So with that, we'll go ahead and proceed.