HOUSTON (AP) — HOUSTON (AP) — Dril-Quip Inc. (DRQ) on Monday reported earnings of $1.8 million in its fourth quarter.

The Houston-based company said it had net income of 5 cents per share. Earnings, adjusted for non-recurring gains, were 4 cents per share.

The maker of offshore drilling and production equipment posted revenue of $126.3 million in the period.

For the year, the company reported profit of $604,000, or 2 cents per share. Revenue was reported as $424.1 million.

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