Dril-Quip, Inc.

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Company Name	Dril-Quip, Inc.
Stock Symbol	DRQ

On July 8, 2024, Dril-Quip disclosed that it had “misclassified inventory write-downs from 2021 totaling approximately $67 million, including $19.3 million related to the 2018 global strategic plan and approximately $47.7 million due to the discontinuation of certain product categories under the 2021 global strategic plan.” The Company stated that it would restate consolidated financial statements for the affected period and would “disclose a material weakness in its internal control over financial reporting.”

On this news, Dril-Quip’s stock price fell $1.76, or 9.9%, to close at $16.01 per share on July 9, 2024, thereby injuring investors.

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If you suffered a loss on your Dril-Quip, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

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