Grant Prideco is the world’s leader in drill stem technology and drill pipe manufacturing, a global leader in drill bit technology and manufacturing, and a leading provider of high-performance engineered connections and premium tubular products.
Chairman and CEO, Michael McShane commented, “Looking forward, we anticipate both volume and pricing increases will lead to near-term earnings improvement. Record backlog and recent capacity increases in our Drilling Products division give us excellent visibility extending into 2007. We are also anticipating continued growth internationally in our ReedHycalog and Tubular Technology segments. As a result, we are increasing our earnings forecast for the fiscal year 2006 to approximately $3.20 per share, excluding any unusual items.”
| Period | Revenue | Income | EPS |
| 2006 Q2 | 431.1 | 105.0 | .79 |
| 2006 Q1 | 414.4 | 92.4 | |
| 2005 Q4 | 388.7 | 92.6 | |
| 2005 Q3 | 352.2 | 84.0 | |
| 2005 Q2 | 316.9 | 71.0 | |
| 2005 Q1 | 292.1 | 62.0 | |
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