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Profile - Varco International, Inc. (NYSE:VRC)
As of 31-Aug-2001
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Location
2835 Holmes Road
Houston, TX 77051
Phone: (713) 799-5100
Fax: (713) 799-1460
Email: investor-relations@varco.com
Employees (last reported count): 5,878
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Energy
 ·Industry: Oil Well Services & Equipment
Company Websites
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 ·Subsidiaries
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Index Membership
 ·S&P 400 MidCap
Ownership
·Insider and 5%+ Owners: 39%
·Over the last 6 months:
 · 12 insider sells; 6.06M shares
  (13.9% of insider shares)
·Institutional: 74% (121% of float)
(403 institutions)
·Net Inst. Buying: 3.02M shares (+4.11%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Varco International, Inc. is a supplier of technical services and highly engineered products to the oil and gas drilling, completion, production, and transmission industries worldwide. The Company operates through four main product lines in the oil and gas industry segment. The product lines are Tubular Services (including application of tubular coatings, tubular inspection); Solids Control Products and Services; Coiled Tubing and Wireline Products; and Pipeline and Other Industrial Services. In May 2000, the Company, formerly Tuboscope Inc., merged with Varco International (OLD) in a pooling of interest to form Varco International, Inc. Varco is engaged in the design, manufacture, sale and rental of drilling tools, equipment and integrated systems and rig instrumentation used for oil and gas drilling worldwide.
More from Market Guide: Expanded Business Description

Financial Summary
Varco International is a supplier of technical services and highly-engineered products to the oil and gas drilling, completion, production, and transmission industries worldwide. For the six months ended 6/30/01, total revenues increased 41% to $578.1 million. Net income totalled $30.9 million, vs. a loss of $3.8 million. Revenues reflect the recent acquisitions and increased activities in oil and gas drilling. Net income reflects improved operating margin.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY1999 Compensation
PayExer

George Boyadjieff, 61
Chairman, CEO
$1.2M$1.3M
John Lauletta, 55
Pres, COO, Director
--  --  
Joseph Winkler, 48
Exec. VP, CFO and Treasurer
--  --  
James Maroney, III, 49
VP, Sec. and Gen. Counsel
--  --  
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:VRCAs of 31-Aug-2001
Price and Volume
52-Week Low
on 18-July-2001
$13.80 
Recent Price$15.18 
52-Week High
on 8-Mar-2001
$25.18 
Beta1.08 
Daily Volume (3-month avg)558.1K
Daily Volume (10-day avg)294.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-24.8%
52-Week Change
relative to S&P500
+0.9%
Share-Related Items
Market Capitalization$1.45B
Shares Outstanding95.8M
Float58.4M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$8.08 
Earnings (ttm)$0.58 
Earnings (mrq)$0.12 
Sales (ttm)$10.75 
Cash (mrq)$0.98 
Valuation Ratios
Price/Book (mrq)1.88 
Price/Earnings (ttm)26.22 
Price/Sales (ttm)1.41 
Income Statements
Sales (ttm)$1.04B
EBITDA (ttm)$121.5M
Income available to common (ttm)$55.8M
Profitability
Profit Margin (ttm)5.4%
Operating Margin (ttm)10.8%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)4.89%
Return on Equity (ttm)7.58%
Financial Strength
Current Ratio (mrq)2.97 
Debt/Equity (mrq)0.42 
Total Cash (mrq)$93.9M
Short Interest
As of 8-Aug-2001
Shares Short3.38M
Percent of Float5.8%
Shares Short
(Prior Month)
2.88M
Short Ratio4.67 
Daily Volume725.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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