US subsea and drilling equipment player Dril-Quip has held back on offering full-year guidance due to adverse impact on its business from the Covid-19 coronavirus.

Chief executive Blake DeBerry told analysts late last week that: “We entered 2020 with strong momentum and a belief that growth would continue, but we currently are not giving full-year guidance for revenues or bookings until there is better line of sight on global demand because of the developing impact of the coronavirus.”