Drilling Tools International Corp

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

DTI reports strong Q3 earnings, eyes growth through strategic acquisitions

DTI's Q3 performance reflects resilience and strategic growth initiatives, positioning the company for future success. By focusing on operational efficiencies, strategic acquisitions, and market competitiveness, DTI aims to capitalize on growth opportunities and navigate market challenges effectively.

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Drilling Tools International Corp. engages in the provision of rentals of directional drilling tools, wellbore optimization tools and other drilling products. The company was founded in 1984 and is headquartered in Houston, TX.

Drilling Tools International Corporation (NASDAQ:DTI ) Q3 2024 Earnings Conference Call November 14, 2024 10:00 AM ET Company Participants Ken Dennard - IR Wayne Prejean - CEO David Johnson - CFO Conference Call Participants Jeff Grampp - Alliance Global Partners Steve Ferazani - Sidoti & Company Blake McLean - Daniel Energy Partners Operator Greetings, and welcome to the Drilling Tools International Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Drilling Tools International Corporation (DTI) Q3 2024 Earnings Call Transcript

Drilling Tools International Corp. (DTI) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.14 per share a year ago.

Drilling Tools International Corp. (DTI) Beats Q3 Earnings Estimates

HOUSTON , Nov. 13, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, as well as other cutting-edge solutions across the well life cycle, today reported its 2024 third quarter results. DTI generated total consolidated revenue of $40.1 million in the third quarter of 2024.

Drilling Tools International Corp. Reports 2024 Third Quarter Results

Strategic acquisition enhances DTI's product offerings and strengthens its presence in the North Sea, European and African markets, leveraging Titan's customer relationships and expertise HOUSTON , Oct. 31, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it signed a definitive agreement on October 29, 2024 to acquire Titan Tools Services Ltd., a UK-based downhole tool rental company ("Titan"), for an undisclosed sum.

Drilling Tools International Corp. Signs Definitive Agreement to Acquire UK-Based Titan Tools Services Ltd., Expanding its Global Reach in Downhole Tool Services

HOUSTON , Oct. 23, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it plans to report 2024 third quarter financial results prior to the Company's live conference call, which can be accessed via dial-in or webcast, on Thursday, November 14, 2024 at 10:00 a.m. Eastern Time (9:00 a.m.

Drilling Tools International Corp. Announces 2024 Third Quarter Earnings Release and Conference Call Schedule

Further Demonstrates DTI's Commitment to Advancing the Directional Drilling Process with Innovative Tool Development and Global Expansion HOUSTON , Oct. 3, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it has closed on its acquisition of European Drilling Projects known as ED Projects (EDP), a global provider of next-generation stabilizers, specialty reamers, and wellbore optimization technology for the drilling industry. Terms of the transaction were not disclosed.

Drilling Tools International Corp. Completes Acquisition of Amsterdam-based European Drilling Projects

DTI offers balanced growth with a focus on well life cycle tools and services, despite short-term challenges from US energy activity slowdown. The acquisition of SDPI enhances DTI's geographic reach, reduces costs, and provides significant synergies, boosting long-term prospects. DTI's stock is undervalued compared to peers, with a potential upside, making it a "Buy" recommendation.

Drilling Tools International's Improving Drivers And Relative Undervaluation Are A Catch

HOUSTON , Aug. 27, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it will conduct investor meetings in New York City during the 2024 Barclays CEO Energy-Power Conference to be held September 3 rd through September 5 th. In conjunction with hosting one-on-one meetings with current and prospective investors, DTI's investor presentation will be accessible by visiting the Company's website at https://investors.drillingtools.com/news-events/presentations.

Drilling Tools International Corp. to Participate in the 2024 Barclays CEO Energy-Power Conference

HOUSTON , Aug. 13, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it will participate in the 2024 EnerCom Denver Energy Conference on August 19-21, 2024. The Company will make a presentation at 10:30 a.m.

Drilling Tools International Corp. to Webcast EnerCom Denver Energy Conference Presentation on August 20th at 10:30 a.m. EDT

Drilling Tools International Corporation (NASDAQ:DTI ) Q2 2024 Earnings Conference Call August 6, 2024 9:00 AM ET Company Participants Ken Dennard - IR Wayne Prejean - CEO David Johnson - CFO Jameson Parker - VP of Corporate Development Conference Call Participants Jeff Grampp - Alliance Global Partners Steve Ferazani - Sidoti John Daniel - John Daniel Energy Partners Operator Greetings and welcome to the Drilling Tools International Conference Call. At this time, all participants are in a listen-only mode.

Drilling Tools International Corporation (DTI) Q2 2024 Earnings Call Transcript

Drilling Tools International Corp. (DTI) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.05 per share a year ago.

Drilling Tools International Corp. (DTI) Lags Q2 Earnings and Revenue Estimates

Updates 2024 Guidance and Maintains Adjusted Free Cash Flow Outlook HOUSTON , Aug. 6, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it has closed on its acquisition of Superior Drilling Products, Inc. ("SDP") for total consideration paid in cash and DTI stock of approximately $32.2 million per the merger agreement, subject to purchase price accounting adjustments. DTI also reported today its 2024 second quarter results.

Drilling Tools International Corp. Closes on Acquisition of Superior Drilling Products, Inc.; Company Reports 2024 Second Quarter Results

Drilling Tools International Corp. (DTI) was a big mover in Wednesday's session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Drilling Tools International Corp. (DTI): Can Its 7.3% Jump Turn into More Strength?

Superior Drilling Products

VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today announced that its shareholders voted to approve the acquisition of SDP by Drilling Tools International Corporation (“DTI”) (Nasdaq: DTI) at the special meeting of shareholders held yesterday. Troy Meier, SDP's Chairman and CEO, stated, “We are pleased to have reached this important milestone and appreciate the support o.

Superior Drilling Products Shareholders Approve Acquisition by Drilling Tools International

HOUSTON , July 29, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it plans to report 2024 second quarter financial results prior to the Company's live conference call, which can be accessed via dial-in or webcast, on Tuesday, August 6, 2024 at 9:00 a.m. Eastern Time (8:00 a.m.

Drilling Tools International Corp. Announces 2024 Second Quarter Earnings Release and Conference Call Schedule

HOUSTON and VERNAL, Utah , July 25, 2024 /PRNewswire/ -- Drilling Tools International Corporation (NASDAQ: DTI) ("DTI") and Superior Drilling Products, Inc. (NYSE: SDPI) ("SDPI") jointly announced today, that in connection with DTI's anticipated and pending acquisition of SDPI (the "Merger"), the deadline for SDPI shareholders to elect the form of merger consideration they wish to receive in the Merger has been set for 5:00 p.m., New York time, on July 29, 2024 (the "Election Deadline").

DTI and SDPI Announce Deadline for Election of Form of Merger Consideration

NEW ORLEANS , July 17, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

SUPERIOR DRILLING INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Superior Drilling Products, Inc. - SDPI

HOUSTON , June 10, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it expects to be added to the Russell 2000®, Russell 2500®, Russell 3000®, Russell Small Cap Completeness® Index and Russell Microcap® Index as part of the Russell Indexes' 2024 Annual Reconstitution later this month. DTI is expected to be added to these indexes after equity markets close on June 28, 2024 and is expected to begin trading as a component of these indexes when equity markets open on Monday, July 1, 2024.

Drilling Tools International Corp. Announces Expected Addition to Russell US Indexes

HOUSTON , June 5, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it will webcast its presentation at the Sidoti & Company June 2024 Small-Cap Virtual Conference. The Company's presentation will begin at 10:00 a.m.

Drilling Tools International Corp. to Webcast Sidoti Virtual Conference Investor Presentation on June 12th at 10:00 a.m. EDT

Drilling Tools International went public last year to take advantage of the consolidation trend in the drilling industry and increase its market share. More than 50% of DTI shares are owned by Hicks Private Equity, with management holding more than 10% of shares outstanding. DTI has shown better margins and return on invested capital compared to its peers while having a lower valuation.

DTI Has Better Margins And Lower Valuation Than Its Peers

VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today reported financial results for the first quarter ended March 31, 2024. On March 7, 2024, Drilling Tools International Corp. (“DTI”) (Nasdaq: DTI) and SDP jointly announced they have entered into a definitive agreement under which DTI agreed to acquire SDP for total consideration of approximately $32.2 million. The closin.

Superior Drilling Products Reports First Quarter 2024 Results

HOUSTON , May 13, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that DTI's senior management will be participating in several upcoming investor conferences during the second quarter. A copy of the investor presentation will be accessible on the Investor Relations section of the Company's website https://investors.drillingtools.com/news-events/presentations.

Drilling Tools International Corp. Announces Upcoming Investor Conference Schedule

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Superior Drilling Products, Inc. (the "Company") (NYSE: SDPI) to Drilling Tools International Corp. (NasdaqCM: DTI) for approximately $32.2 million in cash and Drilling Tools stock. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration.

SUPERIOR DRILLING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Superior Drilling Products, Inc. - SDPI

Drilling Tools International Corporation (NASDAQ:DTI ) Q1 2024 Earnings Conference Call May 10, 2024 11:00 AM ET Company Participants Ken Dennard - Investor Relations Wayne Prejean - Chief Executive Officer David Johnson - Chief Financial Officer Conference Call Participants Jeff Grampp - Alliance Global Partners Steve Ferazani - Sidoti & Company John Daniel - Daniel Energy Operator Greetings and welcome to the Drilling Tools International 2024 First Quarter Earnings Conference Call. At this time, all participants are on the listen-only mode.

Drilling Tools International Corporation (DTI) Q1 2024 Earnings Call Transcript

Company Reaffirms 2024 Outlook HOUSTON , May 9, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, as well as other cutting-edge solutions across the well life cycle, today reported 2024 first quarter results and reaffirmed its 2024 full year outlook. DTI generated total consolidated revenue of $37 million in the first quarter of 2024.

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