SDPI - Earnings announcements

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.  First quarter Tool Rental net revenue was approximately $30 million and Product Sales net revenue t

Superior Drilling Products, Inc. (NYSE:SDPI) ("SDP" or "Company"), a designer and manufacturer of drilling tool technologies, today announced that it will release its fourth quarter and full year 2023 financial results before the opening of financial markets on Thursday, March 7, 2024. The Company will host a conference call and webcast that day to review the financial and operating results and discuss its corporate strategy and outlook. A question-and-answer session will follow. Fourth Quarter and Full Year 2023 Conference Call Thursday, March 7, 2024 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time) Phone: (201) 689-8470 Internet Webcast and accompanying slide presentation: sdpi.co

Third quarter revenue was $5.1 million Strengthened international technical support group to capitalize on significant near- and long-term opportunities Creating greater value of underlying operations to drive value for strategic initiatives effort Generated strong cash from operations of $3.2 million in the quarter and $4.1 million year-to-date compared with $1.3 million during the prior-year period Reaffirmed 2023 outlook Superior Drilling Products, Inc. (NYSE:SDPI) ("SDP" or the "Company"), a designer and manufacturer of drilling tool technologies, today reported financial results for the third quarter ended September 30, 2023. Troy Meier, Chairman and CEO, commented, "

Superior Drilling Products, Inc. (NYSE:SDPI) ("SDP" or "Company"), a designer and manufacturer of drilling tool technologies, today announced that it will release its third quarter 2023 financial results before the opening of financial markets on Thursday, November 9, 2023. The Company will host a conference call and webcast that day to review the financial and operating results and discuss its corporate strategy and outlook. A question-and-answer session will follow. Third Quarter 2023 Conference Call Thursday, November 9, 2023 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time) Phone: (201) 689-8470 Internet Webcast and accompanying slide presentation: sdpi.com A telephonic replay

Second quarter revenue rose $827 thousand, or 18%, to $5.4 million year-over-year Tool revenue grew 23% and Contract Services revenue was up 10% Strong operating leverage resulted in measurably improved operating income of $546 thousand, or 10.2% of sales; Operating income up over 4x year-over-year Achieved net income of $323 thousand or $0.01 per diluted share Adjusted EBITDA* of $1.2 million up 46% over prior-year period; Adjusted EBITDA margin expanded 430 basis points to 22.6% Opened new service and technology center in Dubai during the quarter 2023 outlook updated with revenue between $22 million to $24 million and Adjusted EBITDA* of $5.5 million to $6.5 million

Superior Drilling Products, Inc. (NYSE:SDPI) ("SDP" or "Company"), a designer and manufacturer of drilling tool technologies, today announced that it will release its second quarter 2023 financial results before the opening of financial markets on Monday, August 14, 2023. The Company will host a conference call and webcast that day to review the financial and operating results and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter 2023 Conference Call Monday, August 14, 2023 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time) Phone: (201) 689-8470 Internet Webcast and accompanying slide presentation: sdpi.com A telephonic replay will

First quarter revenue rose $2.2 million, or 52%, to a record $6.3 million over the prior-year period and was up 19.5% sequentially Tool revenue grew 54% and Contract Services revenue was up 49% Strong operating leverage resulted in measurably improved operating income of $1.4 million, or 21.9% of sales; Operating income nearly doubled sequentially Achieved net income of $1.5 million or $0.05 per diluted share Adjusted EBITDA* of $2.0 million nearly doubled; Adjusted EBITDA margin expanded 760 basis points to 32.1%, the highest level in recent history 2023 outlook reaffirmed with revenue between $24 million to $27 million and Adjusted EBITDA* of $6.5 million to $7.5 million

Superior Drilling Products, Inc. (NYSE:SDPI) ("SDP" or "Company"), a designer and manufacturer of drilling tool technologies, today announced that it will release its first quarter 2023 financial results before the opening of financial markets on Thursday, May 11, 2023. The Company will host a conference call and webcast that day to review the financial and operating results and discuss its corporate strategy and outlook. A question-and-answer session will follow. First Quarter 2023 Conference Call Thursday May 11, 2023 6:30 a.m. Mountain Time (8:30 a.m. Eastern Time) Phone: (201) 689-8470 Internet Webcast and accompanying slide presentation: www.sdpi.com A telephonic replay will be

Strong demand for SDP's flagship Drill-N-Ream® (DNR) wellbore conditioning tool and contract services for the manufacture and refurbishment of drill bits drove annual revenue growth of 43%, or $5.8 million, to $19.1 million Annual tool revenue grew 34% and Contract Services revenue was up 65% Fourth quarter revenue increased $1.3 million, or 33%, to $5.3 million over the prior-year period Strong operating leverage resulted in measurably improved annual operating income of $1.9 million, or 10.1% of sales, compared with an operating loss in 2021; Fourth quarter operating income increased to $701 thousand or 13.3% of sales Achieved net income of $1.1 million, or $0.04 per diluted sh

Superior Drilling Products, Inc. (NYSE:SDPI) ("SDP" or "Company"), a designer and manufacturer of drilling tool technologies, today announced that it will release its fourth quarter and full year 2022 financial results before the opening of financial markets on Friday, March 10 2023. The Company will host a conference call and webcast that day to review the financial and operating results and discuss its corporate strategy and outlook. A question-and-answer session will follow. Fourth Quarter and Full Year 2022 Conference Call Friday, March 10 2023 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time) Phone: (201) 689-8470 Internet Webcast and accompanying slide presentation: www.sdpi.com A

Unaudited preliminary 2022 revenue expected to be between $19.0 million and $19.2 million, in line with expectations when excluding international DNR tool fleet sale Unaudited preliminary fourth quarter revenue expected to be up approximately 33% Providing initial guidance for 2023: expect revenue in range of $24 million to $27 million International channel partner and distributor agreement under review Full year 2022 results to be announced pre-market Friday, March 10, 2023 followed by teleconference and webcast at 12:00 ET that day Superior Drilling Products, Inc. (NYSE:SDPI) ("SDP" or the "Company"), a designer and manufacturer of drilling tool technologies, today announced un

Third quarter revenue increased $1.6 million, or 45%, to $5.2 million over the prior-year period Tool revenue grew 43% and Contract Services revenue was up 51% Strong operating leverage resulted in net income of $639 thousand, or $0.02 per diluted share, compared with a loss in the prior-year period Adjusted EBITDA* was $1.5 million with a margin of 29.5%, up 560 basis points Ended the quarter with $2.0 million in cash and $7.5 million in shareholders' equity Subsequent to quarter-end, the Company paid off remaining $750 thousand on the Hard Rock note 2022 outlook includes the anticipated sale of the initial phase of the existing DNR tool fleet to support Middle East dem

Superior Drilling Products, Inc. (NYSE:SDPI) ("SDP" or "Company"), a designer and manufacturer of drilling tool technologies, today announced that it will release its third quarter 2022 financial results before the opening of financial markets on Friday, November 11, 2022. The Company will host a conference call and webcast that day to review the financial and operating results for the quarter and discuss its corporate strategy and outlook. A question-and-answer session will follow. Third Quarter 2022 Conference Call Friday, November 11, 2022 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time) Phone: (201) 689-8470 Webcast and accompanying slide presentation: www.sdpi.com A telephonic re

Second quarter revenue increased $1.1 million, or 34%, to $4.5 million over the prior-year period Tool revenue grew 27% over the prior-year period and Contract Services revenue was up 47% Strengthening balance sheet with $2.8 million in cash and $6.7 million in shareholders' equity at quarter-end Secured strategic International channel partner in the Middle East and North Africa The Company expects 2022 revenue of between $22 million to $25 million and Adjusted EBITDA* of $6 million to $8 million, which includes the impact of the sale of the initial phase of the existing DNR tool fleet to support Middle East demand. *Adjusted EBITDA is a non-GAAP measure. See the Forward Looking

Superior Drilling Products, Inc. (NYSE:SDPI) ("SDP" or "Company"), a designer and manufacturer of drilling tool technologies, today announced that it will release its second quarter 2022 financial results before the opening of financial markets on Friday, August 12, 2022. The Company will host a conference call and webcast that day to review the financial and operating results for the quarter and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter 2022 Conference Call Friday, August 12, 2022 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time) Phone: (201) 689-8470 Webcast and accompanying slide presentation: www.sdpi.com A telephonic repl

Demonstrated innovation and expertise to outpace the oil & gas industry recovery by adding new lines of business through expanded relationships with current customers and also adding new customers First quarter revenue rose $1.7 million to $4.1 million over the prior-year period and was up 4.5% sequentially on strong demand and as production capacity improved with staffing efficiencies Tool revenue grew 66% over the prior-year period and Contract Services revenue was up 79% Achieved net income of $150 thousand and Adjusted EBITDA* of $1.0 million or 24.5% as a percent of revenue Strengthened balance sheet: $2.9 million of cash and $6.5 million in shareholders' equity at quarter-end

Superior Drilling Products, Inc. (NYSE:SDPI) ("SDP" or "Company"), a designer and manufacturer of drilling tool technologies, today announced that it will release its first quarter 2022 financial results before the opening of financial markets on Friday, May 13, 2022. The Company will host a conference call and webcast that day to review the financial and operating results for the quarter and discuss its corporate strategy and outlook. A question-and-answer session will follow. First Quarter 2022 Conference Call Friday, May 13, 2022 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time) Phone: (201) 689-8470 Webcast and accompanying slide presentation: www.sdpi.com A telephonic replay will

 Fourth quarter revenue grew to $4.0 million, up over 2.5 times over the prior-year period and up 11% sequentially Revenue for 2021 increased 27% to $13.3 million driven by strong demand for SDP's flagship Drill-N-Ream® wellbore conditioning tool and the significant recovery in oil & gas production in North America Achieved net income of $645 thousand for the quarter and Adjusted EBITDA* of $827 thousand, or 20.9% as a percent of revenue Ended year with $6.1 million in shareholders' equity *Adjusted EBITDA is a non-GAAP measure. See comments regarding the use of non-GAAP measures and the reconciliation of GAAP to non-GAAP measures in the tables of this release Superior Drilling Pr

Superior Drilling Products, Inc. (NYSE:SDPI) ("SDP" or "Company"), a designer and manufacturer of drilling tool technologies, today announced that it will release its fourth quarter 2021 financial results before the opening of financial markets on Friday, March 11, 2022. The Company will host a conference call and webcast that day to review the financial and operating results for the quarter and discuss its corporate strategy and outlook. A question-and-answer session will follow. Fourth Quarter 2021 Conference Call Friday, March 11, 2022 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time) Phone: (201) 689-8470 Internet Webcast and accompanying slide presentation: www.sdpi.com A telephon

Third quarter revenue grew to $3.6 million, up $2.0 million over the prior-year period and up $163 thousand sequentially North America revenue was up 172% and International revenue increased 22% over prior-year period on greater market penetration and improving market conditions Achieved break-even earnings per diluted share with net loss of $6 thousand compared with net loss of $1.7 million Adjusted EBITDA* was $853 thousand or 23.9% as a percent of revenue Strengthened balance sheet subsequent to quarter end with $1.7 million of net proceeds from offering *Adjusted EBITDA is a non-GAAP measure. See comments regarding the use of non-GAAP measures and the reconciliation of GAAP t

Superior Drilling Products, Inc. (NYSE:SDPI) ("SDP" or "Company"), a designer and manufacturer of drilling tool technologies, today announced that it will release its third quarter 2021 financial results before the opening of financial markets on Friday, November 12, 2021. The Company will host a conference call and webcast that day to review the financial and operating results for the quarter and discuss its corporate strategy and outlook. A question-and-answer session will follow. Third Quarter 2021 Conference Call Friday, November 12, 2021 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time) Phone: (201) 689-8470 Internet Webcast and accompanying slide presentation: www.sdpi.com A tele

Second quarter revenue grew to $3.4 million, up $1.0 million over the trailing first quarter and up $1.4 million over prior-year period Rig efficiencies drive higher levels of drilling activity with more wells and greater footage even as rig count stabilizes Gaining global market share with presence on more rigs; North America revenue was up 74% and International revenue increased 37% over prior-year period Cost savings efforts and higher volume drove positive cash generation from operations; ended quarter with $2.7 million of cash on hand Achieved break-even earnings per diluted share with net loss of $67 thousand; Adjusted EBITDA* was $1.0 million, or 28.2% as a percent of revenu

Superior Drilling Products, Inc. (NYSE:SDPI) ("SDP" or "Company"), a designer and manufacturer of drilling tool technologies, today announced that it will release its second quarter 2021 financial results before the opening of financial markets on Friday, August 13, 2021. The Company will host a conference call and webcast that day to review the financial and operating results for the quarter and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter 2021 Conference Call Friday, August 13, 2021 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time) Phone: (201) 689-8470 Internet Webcast and accompanying slide presentation: www.sdpi.com A teleph