Drilling Tools International (DTI)

Search documents
Drilling Tools International Corp. (DTI) Lags Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-06 12:20
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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this company would post earnings of $0.15 per share when it actually produced earnings of $0.13, delivering a surprise of -13.33%. Over the last four ...
Drilling Tools International (DTI) - 2024 Q2 - Quarterly Results
2024-08-06 10:20
Exhibit 99.1 NEWS RELEASE Drilling Tools International Corp. Closes on Acquisition of Superior Drilling Products, Inc.; Company Reports 2024 Second Quarter Results Updates 2024 Guidance and Maintains Adjusted Free Cash Flow Outlook HOUSTON — August 6, 2024 — 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 ...
Drilling Tools International Corp. Closes on Acquisition of Superior Drilling Products, Inc.; Company Reports 2024 Second Quarter Results
Prnewswire· 2024-08-06 10:00
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 Drilli ...
Strength Seen in Drilling Tools International Corp. (DTI): Can Its 7.3% Jump Turn into More Strength?
ZACKS· 2024-08-02 08:40
Drilling Tools International Corp. (DTI) shares ended 7.3% higher at $5.72 on Jul 31, 2024. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.4% loss over the past four weeks. The bullishness can be attributed to DTI's upcoming merger with Superior Drilling Products, Inc., which could be seen as a value-adding move, potentially increasing market share and operational efficiencies. The oilfield services company manu ...
Drilling Tools International Corp. Announces 2024 Second Quarter Earnings Release and Conference Call Schedule
Prnewswire· 2024-07-29 20:15
What: Drilling Tools International 2024 Second Quarter Conference Call When: Tuesday, August 6, 2024 at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time How: Live via phone – By dialing 1-862-298-0702 and asking for the DTI call at least 10 minutes prior to the start time, or Live Webcast – By logging onto the webcast at the address below Where: https://investors.drillingtools.com/news-events/events About Drilling Tools International Corp. Contact: DTI Investor Relations Ken Dennard / Rick Black [email prote ...
DTI and SDPI Announce Deadline for Election of Form of Merger Consideration
Prnewswire· 2024-07-25 10:00
To make an election, all SDPI shareholders who have not previously made their cash, stock, or mixed consideration elections, or who wish to revoke a prior election and make a new election, must submit their properly completed and signed election forms with respect to their shares, together with all required documents and materials set forth in the election form and the instructions thereto, to Broadridge Financial Solutions, Inc. (the "Exchange Agent"), the exchange agent for the Merger, by the Election Dea ...
Drilling Tools International Corp. Announces Expected Addition to Russell US Indexes
Prnewswire· 2024-06-10 11:00
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 Ca ...
Drilling Tools International Corp. to Webcast Sidoti Virtual Conference Investor Presentation on June 12th at 10:00 a.m. EDT
Prnewswire· 2024-06-05 20:15
DTI is a Houston, Texas based leading oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. With roots dating back to 1984, DTI now operates from 16 service and support centers across North America and maintains 7 international service and support centers across Europe and the Middle East. To learn more about DTI, please visit: www.drillingtools.com. Contact: HOUSTON, June 5, 2024 /PRNewswire/ -- Drilling Tools ...
Drilling Tools International (DTI) - 2024 Q1 - Quarterly Report
2024-05-15 19:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) | Delaware | 87-2488708 | | --- | --- | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | | 3701 Briarpark Drive | | | Suite 150 | | | Houston, Texas | 77042 | | (Address of principal executive offices) | (Zip Code) | | Registrant's telephone number, including area code: (832) 742-8500 | | Securities registered pursuant to Section 12(b) of the Act: | | Trading | ...
DTI Has Better Margins And Lower Valuation Than Its Peers
Seeking Alpha· 2024-05-15 14:33
The main reason DTI went public was to take advantage of the consolidation opportunity exist in the E&P sector. Therefore, the main driver for DTI's growth is expected to be M&A. The stated goal is to use this strategy and double or even triple the size of DTI in the coming years. sasacvetkovic33 Investment Thesis Drilling Tools International (NASDAQ:DTI) aims to grow by following buy-and-build strategy. The business has better margins compared to its peers, higher return on invested capital, and lower valu ...