Group 1: Earnings Performance - Drilling Tools International Corp. (DTI) reported quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.12 per share, representing an earnings surprise of -16.67% [1] - The company posted revenues of $37.53 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 12.14%, compared to year-ago revenues of $37.91 million [2] - Over the last four quarters, the company has not surpassed consensus EPS or revenue estimates [2] Group 2: Stock Performance and Outlook - DTI shares have increased approximately 42.8% since the beginning of the year, outperforming the S&P 500's gain of 8.7% [3] - The current consensus EPS estimate for the coming quarter is $0.16 on revenues of $45.88 million, and for the current fiscal year, it is $0.62 on revenues of $176.39 million [7] - The estimate revisions trend for DTI is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Group 3: Industry Context - The Oil and Gas - Field Services industry, to which DTI belongs, is currently in the bottom 15% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5]

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 ...

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 ...

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 ...

Core Points - Drilling Tools International Corp. (DTI) plans to report its 2024 second quarter financial results on August 6, 2024, at 9:00 a.m. Eastern Time [5] - The conference call will be accessible via phone or live webcast, with a replay available until August 13, 2024 [2][5] - DTI is a leading oilfield services company based in Houston, Texas, specializing in manufacturing and renting downhole drilling tools for horizontal and directional drilling [3][5] Company Overview - DTI has been operational since 1984 and currently operates 16 service and support centers in North America, along with 7 international centers in Europe and the Middle East [3] - The company focuses on providing a differentiated, rental-focused offering of tools for both onshore and offshore drilling operations [5]

Company Overview - Superior Drilling Products, Inc. (SDPI) is an innovative drilling tool technology company that provides cost-saving solutions to enhance production efficiencies in the oil and natural gas drilling industry. The company designs, manufactures, repairs, and sells drilling tools, including patented technologies like Drill-N-Ream® and Strider™ oscillation system [3][11] - Drilling Tools International Corporation (DTI) is a leading oilfield services company based in Houston, Texas, specializing in the manufacture and rental of downhole drilling tools for horizontal and directional drilling. DTI operates 16 service centers in North America and 7 international centers, maintaining a fleet of over 65,000 tools [20] Merger Details - DTI is in the process of acquiring SDPI, with the deadline for SDPI shareholders to elect their preferred form of merger consideration set for July 29, 2024. The merger is expected to close on August 1, 2024, pending shareholder approval [18][19] - Shareholders of SDPI can choose between receiving either 0.313 shares of DTI common stock or $1.00 in cash for each share of SDPI common stock they own. The total number of shares issued will be subject to proration based on shareholder elections [9][19] Election Process - SDPI shareholders who have not made an election or wish to change their previous election must submit completed election forms to the Exchange Agent, Broadridge Financial Solutions, Inc., by the Election Deadline [1][8] - Shareholders holding shares through banks or brokers may face earlier deadlines and should follow specific instructions from their financial institutions [1] Regulatory Filings - DTI has filed a registration statement on Form S4 with the SEC, which includes a prospectus and proxy statement related to the merger. Shareholders are encouraged to read these documents carefully as they contain important information regarding the transaction [11][12]

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 ...

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 ...

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 | ...

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 ...