Superior Drilling Prods (AMEX:SDPI) reported quarterly sales of $5.05 million which missed the analyst consensus estimate of $5.80 million by 12.90 percent. This is a 2.34 percent decrease over sales of $5.17 million the same period last year.
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Superior Drilling Prods (AMEX:SDPI) reported quarterly sales of $4.273 million which missed the analyst consensus estimate of $5.600 million by 23.70 percent. This is a 18.67 percent decrease over sales of $5.254 million the same period last year.
Drilling Tools Intl (NASDAQ:DTI) has announced an acquisition of Superior Drilling Prods (AMEX:SDPI) that is expected to be completed in Q3 of 2024. Under the terms of the agreement, Drilling Tools Intl has agreed to give Superior Drilling Prods $32.20 million in cash & stock in exchange for SDPI stock. About The Companies Involved Drilling Tools International Corp Formerly Drilling Tools International Holdings Inc is an oilfield services company. It manufactures, rents, inspects, and refurbishes downhole drilling tools primarily for companies in the oil and natural gas industry for bottom hole assemblies used in onshore and offshore horizontal and directional drilling. Superior Drilling Pro
4 - Superior Drilling Products, Inc. (0001600422) (Issuer)
4 - Superior Drilling Products, Inc. (0001600422) (Issuer)
4 - Superior Drilling Products, Inc. (0001600422) (Issuer)
EFFECT - Superior Drilling Products, Inc. (0001600422) (Filer)
EFFECT - Superior Drilling Products, Inc. (0001600422) (Filer)
25-NSE - Superior Drilling Products, Inc. (0001600422) (Subject)
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, "
HOUSTON, March 18, 2024 /PRNewswire/ -- Drilling Tools International Corp. ("DTI" or the "Company") (NASDAQ:DTI), today announced it has closed on the acquisition of UK-based Deep Casing Tools ("DCT"), a global leader in innovative downhole technology solutions. Details of the transaction were not disclosed. Deep Casing Tools specializes in the design, engineering and manufacture of a range of patented and innovative products that add value to well construction, well completion and casing installation processes. Since 2012, Deep Casing Tools has supported operators within the energy sector globally, including areas within the Middle East as well as Europe, America and Asia. The firm was est
SC 13D/A - Superior Drilling Products, Inc. (0001600422) (Subject)
SC 13D/A - Superior Drilling Products, Inc. (0001600422) (Subject)
SC 13D/A - Superior Drilling Products, Inc. (0001600422) (Subject)
Superior Drilling Products, Inc. (NYSE:SDPI) ("SDPI") announced today the preliminary results of the elections made by holders of SDPI common stock regarding the form of merger consideration to be received in connection with the pending acquisition of SDPI (the "Transaction") of Drilling Tools International Corporation (NASDAQ:DTI) ("DTI"). On July 29, 2024, the shareholders of SDPI approved the transactions contemplated by the Agreement and Plan of Merger entered into on March 6, 2024 among DTI, SDPI, DTI Merger Sub I, Inc., a Delaware corporation and direct wholly owned subsidiary of DTI ("Merger Sub I"), and DTI Merger Sub II, LLC, a Delaware limited liability company and direct wholly
Superior Drilling Products, Inc. (NYSE: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 of our shareholders. Their confidence reflects a shared recognition of the tremendous opportunities ahead as a combined company. We are committed to ensuring a seamless transition and are excited to embark on this new chapter." More than 9
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"). If the SDPI shareholders approve the Merger at the upcoming special meeting expected to be held July 29, 2024, DTI and SDPI expect that the Merger will close on August 1, 2024 (the "Closing Date"). If the Closi