| Drilling Tools International Corporation (DTI) Q1 2025 Earnings Call Transcript |
Drilling Tools International Corporation (NASDAQ:DTI ) Q1 2025 Earnings Conference Call May 14, 2025 10:00 AM ET Company Participants Ken Dennard - Investor Relations Wayne Prejean - Chief Executive Officer David Johnson - Chief Financial Officer Conference Call Participants Steve Ferazani - Sidoti & Company Josh Jayne - Daniel Energy Partners Operator Greetings. And welcome to the Drilling Tools International First Quarter 2025 Earnings Conference Call. |
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2025-05-14 16:07:41 |
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| Drilling Tools International Corp. (DTI) Misses Q1 Earnings Estimates |
Drilling Tools International Corp. (DTI) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.13 per share a year ago. |
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2025-05-13 22:35:34 |
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| Drilling Tools International Corp. Reports 2025 First Quarter Results |
Board Authorizes a $10 Million Share Repurchase Program HOUSTON , May 13, 2025 /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 results for the three months ended March 31, 2025. DTI generated total consolidated revenue of $42.9 million in the first quarter of 2025. |
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2025-05-13 20:15:00 |
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| Drilling Tools International Corp. Announces 2025 First Quarter Earnings Release and Conference Call Schedule |
HOUSTON , April 23, 2025 /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 2025 first quarter financial results prior to the Company's live conference call, which can be accessed via dial-in or webcast, on Wednesday, May 14, 2025 at 10:00 a.m. Eastern Time (9:00 a.m. |
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2025-04-23 20:15:00 |
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| Drilling Tools International Corporation (DTI) Q4 2024 Earnings Call Transcript |
Drilling Tools International Corporation (NASDAQ:DTI ) Q4 2024 Earnings Conference Call March 14, 2025 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 Sean Mitchell - Daniel Energy Partners Operator Greetings. Welcome to Drilling Tools International's 2024 Year End and Fourth Quarter Earnings Conference Call. |
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2025-03-14 20:51:35 |
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| Drilling Tools International Corp. (DTI) Surpasses Q4 Earnings and Revenue Estimates |
Drilling Tools International Corp. (DTI) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.13 per share a year ago. |
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2025-03-13 20:35:20 |
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| Drilling Tools International Corp. Reports 2024 Year End and Fourth Quarter Results |
Expects Continued Growth in 2025 Consolidated Revenue, Adjusted EBITDA and Adjusted Free Cash Flow International Revenue Projected to Grow Significantly in 2025 HOUSTON , March 13, 2025 /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 results for the twelve months and fourth quarter ended December 31, 2024. For the twelve months of 2024, DTI generated total consolidated revenue of $154.4 million. |
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2025-03-13 18:15:00 |
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| Drilling Tools International Corp. Announces March 2025 Investor Conference Schedule |
HOUSTON , March 3, 2025 /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 its participation in three upcoming investor conferences in March as outlined below. March 5-6, 2025 – DTI will be participating in the 5th Annual Thrive Energy Conference, hosted by Daniel Energy Partners, in Houston. |
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2025-03-03 18:15:00 |
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| DTI vs. AROC: Which Stock Is the Better Value Option? |
Investors interested in Oil and Gas - Field Services stocks are likely familiar with Drilling Tools International Corp. (DTI) and Archrock Inc. (AROC). But which of these two stocks is more attractive to value investors? |
zacks.com |
2025-02-24 14:45:51 |
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| Drilling Tools International Corp. Updates Estimated 2024 Full Year Financial Outlook |
Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Schedule HOUSTON , Feb. 20, 2025 /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 updated its estimated 2024 full year financial outlook. Updated Full Year 2024 Financial Outlook 2024 Revenue to be at the high-end of previously disclosed guidance 2024 Adjusted EBITDA to be near the midpoint of previously disclosed guidance 2024 Adjusted Net Income to be above the high-end of previously disclosed guidance 2024 Adjusted Free Cash Flow to be more than double the prior year period Commenting on the Company's updated 2024 financial outlook, Wayne Prejean, DTI's Chief Executive Officer, stated, "I am pleased with the strong execution by our teams in the fourth quarter to close out 2024 despite a challenging demand environment in our industry. |
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2025-02-20 09:00:00 |
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| DTI Acquires Titan Tools to Strengthen Drilling Services |
Drilling Tools International completes the Titan Tools acquisition, enhancing its global footprint and downhole drilling technology. |
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2025-01-07 08:46:17 |
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| Drilling Tools International Corp. Completes Acquisition of UK-Based Titan Tools Services Ltd. |
Completed acquisition bolsters DTI's technological capabilities and service offerings, creating a comprehensive solution provider for the global drilling industry HOUSTON , Jan. 2, 2025 /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 the successful completion of its previously announced acquisition of Titan Tools Services Ltd. ("Titan"), a UK-based downhole tool rental company. |
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2025-01-02 18:15:00 |
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| Drilling Tools International Corporation (DTI) Q3 2024 Earnings Call Transcript |
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. |
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2024-11-15 10:27:29 |
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| Drilling Tools International Corp. (DTI) Beats Q3 Earnings Estimates |
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. |
zacks.com |
2024-11-13 20:31:18 |
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| Drilling Tools International Corp. Reports 2024 Third Quarter Results |
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. |
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2024-11-13 18:15:00 |
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| Drilling Tools International Corp. Signs Definitive Agreement to Acquire UK-Based Titan Tools Services Ltd., Expanding its Global Reach in Downhole Tool Services |
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. |
prnewswire.com |
2024-10-31 10:00:00 |
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| Drilling Tools International Corp. Announces 2024 Third Quarter Earnings Release and Conference Call Schedule |
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. |
prnewswire.com |
2024-10-23 20:15:00 |
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| Drilling Tools International Corp. Completes Acquisition of Amsterdam-based European Drilling Projects |
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. |
prnewswire.com |
2024-10-03 11:00:00 |
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| Drilling Tools International's Improving Drivers And Relative Undervaluation Are A Catch |
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. |
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2024-09-14 06:21:45 |
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| Drilling Tools International Corp. to Participate in the 2024 Barclays CEO Energy-Power Conference |
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. |
prnewswire.com |
2024-08-27 20:15:00 |
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| Drilling Tools International Corp. to Webcast EnerCom Denver Energy Conference Presentation on August 20th at 10:30 a.m. EDT |
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. |
prnewswire.com |
2024-08-13 12:00:00 |
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| Drilling Tools International Corporation (DTI) Q2 2024 Earnings Call Transcript |
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. |
seekingalpha.com |
2024-08-11 01:38:10 |
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| Drilling Tools International Corp. (DTI) Lags Q2 Earnings and Revenue Estimates |
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. |
zacks.com |
2024-08-06 12:20:48 |
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| 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 , 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. |
prnewswire.com |
2024-08-06 10:00:00 |
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| Strength Seen in Drilling Tools International Corp. (DTI): Can Its 7.3% Jump Turn into More Strength? |
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. |
zacks.com |
2024-08-02 08:40:19 |
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| Drilling Tools International Corp. Announces 2024 Second Quarter Earnings Release and Conference Call Schedule |
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. |
prnewswire.com |
2024-07-29 20:15:00 |
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| 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 |
NEW ORLEANS , July 17, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. |
prnewswire.com |
2024-07-18 01:20:00 |
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| Drilling Tools International Corp. Announces Expected Addition to Russell US Indexes |
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. |
prnewswire.com |
2024-06-10 11:00:00 |
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| Drilling Tools International Corp. to Webcast Sidoti Virtual Conference Investor Presentation on June 12th at 10:00 a.m. EDT |
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. |
prnewswire.com |
2024-06-05 20:15:00 |
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| DTI Has Better Margins And Lower Valuation Than Its Peers |
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. |
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2024-05-15 14:33:22 |
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| Superior Drilling Products Reports First Quarter 2024 Results |
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. |
businesswire.com |
2024-05-14 10:30:00 |
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