Drilling Tools International Corp. Reports 2023 Full Year and Fourth Quarter Results
Drilling Tools International Corporation (DTI)
Company Research
Source: PR Newswire
Company Provides 2024 Full Year OutlookEstimated adjusted free cash flow to more than double in 2024 HOUSTON, March 27, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, today reported its 2023 full year results and provided its 2024 full year outlook.2023 Full Year HighlightsRevenue $152 millionNet Income $14.7 millionAdjusted EBITDA(1) $51 millionAdjusted EBITDA Margin(1) 33.6 %Adjusted Free Cash Flow(1)(2) $7.3 millionWayne Prejean, CEO of DTI, stated, "We are pleased to re
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News
- Drilling Tools International Corp. Announces Upcoming Investor Conference SchedulePR Newswire
- Drilling Tools International Corp. Announces 2024 First Quarter Earnings Release and Conference Call SchedulePR Newswire
- Drilling Tools International Corp. Amends and Extends ABL Credit Facility and Enters into New Term LoanPR Newswire
- Drilling Tools International Corp. Closes on Acquisition of Deep Casing ToolsPR Newswire
- Drilling Tools International Corp. (NASDAQ: DTI) is now covered by analysts at Jefferies Financial Group Inc.. They set a "hold" rating and a $3.00 price target on the stock.MarketBeat