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Stock impact report

Superior Drilling Products Reports First Quarter 2024 Results

Superior Drilling Products, Inc. (SDPI) 
NASDAQ:AMEX Investor Relations: sdpi.com
Company Research Source: Business Wire
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 $32.2 million. The closing of the transaction is expected to occur in the third quarter of 2024.First Quarter 2024 Revenue Review (See at “Definitions” the composition of product/service revenue categories.)($ in thousands)March 31,2024December 31,2023March 31,2023ChangeSequentialChangeYear/YearNorth America$4,249$3,639$5,47516.8%(22.4)%International 697 Show less Read more
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