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0.0202943800178411 0.0202943800178411 0.0202943800178411 0.0202943800178411 0.0258697591436216 0.0202943800178411 -0.0187332738626227 -0.0186217662801071
Stock impact report

Drilling Tools International Corp. Reports 2023 Full Year and Fourth Quarter Results [Yahoo! Finance]

Superior Drilling Products, Inc. (SDPI) 
NASDAQ:AMEX Investor Relations: sdpi.com
Company Research Source: Yahoo! Finance
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 Highlights Revenue $152 million Net Income $14.7 million Adjusted EBITDA $51 million Adjusted EBITDA Margin 33.6 % Adjusted Free Cash Flow $7.3 million Wayne Prejean , CEO of DTI, stated, "We are pleased to report that after only eight months as a public company, we are successfully implementing the strategic plans we outlined during our public offering. On top of reporting robust results for 2023, we have been extremely active since year end by: 1) entering into a definitive agreement to acquire Superior Drilling Products, Inc. (NYSE American: SDPI) ("SDP") Show less Read more
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