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Stock impact report

Drilling Tools International Provides Preliminary Estimates of 2023 Full Year Results [Yahoo! Finance]

Superior Drilling Products, Inc. (SDPI) 
NASDAQ:AMEX Investor Relations: sdpi.com
Company Research Source: Yahoo! Finance
HOUSTON March 7, 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 provided preliminary estimate ranges for selected 2023 full year results. Wayne Prejean , CEO of DTI, stated, "After initial review, we are providing preliminary estimates of our 2023 full year results as follows: Preliminary Estimates for 2023 Full Year Results (Unaudited) Estimated Revenue $150 MM – $154 MM Estimated Net Income $14.6 MM – $14.9 MM Estimated Adjusted EBITDA $50 MM – $52 MM Estimated Adjusted EBITDA Margin 33% – 34% Estimated Adjusted Free Cash Flow $7 MM – $8 MM Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Free Cash Flow are non-GAAP financial measures. See "Non-GAAP Financial Measures" at the end of this release for a d Show less Read more
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