Drilling Tools International Corp. Reports 2024 Third Quarter Results
Drilling Tools International Corporation (DTI)
Company Research
Source: PR Newswire
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. Third quarter Tool Rental revenue was approximately $28.1 million and Product Sales revenue totaled $12.0 million. Total Operating Expenses were $35.8 million and Income from Operations was $4.3 million. Net Income and Adjusted Net Income(1) for the third quarter were $867,000 and $4.6 million, respectively. Diluted EPS and Adjusted Diluted EPS(1) for the third quarter were $0.03 and $0.14 per share, respectively. Third quarter Adjusted EBITDA(1) was $11.1 mil
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DTI
News
- Earnings Troubles May Signal Larger Issues for Drilling Tools International (NASDAQ:DTI) Shareholders [Yahoo! Finance]Yahoo! Finance
- Drilling Tools International Co. (NASDAQ: DTI) had its price target lowered by analysts at Alliance Global Partners from $7.50 to $5.50. They now have a "buy" rating on the stock.MarketBeat
- Drilling Tools International Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Drilling Tools International Corp. (DTI) Beats Q3 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
- Drilling Tools International Corp (DTI) Q3 2024 Earnings Report Preview: What to Expect [Yahoo! Finance]Yahoo! Finance
DTI
Earnings
- 11/13/24 - Beat
DTI
Sec Filings
- 11/27/24 - Form 4
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- DTI's page on the SEC website