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Stock impact report

Drilling Tools International Corp. Reports 2024 Year End and Fourth Quarter Results

Drilling Tools International Corporation (DTI) 
Company Research Source: PR Newswire
Expects Continued Growth in 2025 Consolidated Revenue, Adjusted EBITDA and Adjusted Free Cash Flow  International Revenue Projected to Grow Significantly in 2025HOUSTON, March 13, 2025 /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 results for the twelve months and fourth quarter ended December 31, 2024.For the twelve months of 2024, DTI generated total consolidated revenue of $154.4 million. 2024 Tool Rental revenue was approximately $117.9 million and Product Sales revenue totaled $36.5 million. Total Operating Expenses were $141.0 million and Income from Operations was $13.4 million. Net Income and Adjusted Net Income(1) for 2024 were $3.0 mil Show less Read more
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