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Stock impact report

DAWSON GEOPHYSICAL REPORTS SECOND QUARTER 2024 RESULTS

Dawson Geophysical Company (DWSN) 
Last dawson geophysical company earnings: 8/1 06:00 am Check Earnings Report
Company Research Source: PR Newswire
MIDLAND, Texas, Aug. 12, 2024 /PRNewswire/ -- Dawson Geophysical Company (NASDAQ: DWSN) (the "Company") today reported unaudited financial results for its second quarter ended June 30, 2024.Management CommentTony Clark, Dawson's President and CEO, commented, "We began the quarter with two crews operating in the United States, and dropped to one crew in late May. We reacted quickly to the softness in our calendar and reduced headcount to one crew to conserve our cash flows during this time. We have strategically adjusted our bidding and marketing process to improve our utilization throughout the year going forward. We expect to ramp up our activity later in the third quarter of this year improving our utilization, revenues and operating cash flows. We are continually evaluating our performance as an organization and believe that we are positioned to capitalize on the opportunities in our industry."Second Quarter and Year-to-Date ResultsFor the second quarter ended June 30, 2024, the Co Show less Read more
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