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Drilling Tools International Corporation - $DTI STOCK NEWS

Welcome to our dedicated page for Drilling Tools International Corporation news (Ticker: $DTI), a resource for investors and traders seeking the latest updates and insights on Drilling Tools International Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Drilling Tools International Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Drilling Tools International Corporation's position in the market.

Rhea-AI Summary
Drilling Tools International Corp. announces its 2024 first quarter earnings release and conference call schedule. The company plans to report financial results on May 10, 2024, followed by a live conference call accessible via phone or webcast. A replay and webcast archive will be available for those unable to participate live.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.66%
Tags
-
Rhea-AI Summary
Drilling Tools International Corp. (NASDAQ: DTI) reported its 2023 full year results and provided a promising 2024 full year outlook. The company's revenue reached $152 million, with net income at $14.7 million and adjusted EBITDA of $51 million. DTI aims to more than double its adjusted free cash flow in 2024, supported by strategic acquisitions and a strong rental model.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.74%
Tags
-
Rhea-AI Summary
Drilling Tools International Corp. (DTI) completes ABL Amendment to increase borrowing capacity to $80 million, extends maturity to 2029, and secures a new $25 million Term Loan with PNC Bank. The company aims to enhance financial flexibility, invest in growth, and expand internationally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
Tags
none
Rhea-AI Summary
Drilling Tools International Corp. (DTI) completes the acquisition of UK-based Deep Casing Tools, a leader in downhole technology solutions. Deep Casing Tools offers innovative products enhancing well construction processes globally. DTI aims to consolidate the oilfield services industry and expand internationally through strategic acquisitions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
Tags
-
Rhea-AI Summary
Drilling Tools International Corp. (DTI) announces preliminary estimates for selected 2023 full year results, showcasing strong financial performance. The CEO highlights successful execution of strategic plans post-public offering, emphasizing competitive advantages and growth opportunities. The pending acquisition of Superior Drilling Products, Inc. (SDPI) aims to drive innovation and increase shareholder value. The company plans to discuss fourth quarter and full year 2023 results and 2024 outlook in a conference call on March 28, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
Tags
none
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Rhea-AI Summary
Superior Drilling Products, Inc. (SDPI) announces acquisition by Drilling Tools International Corp. for approximately $32.2 million. The deal offers SDPI shareholders $1.00 in cash or 0.313 shares of DTI stock per SDPI share. The transaction aims to enhance growth, expand market reach, and provide opportunities for employees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
Tags
Rhea-AI Summary
DTI acquires SDP for $32.2 million in cash and stock, aiming to enhance global market presence and operational efficiencies. The merger combines DTI's sales channels with SDP's manufacturing expertise, expanding growth opportunities and driving innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.94%
Tags
-
Rhea-AI Summary
Drilling Tools International Corp. (DTI) Reports 3rd Quarter 2023 Financial and Operational Results, Net Revenue Up 4.4% to $38.1M, Adjusted EBITDA at $12.7M
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.27%
Tags
-
Drilling Tools International Corporation

Nasdaq:DTI

DTI Rankings

DTI Stock Data

163.43M
8.08M
73.77%
4.8%
0.05%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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