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Superior Drilling Products Inc - SDPI STOCK NEWS

Welcome to our dedicated news page for Superior Drilling Products (Ticker: SDPI), a resource for investors and traders seeking the latest updates and insights on Superior Drilling Products.

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 Superior Drilling Products'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 Superior Drilling Products's position in the market.

News
Drilling Tools International Corp. Reports 2023 Full Year and Fourth Quarter Results
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
earnings
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News
Drilling Tools International Corp. Closes on Acquisition of Deep Casing Tools
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
acquisition
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News
Drilling Tools International Provides Preliminary Estimates of 2023 Full Year Results
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
News
Superior Drilling Products Reports Fourth Quarter and Full Year 2023 Results
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
earnings
-
News
Drilling Tools International Corp. to Acquire Superior Drilling Products, Inc.
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
acquisition
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News
Superior Drilling Products to Report Fourth Quarter and Full Year 2023 Financial Results and Host Conference Call on March 7
Rhea-AI Summary
Superior Drilling Products, Inc. (NYSE American: SDPI) will release its Q4 and full year 2023 financial results on March 7, 2024, followed by a conference call to discuss financial performance, corporate strategy, and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
Tags
conferences earnings
News
Superior Drilling Products Reports Third Quarter 2023 Results
Rhea-AI Summary
Superior Drilling Products, Inc. (NYSE American: SDPI) reported Q3 revenue of $5.1 million, with a strong cash flow of $3.2 million. The company is focusing on international expansion and reaffirmed its 2023 outlook, aiming to drive value for strategic initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.47%
Tags
earnings
-
News
Superior Drilling Products to Report Third Quarter 2023 Financial Results and Host Conference Call on November 9
Rhea-AI Summary
Superior Drilling Products, Inc. (SDPI) will release its Q3 2023 financial results on November 9, 2023. The Company will host a conference call and webcast to discuss its financial and operating results, corporate strategy, and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences earnings
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News
Superior Drilling Products, Inc. to Webcast Presentation at iAccess Alpha's Virtual Microcap Conference
Rhea-AI Summary
Superior Drilling Products, Inc. (SDPI) to present at iAccess Alpha's Virtual Microcap Conference on September 26 and 27, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.6%
Tags
conferences
News
Superior Drilling Products, Inc. Revenue Grew 18% to $5.4 million with Earnings per Share of $0.01 in Second Quarter 2023
Rhea-AI Summary
Superior Drilling Products, Inc. (NYSE American: SDPI) reported a strong second quarter with revenue up 18% year-over-year, reaching $5.4 million. Operating income improved to $546 thousand, and net income was $323 thousand. Adjusted EBITDA rose 46% to $1.2 million. The company opened a new service and technology center in Dubai and updated its 2023 outlook with revenue between $22 million to $24 million and Adjusted EBITDA of $5.5 million to $6.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.29%
Tags
earnings
Stock SDPI logo
Superior Drilling Products Inc

Nasdaq:SDPI

SDPI Rankings

#4873 Ranked by Market Cap
#1286 Ranked by Stock Gains
N/A Ranked by Dividends

SDPI Stock Data

33.48M
11.67M
68.09%
5.53%
0.14%
Oil and Gas Field Machinery and Equipment Manufacturing
Manufacturing
Link
US
Vernal

About SDPI

superior drilling products has been leading the industry as the most innovative and top-of-the-line pdc drill bit facility in the world for over 20 years. we are an innovative, cutting-edge remanufacturer of pdc (polycrystalline diamond compact) drill bits, and a designer and manufacturer of new drill bit and horizontal drill string enhancement tools for the oil, natural gas and mining services industry, headquartered in vernal, utah. our vision is to expand our market share and solidify our position as a leading drill component manufacturer in the oilfield services industry, by leveraging our industry-leading technology and design.