Drilling Tools International Corp. Announces 2024 Third Quarter Earnings Release and Conference Call Schedule
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 23 2024
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Source: PRnewswire
Upcoming Financial Results Announcement: Drilling Tools International Corp. will report its 2024 third quarter financial results on November 14, 2024, at 10:00 a.m. Eastern Time, with options to join via phone or webcast.
Company Overview: DTI is a Houston-based oilfield services company specializing in manufacturing and renting downhole drilling tools for horizontal and directional drilling, operating multiple service centers across North America and internationally.
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Analyst Views on DTI
About DTI
Drilling Tools International Corp. is a global oilfield services company that manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations. The Company's operating activities are divided into four divisions: Directional Tool Rentals, Premium Tools Division, Wellbore Optimization Tools, and Other Products & Services, including Downhole Inspection Solutions & Downhole Machining Solutions. Its primary products are bottom hole assembly components such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, roller reamers, as well as drill pipe and drill pipe accessories. In addition, the Company provides technology in its wellbore optimization business supplying the patented Drill-N-Ream (trademark) wellbore conditioning tool, and the patented RotoSteer (trademark), rotational steering tool. The Company operates from over 16 service and support centers across North America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Rich Industry Background: Green previously served as Managing Director at Piper Sandler, leading equity and debt activities in the energy sector, and his extensive investment banking experience is set to enhance DTI's competitiveness in capital markets.
- Strategic Growth Support: Green's appointment marks a key step in DTI's 2026 board refreshment plan, aimed at aligning board skills with the company's long-term strategy to drive sustained growth.
- Long-term Value Creation: Green expressed eagerness to leverage his energy capital markets experience to support DTI's objectives of long-term value creation through operational excellence and strategic acquisitions, further solidifying the company's reputation in the oilfield services industry.
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