Associated tags: Strider, SDP, PDC, Manufacturing, Oil, Gas, Energy, Other Manufacturing, Minerals, Natural Resources, Mining, SDPI, NYSE, Online shopping, DNR
Locations: UNITED STATES, NORTH AMERICA, UTAH, ME
NEW YORK, March 15, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers.
Key Points:
- NEW YORK, March 15, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers.
- Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies.
- Concerned shareholders are encouraged to contact Justin Kuehn, Esq., at [email protected] or call (833) 672-0814.
- Kuehn Law covers all case costs and does not charge its investor clients.
Machine Tools, Metalworking & Metallurgy,
Mining,
Minerals,
Oil,
Gas,
Manufacturing,
Natural Resources,
Energy,
Machinery,
International,
Table,
Capital expenditure,
DNR,
Composition,
Depreciation,
Adjustment,
Tax,
Pharmaceutical industry Revenue in North America, while up 6%, was constrained by the declining rig count and reduced tools sales in the fourth quarter.
Key Points:
- Revenue in North America, while up 6%, was constrained by the declining rig count and reduced tools sales in the fourth quarter.
- Included in the full year 2023 SG&A were $1.2 million of legal expenses due to continuing litigation for the Company’s patent infringement lawsuit.
- Net income for 2023 included the $6.4 million valuation allowance release during the fourth quarter.
- Contract Services revenue is comprised of repair and manufacturing services for drill bits and other tools or products for customers.
Retrieved on:
Thursday, February 22, 2024
Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its fourth quarter and full year 2023 financial results before the opening of financial markets on Thursday, March 7, 2024.
Key Points:
- Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its fourth quarter and full year 2023 financial results before the opening of financial markets on Thursday, March 7, 2024.
- The Company will host a conference call and webcast that day to review the financial and operating results and discuss its corporate strategy and outlook.
- Internet Webcast and accompanying slide presentation: sdpi.com
A telephonic replay will be available from 2:00 p.m. MT (4:00 p.m.
- The webcast replay can be accessed via the investor relations section at sdpi.com , where a transcript will also be posted once available.
Retrieved on:
Thursday, November 9, 2023
Machine Tools, Metalworking & Metallurgy,
Mining,
Minerals,
Oil,
Gas,
Manufacturing,
Natural Resources,
Energy,
Other Manufacturing,
Adjustment,
National Association,
Composition,
Tax,
SDP,
SG,
EBITDA,
Zenith Contract Services,
Webcast,
Depreciation,
Capital expenditure,
Table,
DNR,
Capital,
Bookkeeping,
Pharmaceutical industry,
Bank During the third quarter of 2023, the Company received $199 thousand from a non-management shareholder due to short-swing SEC profit rules.
Key Points:
- During the third quarter of 2023, the Company received $199 thousand from a non-management shareholder due to short-swing SEC profit rules.
- Partially offsetting those gains was a $43 thousand expense due to an early redemption fee as part of the Company’s debt refinancing during the quarter.
- Reaffirmed 2023 guidance (As of November 9, 2023)
1See “Forward Looking Non-GAAP Financial Measures” below for additional information about this non-GAAP measure.
- Contract Services revenue is comprised of repair and manufacturing services for drill bits and other tools or products for customers.
Retrieved on:
Thursday, October 26, 2023
Oil,
Gas,
Natural Resources,
Other Manufacturing,
Energy,
Machinery,
Machine Tools, Metalworking & Metallurgy,
Mining,
Minerals,
Manufacturing,
NYSE,
SDPI,
Online shopping Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its third quarter 2023 financial results before the opening of financial markets on Thursday, November 9, 2023.
Key Points:
- Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its third quarter 2023 financial results before the opening of financial markets on Thursday, November 9, 2023.
- The Company will host a conference call and webcast that day to review the financial and operating results and discuss its corporate strategy and outlook.
- Internet Webcast and accompanying slide presentation: sdpi.com
A telephonic replay will be available from 2:00 p.m. MT (4:00 p.m.
- ET) the day of the teleconference until Thursday, November 23, 2023.
Mining,
Minerals,
Oil,
Gas,
Manufacturing,
Energy,
Natural Resources,
Machinery,
Capital expenditure,
SG,
Table,
General Administration of Press and Publication,
Tax,
Public expenditure,
EBITDA,
Patent,
Investment,
Depreciation,
National Association,
Adjustment,
DNR,
Bookkeeping See the attached tables for important disclosures regarding SDP’s use of Adjusted EBITDA, as well as a reconciliation of net income to Adjusted EBITDA.
Key Points:
- See the attached tables for important disclosures regarding SDP’s use of Adjusted EBITDA, as well as a reconciliation of net income to Adjusted EBITDA.
- When comparing with the prior-year second quarter, higher volume, improved processes and operational efficiencies drove enhanced leverage despite continued investments in people and higher legal expenses.
- The Company expects capital spending for fiscal 2023 to range between $3.5 million to $4.0 million.
- 2023 guidance updated to account for decline in the U.S. rig count and additional patent infringement litigation costs
Retrieved on:
Wednesday, August 2, 2023
Mining,
Minerals,
Oil,
Gas,
Manufacturing,
Energy,
Natural Resources,
Other Manufacturing,
SDPI,
National Association,
NYSE,
Bank,
Credit The proceeds from the receivables program were used to repay the full amount outstanding under the Company’s existing credit agreement.
Key Points:
- The proceeds from the receivables program were used to repay the full amount outstanding under the Company’s existing credit agreement.
- The funds available through the term loan and the revolving line can be used for working capital and growth capital purposes.
- The interest rate on the revolving line will be the greater of prime plus 1.00% or 7.50%.
- The face amount of the accounts that may be purchased cannot exceed $2.5 million under the domestic agreement and $2.0 million under the international agreement.
Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its second quarter 2023 financial results before the opening of financial markets on Monday, August 14, 2023.
Key Points:
- Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its second quarter 2023 financial results before the opening of financial markets on Monday, August 14, 2023.
- The Company will host a conference call and webcast that day to review the financial and operating results and discuss its corporate strategy and outlook.
- Internet Webcast and accompanying slide presentation: sdpi.com
A telephonic replay will be available from 2:00 p.m. MT (4:00 p.m.
- ET) the day of the teleconference until Monday, August 28, 2023.
Mining,
Minerals,
Oil,
Gas,
Manufacturing,
Energy,
Natural Resources,
Other Manufacturing,
SDPI,
Disclosure,
NYSE,
Retail Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, announced that it has retained Piper Sandler & Co. as its financial advisor to investigate a range of strategic alternatives with the intent to maximize shareholder value.
Key Points:
- Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, announced that it has retained Piper Sandler & Co. as its financial advisor to investigate a range of strategic alternatives with the intent to maximize shareholder value.
- As part of the process, the Company’s Board of Directors will consider a full range of strategic alternatives, including sales, acquisitions, mergers, divestiture of assets, or other strategic transactions.
- There can be no assurance that any offers will be made or accepted, that any agreement will be executed, or that any transaction will be consummated, in connection with the strategic alternatives process.
- The Company has not set a timetable for the conclusion of its review of potential alternatives, and does not intend to make further announcements about the process unless and until the Board has approved a specific transaction or otherwise determines that further disclosure is appropriate or necessary.
Mining,
Minerals,
Oil,
Gas,
Manufacturing,
Energy,
Natural Resources,
Other Manufacturing,
Capital expenditure,
SG,
Table,
General Administration of Sport of China,
Tax,
Composition,
EBITDA,
Investment,
Depreciation,
Webcast,
Adjustment,
Zenith Contract Services,
DNR,
Bookkeeping,
Pharmaceutical industry Selling, general & administrative (SG&A) expenses were 37.2% of revenue, down 270 basis points year-over-year, and down 200 basis points sequentially.
Key Points:
- Selling, general & administrative (SG&A) expenses were 37.2% of revenue, down 270 basis points year-over-year, and down 200 basis points sequentially.
- Cash generated by operations for the quarter was $1.0 million compared with $1.1 million in the year-ago period.
- The Company has revised its expected capital spending for fiscal 2023 to range between $3.5 million to $4.0 million, from the previous expected range of $3.0 million to $3.5 million.
- Contract Services revenue is comprised of repair and manufacturing services for drill bits and other tools or products for customers.
