Drilling tools international corp. updates estimated 2024 full year financial outlook

Announces fourth quarter and full year 2024 earnings release and conference call schedule houston , feb. 20, 2025 /prnewswire/ -- drilling tools international corp., (nasdaq: dti) ("dti" or the "company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, as well as other cutting-edge solutions across the well life cycle, today updated its estimated 2024 full year financial outlook. updated full year 2024 financial outlook 2024 revenue to be at the high-end of previously disclosed guidance 2024 adjusted ebitda to be near the midpoint of previously disclosed guidance 2024 adjusted net income to be above the high-end of previously disclosed guidance 2024 adjusted free cash flow to be more than double the prior year period commenting on the company's updated 2024 financial outlook, wayne prejean, dti's chief executive officer, stated, "i am pleased with the strong execution by our teams in the fourth quarter to close out 2024 despite a challenging demand environment in our industry.
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