Earnings Call Summary | Drilling Tools International(DTI.US) Q4 2023 Earnings Conference
Earnings Call Summary | Drilling Tools International(DTI.US) Q4 2023 Earnings Conference
The following is a summary of the Drilling Tools International Corp. (DTI) Q4 2023 Earnings Call Transcript:
以下是鑽探工具國際公司（DTI）2023年第四季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Drilling Tools International reported consolidated revenue of $152 million in 2023, a year-over-year increase of 17.4%.
Tool rental net revenue for 2023 increased by 20.4% to $119.2 billion.
Operating expenses rose primarily due to personnel costs, stock expenses, and public company costs to reach $124.1 million from $104.3 million last year.
Net income for 2023 was $14.7 million, down from $21.1 million in 2022 due to increased operating expenses and one-off transaction-related expenses.
Adjusted EBITDA saw a 24% increase, reaching $51 million.
Drilling Tools International報告稱，2023年的合併收入爲1.52億美元，同比增長17.4％。
2023年的工具租賃淨收入增長了20.4％，達到1192億美元。
運營支出增長的主要原因是人員成本、股票支出和上市公司成本，從去年的1.043億美元增至1.241億美元。
由於運營費用增加和一次性交易相關支出的增加，2023年的淨收入爲1470萬美元，低於2022年的2,110萬美元。
調整後的息稅折舊攤銷前利潤增長了24％，達到5,100萬美元。
Business Progress:
業務進展：
In 2023, DTI effectively executed its strategic plan, growing revenues by 17% despite a decrease in rig counts.
The company expanded into the North Sea and Middle East markets, using new technology and its core product range.
DTI concluded the acquisition of Deep Casing Tools and signed an agreement for the forthcoming acquisition of Superior Drilling products to spur growth in the domestic and international markets.
DTI has established its position in the oil and gas, geothermal, and carbon capture sectors by combining rental services with in-house manufacturing capabilities.
The company ended 2023 debt-free and with a non-utilized $60 million line of credit.
In 2024, DTI expects to see revenues reach between $170 million and $185 million, with an anticipated increase of free cash flow to between $20 million and $25.5 million.
2023年，DTI有效執行了其戰略計劃，儘管鑽機數量減少，但收入仍增長了17％。
該公司利用新技術及其核心產品系列將業務擴展到北海和中東市場。
DTI完成了對Deep Casing Tools的收購，並簽署了即將收購Superior Drilling產品的協議，以刺激國內和國際市場的增長。
通過將租賃服務與內部製造能力相結合，DTI已確立了其在石油和天然氣、地熱和碳捕集領域的地位。
該公司在2023年底無債務，未使用的6000萬美元信貸額度。
2024年，DTI預計收入將達到1.7億美元至1.85億美元之間，預計自由現金流將增加到2,000萬至2550萬美元之間。
More details: Drilling Tools International IR
更多詳情： 國際鑽探工具 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。