Superior Drilling Products (SDPI) Misses Q2 EPS by 3c, Revenues Miss

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Go back to Superior Drilling Products (SDPI) Misses Q2 EPS by 3c, Revenues Miss

Superior Drilling Products, Inc. Reports Second Quarter 2020 Results

August 7, 2020 6:30 AM EDT

International revenue grew 66% in second quarter over prior-year period, despite impact of COVID-19 on oil and gas industry and over 30% rig count decline Continuing to reduce cost and operational structures for challenged market conditions Diversifying revenue opportunities by leveraging manufacturing and machining expertise

VERNAL, Utah--(BUSINESS WIRE)-- Superior Drilling Products, Inc. (NYSE American: SDPI) (SDP or the Company), a designer and manufacturer of drilling tool technologies, today reported financial results for the second quarter ended June 30,... More