Superior Drilling Products (SDPI) Tops Q1 EPS by 3c

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Go back to Superior Drilling Products (SDPI) Tops Q1 EPS by 3c

Superior Drilling Products, Inc. Revenue Grew 70% to $4.1 million in First Quarter 2022; Achieved EPS of $0.01

May 13, 2022 7:00 AM EDT

Demonstrated innovation and expertise to outpace the oil & gas industry recovery by adding new lines of business through expanded relationships with current customers and also adding new customers First quarter revenue rose $1.7 million to $4.1 million over the prior-year period and was up 4.5% sequentially on strong demand and as production capacity improved with staffing efficiencies Tool revenue grew 66% over the prior-year period and Contract Services revenue was up 79% Achieved net income of $150 thousand and Adjusted EBITDA* of $1.0 million or 24.5% as a percent of revenue Strengthened balance sheet: $2.9... More