Superior Drilling Products, Inc. (NYSE: SDPI)
Company Overview
Superior Drilling Products, Inc (SDPI) was founded in 1993 by company CEO Troy Meier. In May of 2014, SDPI purchased Hard Rock Solutions, Inc. (HRSI) and became a public company listed on the New York Stock Exchange.
The purchase of HRSI included the patented Drill-n-Ream tool which conditions horizontal well bores while drilling. The dual operation of conditioning and drilling saves oil and gas operators significant time and money.
Superior Drilling Products Drill-n-Ream Tool; Source: Superior Drilling Products
SDPI is continuing its history of innovation by also offering a drill string oscillation tool called Strider.
- Q1 2018 revenue grew 37% over prior-year period
Summary
- Q1-2018 Revenue: $4.6 million
- Total Common Stock Outstanding: 24.5 million
- Enterprise Value: $52 million
- Total Debt: $12 million
- Operating Margin: +3.64%
Management Team
Troy Meier – Chairman, CEO
Annette Meier – President, COO
Christopher Cashion – CFO
David Gale – Vice President, Operations
Kyla Allred – Human Resource Director
The Oil and Gas Conference®
Superior Drilling Products is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018. EnerCom expects to have more than 80 presenting oil and gas companies and more than 2000 financial professionals attending this year’s conference.
To learn more about the conference and presenter schedule please visit the conference website here.
