Superior Drilling Products Inc's Suppliers recorded an increase in sales by 11.18 % year on year in Q1 2024, from the previous quarter, sales fell by -14.21 %, Superior Drilling Products Inc recorded an increase in cost of sales by 2.97 % year on year, sequentially cost of sales grew by 18.82 % in Q1.
Superior Drilling Products Inc's Suppliers recorded an increase in sales by 11.18 % year on year in Q1 2024, from the previous quarter, sales fell by -14.21 %, Superior Drilling Products Inc recorded increase in cost of sales by 2.97 % year on year, sequentially cost of sales grew by 18.82 % in Q1.
Superior Drilling Products Inc's Comment on Supply Chain
The company procures supplies, component parts, products, and raw materials from various suppliers, including steel suppliers, foundries, forge shops, and original equipment manufacturers. It is affected by price fluctuations in energy, industrial diamonds, steel, commodities, tariffs, duties, and foreign currency exchange rates. Certain critical components and raw materials, such as PDCs, steel, flux, solder, and heating elements, are sourced from a limited number of suppliers. The company has established domestic and international sourcing relationships to acquire materials in a timely and cost-effective manner while maintaining quality assurance and testing programs. Although the company generally seeks to source from multiple suppliers to reduce dependency, this is not always feasible. The price and availability of commodities, particularly steel, influence operations, and there is no guarantee of continued timely procurement or historical pricing. Baker Hughes is identified as one of the company's suppliers.
Superior Drilling Products Inc's Comment on Supply Chain
The company procures supplies, component parts, products, and raw materials from various suppliers, including steel suppliers, foundries, forge shops, and original equipment manufacturers. It is affected by price fluctuations in energy, industrial diamonds, steel, commodities, tariffs, duties, and foreign currency exchange rates. Certain critical components and raw materials, such as PDCs, steel, flux, solder, and heating elements, are sourced from a limited number of suppliers. The company has established domestic and international sourcing relationships to acquire materials in a timely and cost-effective manner while maintaining quality assurance and testing programs. Although the company generally seeks to source from multiple suppliers to reduce dependency, this is not always feasible. The price and availability of commodities, particularly steel, influence operations, and there is no guarantee of continued timely procurement or historical pricing. Baker Hughes is identified as one of the company's suppliers.
SDPI's Suppliers Net profit fell by
SDPI's Suppliers Net margin fell in Q1 to
-7.38 %
8.37 %
SDPI's Suppliers Net profit fell by -7.38 %
SDPI's Suppliers Net margin fell in Q1 to 8.37 %
Superior Drilling Products Inc's Suppliers Sales Growth
in Q1 2024 by Industry
Sources:
Superior Drilling Products Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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