DTI
Drilling Tools International Corporation2.6700
-0.1300-4.64%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
93.98MP/E (TTM)
-Basic EPS (TTM)
-0.19Dividend Yield
0%Recent Filings
8-K
8-K
10-Q
Q2 FY2025 results
Drilling Tools International posted Q2 revenue of $39.4M, up 5% y/y but flat q/q, fueled by 46% Eastern Hemisphere growth from recent acquisitions offsetting a 6% Western Hemisphere dip amid softer rig counts. Tool rentals climbed 16% y/y to $32.8M while product sales fell 28% y/y to $6.7M, squeezing gross margins to 75% from 73% as costs rose with integration. The company swung to a $2.4M net loss from $0.4M profit y/y, pressured by $1.3M higher interest, $0.6M stock comp, and $0.6M restructuring—yet operating cash flow held steady at $4.6M YTD. Cash dipped to $1.1M with $33.1M drawn on its $80M revolver and $23.7M total debt; the January Titan buy added $2.3M goodwill and $2.7M intangibles over 25 years for Eastern expansion. Acquisitions build global scale. Customer concentration lingers as a risk.
8-K
Q2 revenue rises 5% despite rig drop
Drilling Tools International reported Q2 2025 revenue of $39.4 million, up 5% quarter-over-quarter, driven by rental tools amid a 7% global rig count drop. Acquisitions like Deep Casing Tools and Superior Drilling Products boosted synergies, hitting 100% of $4.5 million in targeted efficiencies by August 2025. Guidance holds steady: $145-165 million revenue, $32-42 million Adjusted EBITDA, $14-19 million Adjusted Free Cash Flow. Acquisitions fuel growth, yet rig declines pressure margins.
8-K
Q2 revenue rises 5%
Drilling Tools International reported Q2 2025 revenue of $39.4 million, up 5% from last year, with tool rentals at $32.8 million driving the gain amid US land activity dips from low commodity prices. Eastern Hemisphere revenue surged 46% quarter-over-quarter, now 14% of total, bolstering Adjusted EBITDA to $9.3 million. The company holds its full-year outlook: revenue $145–165 million, Adjusted EBITDA $32–42 million. Pricing pressures loom in the back half.
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