DTI
Drilling Tools International Corporation2.6700
-0.1300-4.64%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reassures Middle East ops, margin drivers
Q&A delivered reassuring color on Middle East ops amid conflict, confirming minimal disruptions to rigs and logistics—operations continue using a COVID playbook, with guidance set pre-Iran. Strong Q4 EBITDA margins stemmed from cost cuts, lost-in-hole product sales mix, and lighter seasonality, while free cash flow surged on back-loaded CapEx. Management detailed Eastern Hemisphere upside in Africa, stable Saudi rigs, and APAC traction via Malaysia's Drill-N-Ream and ClearPath rollout. M&A pipeline stays healthy at low leverage; pricing to firm on equipment reinvestment. Rigs keep turning. Analysts' geo and capital worries met directly, tone cautiously flexible—watch conflict evolution.
Key Stats
Market Cap
93.98MP/E (TTM)
-Basic EPS (TTM)
-0.19Dividend Yield
0%Recent Filings
10-K
FY2025 results
Drilling Tools International posted FY2025 revenue of $159.6M, up 3% y/y, with tool rentals at 81% of mix; Western Hemisphere dipped 3% to $148.6M on softer rig counts (down 8%), yet Eastern Hemisphere exploded 78% to $23.5M via acquisitions like Titan. Segment EBITDA slipped 5% to $50.0M amid higher depreciation. Q4 saw $112.9K treasury buyback at $2.65/share under $10M program. Cash fell to $3.6M after $20.1M capex, $19.9M op cash flow. Demand swings with oil prices hit quarterly momentum. Tool failures risk liability.
8-K
2025 results, 2026 growth outlook
Drilling Tools International reported 2025 revenue of $159.6M, up from $154.4M, with Adjusted EBITDA at $39.3M despite a $3.8M net loss and 7% global rig count drop. Eastern Hemisphere revenue doubled to 14% of total. Debt trimmed $11M; net debt at 1.1x. Guides 2026 revenue $155M-$170M, Adjusted EBITDA $35M-$45M. Cash flow persists.
8-K
DTI posts resilient FY25 results
Drilling Tools International released its Q4 and FY2025 results on March 5, 2026, posting $159.6M revenue, up 3% YoY, and $19.2M Adjusted Free Cash Flow, up 11% despite lower rig counts. Eastern Hemisphere revenue share hit 14%, fueled by acquisitions like Titan Tools. DTI eyes $155-170M revenue and $17-22M Adjusted FCF in 2026. Acquisitions drive resilience.
8-K
DTI appoints Green to board
Drilling Tools International appointed Ira H. Green, Jr., energy capital markets veteran with over 35 years' experience, to its Board effective January 26, 2026, filling the vacancy after Thomas Hicks' passing. Board also named Wayne Prejean permanent Chairman and CEO, and Jack Furst lead independent director, effective at next annual meeting; C. Richard Vermillion to retire then sans disagreement. Green bolsters capital allocation and M&A oversight amid board refreshment. Succession underway.
8-K
Director Patterson exits board
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