Welcome to our dedicated page for Drilling Tools International Corporation news (Ticker: DTI), a resource for investors and traders seeking the latest updates and insights on Drilling Tools International Corporation stock.
Drilling Tools International Corporation (NASDAQ: DTI) is a Houston, Texas based oilfield services company that designs, engineers, manufactures and rents downhole drilling tools used in onshore and offshore horizontal and directional drilling of oil and natural gas wells. This news page aggregates company-issued press releases and other coverage so readers can follow developments affecting DTI’s operations and stock.
DTI regularly reports quarterly and annual financial results, including revenue from tool rental and product sales, non-GAAP metrics such as Adjusted EBITDA and Adjusted Free Cash Flow, and commentary from management on market conditions and capital allocation. Earnings releases are typically accompanied by conference call details and webcast information, which are announced in separate news items.
In addition to financial updates, DTI’s news flow includes information on corporate governance and leadership. For example, the company has reported on the passing of its Chairman of the Board, Thomas O. Hicks, and the appointment of President and Chief Executive Officer Wayne Prejean as interim Chairman, as well as planned changes in Board composition. The company also issues announcements about participation in investor conferences and panel discussions, providing insight into its engagement with the investment community.
Investors and industry observers can use this page to monitor how DTI responds to changes in oil and gas activity, manages its rental-focused tool business and pursues acquisition and growth strategies described in its public communications. For a fuller picture, readers may wish to review related SEC filings and investor presentations referenced in the company’s news releases.
Drilling Tools International Corp (NASDAQ: DTI) announced the immediate appointment of Ira H. Green, Jr. to its Board of Directors effective January 27, 2026. Mr. Green brings over 30 years of energy capital markets experience, including senior roles at Piper Sandler, Simmons & Company, Merrill Lynch, The First Boston Corporation and Morgan Stanley, plus prior CEO/CFO experience at SalvageSale.
The board will assign Mr. Green to committees at a later date. The appointment is described as part of the Board's 2026 refreshment and succession planning, which began in summer 2025 and will continue ahead of the 2026 Annual Meeting of Stockholders.
Drilling Tools International Corp. (NASDAQ: DTI) announced that Chairman Thomas O. Hicks Sr. died peacefully on December 6, 2025, at age 79.
Hicks was a founder-level investor who helped acquire and grow businesses that became DTI, led the 2013 rebrand to Drilling Tools International, and supported the company’s growth to a Nasdaq listing in 2023. The release highlights his roles in other investments, civic projects in Dallas, service on the University of Texas Board of Regents, and public service.
Drilling Tools International (NASDAQ: DTI) reported Q3 2025 results: Total revenue $38.8M (Tool Rental $31.9M; Product Sales ~$7.0M) and a net loss attributable to common stockholders of $0.9M (loss $0.03/share). Adjusted metrics included Adjusted EBITDA $9.1M, Adjusted Net Income $0.75M and Adjusted Free Cash Flow $5.6M. Cash was ~$4.4M and Net Debt ~$46.9M as of Sept 30, 2025.
Management highlighted debt reduction and shareholder returns: $5.6M debt paid down, cash up $3.2M, and $0.55M of share buybacks. Eastern Hemisphere revenue grew 41% quarter-over-quarter, contributing ~15% of Q3 revenue. Company maintained its 2025 full-year guidance ranges.
Drilling Tools International (NASDAQ: DTI) will report its 2025 third quarter financial results and hold a live conference call on Friday, November 7, 2025 at 10:00 a.m. ET / 9:00 a.m. CT.
The company will release results prior to the call. Investors can join via phone by dialing 1-201-389-0869 or via live webcast at https://investors.drillingtools.com/news-events/events. A replay is available through November 14, 2025 at phone 1-201-612-7415 (passcode 13755802#), and the webcast archive will be posted for 90 days.
Questions for management may be submitted in advance by email to DTI@dennardlascar.com. DTI operates service centers across North America, EMEA and APAC and provides rental-focused downhole drilling tools.
Drilling Tools International Corp. (NASDAQ: DTI) reported Q2 2025 results with total revenue of $39.4 million, including $32.8 million from Tool Rental and $6.7 million from Product Sales. The company posted a net loss of $2.4 million and Adjusted EBITDA of $9.3 million.
Despite market challenges including lower commodity prices and reduced rig count, DTI's Eastern Hemisphere segment showed strong performance with 46% quarter-over-quarter revenue growth. The company maintained its 2025 guidance with expected revenue of $145-165 million and Adjusted EBITDA of $32-42 million.
DTI is on track to achieve its $6 million cost reduction target for 2025, implemented to align with customer activity levels. The company ended Q2 with $1.1 million in cash and net debt of $55.8 million.
Drilling Tools International Corp. (NASDAQ: DTI), a global oilfield services company specializing in drilling tools and solutions, has scheduled its 2025 second quarter earnings release and conference call for Thursday, August 14, 2025. The conference call will begin at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
Investors can access the call by dialing 1-201-389-0869 or via webcast at the company's investor relations website. A replay will be available through August 21, 2025, using passcode 13754878#, and the webcast archive will be accessible for 90 days.
- Revenue: $42.9 million (up 16% YoY and 7.6% QoQ) - Tool Rental revenue: $34.5 million - Product Sales revenue: $8.3 million - Net Loss: $1.7 million - Adjusted EBITDA: $10.8 million (up 18% YoY)
The company updated its 2025 guidance due to market uncertainty: - Revenue: $145-165 million - Adjusted EBITDA: $32-42 million - Adjusted Free Cash Flow: $14-19 million
DTI implemented a cost-cutting program targeting $6 million in savings for 2025 to address potential market disruptions from tariffs, recession fears, and OPEC+ production increases.
Drilling Tools International Corp. (NASDAQ: DTI), a global oilfield services company specializing in drilling tools and solutions, has scheduled its 2025 first quarter earnings release and conference call for May 14, 2025, at 10:00 a.m. Eastern Time.
The company will host a live conference call accessible via phone (dial-in: 1-201-389-0869) or webcast at https://investors.drillingtools.com/news-events/events. A replay will be available through May 21, 2025, using passcode 13753220#, and the webcast archive will be accessible for 90 days.
DTI, headquartered in Houston, Texas, operates from 16 service centers across North America and 11 international centers in EMEA and APAC regions, providing rental-focused tools for onshore and offshore drilling operations.
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