Welcome to our dedicated page for Drilling Tools International news (Ticker: DTI), a resource for investors and traders seeking the latest updates and insights on Drilling Tools International stock.
Drilling Tools International Corporation reports developments tied to its oilfield services business, which designs, engineers, manufactures and rents downhole drilling tools for onshore and offshore horizontal and directional drilling of oil and natural gas wells. Company updates commonly address Tool Rental and Product Sales revenue, demand across U.S. land, offshore and international markets, and solutions used across the well life cycle.
DTI news also covers quarterly and annual results, earnings-call schedules, outlook commentary, acquisitions that add drilling tools or technology, and governance changes as the company operates with broader public ownership and a refreshed board structure.
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.
Drilling Tools International Corp. (NASDAQ: DTI) has reported its financial results for 2024, with total consolidated revenue of $154.4 million. The company's Tool Rental revenue reached $117.9 million, while Product Sales revenue was $36.5 million.
Key financial metrics for 2024 include:
- Income from Operations: $13.4 million
- Net Income: $3.0 million
- Adjusted Net Income: $10.1 million
- Diluted EPS: $0.09
- Adjusted EBITDA: $40.1 million
- Adjusted Free Cash Flow: $17.2 million
In Q4 2024, DTI generated total revenue of $39.8 million but recorded a net loss of $1.3 million. The company maintains $6.2 million in cash and cash equivalents, with net debt of $47.6 million. Despite challenging market conditions, DTI expects significant international revenue growth in 2025, supported by recent acquisitions including Superior Drilling Products, Deep Casing Tools, European Drilling Projects, and Titan Tools Services.
Drilling Tools International Corp. (NASDAQ: DTI), a global oilfield services company specializing in drilling tools and solutions, has announced its participation in three major investor conferences in March 2025:
- 5th Annual Thrive Energy Conference (March 5-6) in Houston, featuring CEO Wayne Prejean in a panel discussion
- 37th Annual Roth Conference (March 16-18) in Dana Point, California, including Prejean's participation in the Industrial Pivot Panel
- Piper Sandler 25th Annual Energy Conference (March 17-19) in Las Vegas
DTI, established in 1984, operates from 16 service centers across North America and 11 international centers in EMEA and APAC regions. The company specializes in manufacturing and renting downhole drilling tools for horizontal and directional drilling operations.
Drilling Tools International Corp. (NASDAQ: DTI), a global oilfield services company, has updated its 2024 financial outlook with positive projections. The company expects 2024 revenue to be at the high-end of previous guidance, Adjusted EBITDA near the midpoint, Adjusted Net Income above the high-end, and Adjusted Free Cash Flow to more than double compared to the prior year.
Despite a challenging demand environment, CEO Wayne Prejean expressed satisfaction with the company's strong Q4 execution and successful integration of recent acquisitions. DTI anticipates building upon its 2024 results despite industry expectations of a flat market environment this year. The company will report its Q4 and full-year 2024 results in a conference call scheduled for March 14, 2025.