Core Insights - Drilling Tools International Corp. (DTI) reported total consolidated revenue of $39.4 million for Q2 2025, with tool rental revenue at $32.8 million and product sales at $6.7 million [2][3] - The company experienced a net loss of approximately $2.4 million for the quarter, with an adjusted net loss of $725,000 [2][3] - DTI's adjusted EBITDA for Q2 was $9.3 million, marking a 4% increase compared to Q2 2024, despite market softness [4][6] Financial Performance - DTI's Q2 2025 revenue increased by 5% compared to Q2 2024, while adjusted EBITDA rose by 4% [4][6] - The company achieved its first positive adjusted free cash flow for any second quarter since going public, amounting to $1.8 million [3][4] - As of June 30, 2025, DTI had approximately $1.1 million in cash and cash equivalents, with net debt of $55.8 million [2][3] Market Conditions - The second quarter was impacted by lower commodity prices, leading to a reduction in rig count and customer activity, particularly in the US land market [3][5] - Despite the decline in activity, DTI's performance remained solid, with a 46% revenue growth in the Eastern Hemisphere segment, contributing 14% of total revenue [4][5] - The company anticipates continued uncertainty in the market, prompting a $6 million expense reduction program to align spending with customer activity levels [5][6] Outlook - DTI maintains its full-year 2025 revenue guidance of $145 million to $165 million, with adjusted EBITDA expected to range from $32 million to $42 million [6][29] - The adjusted EBITDA margin is projected to be between 22% and 25% for the year [6][29] - The company is committed to identifying cost reduction opportunities and maintaining operational flexibility in response to market challenges [5][6]

Core Viewpoint - Drilling Tools International Corp. (DTI) is set to report its second quarter financial results for 2025 on August 14, 2025, with a live conference call available for stakeholders [1][2]. Company Overview - DTI is a leading oilfield services company based in Houston, Texas, specializing in the manufacturing and rental of downhole drilling tools for horizontal and directional drilling of oil and natural gas wells [3]. - The company has been operational since 1984 and has a network of 15 service and support centers in North America, along with 11 international centers across the EMEA and APAC regions [3].

Company Overview - Drilling Tools International Corp. (DTI) is a global oilfield services company specializing in the design, engineering, manufacturing, and rental of tools for onshore and offshore horizontal and directional drilling operations [1][4] - The company has a history dating back to 1984 and operates 15 service and support centers in North America, along with 11 international centers across the EMEA and APAC regions [4] Conference Participation - DTI will participate in the Sidoti & Company June 2025 Small-Cap Virtual Conference on June 11-12, 2025 [1] - The company will webcast its investor presentation on June 12th at 12:15 PM EDT, with free registration available [2] - Management will also conduct virtual one-on-one meetings with investors during the conference [2] Investor Relations - A copy of the investor presentation will be available on the Investor Relations section of DTI's website [3] - A replay of the webcast will be archived on the company's Events and Presentations page following the event [3]

Core Insights - Drilling Tools International Corp. (DTI) reported a total consolidated revenue of $42.9 million for Q1 2025, with a 7.6% sequential growth and a 16% year-over-year increase [2][3] - The company has authorized a $10 million share repurchase program to enhance shareholder value, reflecting confidence in its long-term strategy and financial health [8][9] Financial Performance - Tool Rental revenue was approximately $34.5 million, while Product Sales revenue totaled $8.3 million [2] - Total Operating Expenses were $39.6 million, resulting in an Operating Income of $3.3 million and a Net Loss of approximately $1.7 million for the quarter [2][15] - Adjusted EBITDA for the quarter was $10.8 million, with an Adjusted Free Cash Flow of $5.7 million [2][29] Guidance and Market Outlook - The company has adjusted its annual guidance for 2025, projecting Revenue between $145 million and $165 million, Adjusted EBITDA between $32 million and $42 million, and Adjusted Free Cash Flow between $14 million and $19 million [6][31] - DTI anticipates potential market volatility due to factors such as tariffs, recession fears, and OPEC+'s production decisions, prompting a $6 million expense reduction program [4][6] Strategic Initiatives - The share repurchase program is part of DTI's disciplined capital allocation strategy, which also includes investments in maintenance, organic growth, and strategic acquisitions [8][9] - The company aims to optimize its capital structure and demonstrate a commitment to returning excess capital to shareholders through this program [9][10]

Company Overview - Drilling Tools International Corp. (DTI) is a global oilfield services company specializing in the design, engineering, manufacturing, and rental of tools for horizontal and directional drilling operations [1][3] - The company has been operational since 1984 and has 16 service and support centers in North America, along with 11 international centers in the EMEA and APAC regions [3] Upcoming Financial Results - DTI plans to report its first quarter financial results for 2025 on May 14, 2025, prior to a live conference call [1] - The conference call will be accessible via phone and webcast, starting at 10:00 a.m. Eastern Time [2] Conference Call Details - Participants can join the call by dialing 1-201-389-0869 or through the webcast link provided [2] - A replay of the call will be available until May 21, 2025, and an archive of the webcast will be accessible for 90 days after the event [2]