Drilling Tools International (US:DTI)2025-05-14 11:45Financial Performance & Growth - DTI's Q1 2025 revenue reached $42.9 million, reflecting broad scope and scale[13] - Q1 2025 revenue increased by 16% quarter-over-quarter, despite a 6% global rig count decline[13] - The company anticipates Adjusted Free Cash Flow between $14 million and $19 million for FY 2025[95] - DTI expects to double revenue contribution from the Eastern Hemisphere in FY 2025[96] Geographic Footprint - Western Hemisphere accounted for 89% of Q1 2025 revenue, while the Eastern Hemisphere contributed 11%[13] - Tool rental in the Eastern Hemisphere saw a significant increase of 968% quarter-over-quarter[86] - Over 60% of all drilling rigs in North America utilize DTI tools and equipment[85] Strategic Initiatives - DTI expanded its ABL Credit Facility from $60 million to $80 million and added a $25 million term loan maturing in March 2029[42] - The company has grown its portfolio from 2 to 16 patented products, supported by approximately 150 active patents[42] - DTI authorized a $10 million share repurchase program[45] M&A and Synergies - DTI is on track to achieve 100% of the $4.5 million in previously announced SDPI synergies by August 2025[59] - The company identified additional synergies in excess of the targeted amount from acquisitions[59]