Drilling Tools International (US:DTI)2025-08-14 14:00Financial Performance & Growth - DTI's Q2 2025 revenue reached $3942 million, reflecting a 5% quarter-over-quarter increase despite a 7% global rig count decline[14,147] - The company reported a 259% quarter-over-quarter increase in Adjusted Free Cash Flow in Q2 2025[42] - DTI anticipates revenue between $145 million and $165 million for FY 2025[99] - Adjusted EBITDA for FY 2025 is projected to be between $32 million and $42 million, with Adjusted Free Cash Flow ranging from $14 million to $19 million[99] Strategic Initiatives & Expansion - DTI expanded its ABL Credit Facility from $60 million to $80 million and added a $25 million term loan maturing in March 2029[43] - The company has grown its portfolio from 2 to 16 patented products, supported by approximately 150 active patents[43] - DTI's Western Hemisphere operations contributed 86% of Q2 2025 revenue, while the Eastern Hemisphere accounted for 14%[14] - The company expects to double revenue contribution from the Eastern Hemisphere in FY 2025[100] Capital Allocation & M&A - DTI authorized a $10 million share repurchase program and repurchased approximately $600 thousand of DTI common stock during Q2 2025[46] - The company achieved 100% of the $45 million in previously announced SDPI synergies by August 2025 and identified additional synergies[60]