Drilling Tools International Corp. Reports Q1 2025 Results

Drilling Tools International Corp. ( (DTI) ) has released its Q1 earnings. Here is a breakdown of the information Drilling Tools International Corp. presented to its investors.

Drilling Tools International Corp. (DTI) is a Houston-based oilfield services company specializing in the design, engineering, and rental of tools for horizontal and directional drilling operations, serving both onshore and offshore markets globally.

In its 2025 first quarter earnings report, DTI announced a total consolidated revenue of $42.9 million, with tool rental revenue contributing $34.5 million and product sales generating $8.3 million. Despite a net loss of $1.7 million, the company reported an adjusted net income of $0.7 million and an adjusted EBITDA of $10.8 million.

DTI’s financial performance was marked by a 7.6% sequential revenue growth and a 16% increase compared to the previous year’s first quarter. The company also announced a $10 million share repurchase program, reflecting confidence in its long-term strategy and financial health. The program aims to optimize capital structure and return excess capital to shareholders.

Looking ahead, DTI management remains cautious due to market volatility and potential economic disruptions. The company has implemented a cost-cutting program to save approximately $6 million and is prepared to adjust its growth capital expenditures if necessary. DTI’s strong US manufacturing base and international footprint provide some insulation against tariff risks and market uncertainties.

DTI has adjusted its full-year 2025 outlook, projecting revenue between $145 million and $165 million, with adjusted EBITDA ranging from $32 million to $42 million. The company remains committed to maintaining operational agility and enhancing shareholder value amidst a challenging economic environment.