Revenue and EBITDA Growth
Second quarter year-over-year total revenue grew nearly 5% and adjusted EBITDA grew 4%, ahead of the forecast plan, despite industry headwinds and global rig count declines.
Positive Adjusted Free Cash Flow
Achieved positive adjusted free cash flow in the second quarter for the first time since becoming public, amounting to $1.8 million.
Eastern Hemisphere Revenue Surge
Eastern Hemisphere operations grew revenue by 21% and contributed approximately 14% of total revenue in the first half of the year.
Cost Reduction Success
Implemented a program to cut expenses by an annual $6 million and are on track to exceed this goal.
Successful M&A Integration
Integration of Eastern Hemisphere acquisitions is proceeding as planned, contributing to overall results and validating DTI's growth and M&A strategy.