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Drilling Tools International Corp. (DTI)
:DTI
RESEARCH TOOLSreports
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.13Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: -26.57%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with notable achievements in revenue growth, successful acquisitions, and safety improvements. However, challenges such as rig count softness, a fourth-quarter net loss, and pricing pressures impacted overall performance. The company's resilience and strategic initiatives in M&A were highlighted as positive aspects.Company Guidance
During the 2024 fiscal year-end and fourth quarter earnings call for Drilling Tools International, the company provided guidance for 2025, projecting revenue between $163 million to $183 million and adjusted EBITDA in the range of $40 million to $50 million. The company also anticipates gross capital expenditures of $23 million to $29 million and adjusted free cash flow of $17 million to $21 million for the year. Drilling Tools International highlighted its strong 2024 performance with consolidated revenue of $154.4 million, adjusted net income of $10.1 million, and adjusted EBITDA of $40.1 million. The company emphasized its strategic expansions, including the acquisition of four companies, and its commitment to integrating best practices to enhance operational efficiency. Despite some market challenges, including rig count softness and pricing pressure, DTI remains optimistic about growth opportunities, particularly in international markets, and plans to report results in two new segments, Eastern Hemisphere and Western Hemisphere, effective January 1, 2025.Strong Revenue and Cash Flow Growth
Generated 2024 revenue growth at the high end of guidance with total revenue of $154.4 million. Adjusted net income was above the high end of guidance, more than doubling prior year adjusted free cash flow to $17.2 million.
Successful M&A Activity
Acquired three companies in 2024 and a fourth in early 2025, focusing on international expansion and technology ownership. These acquisitions aim to enhance technological capabilities and expand geographical footprint.
Safety Improvement
Achieved a 6.5% year-over-year improvement in safety, highlighting employee commitment to safety protocols and training.
Resilient Business Model
Fourth quarter revenue increased by 13% year-over-year despite a 4% global rig count decline, demonstrating business model resilience.
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DTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $2.71 | $2.70 | -0.37% |
| Nov 13, 2024 | $3.48 | $3.47 | -0.29% |
| Aug 06, 2024 | $4.57 | $4.17 | -8.75% |
| May 09, 2024 | $5.54 | $5.65 | +1.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Drilling Tools International Corp. (DTI) report earnings?
Drilling Tools International Corp. (DTI) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Drilling Tools International Corp. (DTI) earnings time?
Drilling Tools International Corp. (DTI) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DTI EPS forecast?
DTI EPS forecast for the fiscal quarter 2025 (Q1) is 0.02.
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