Drilling Tools International (DTI)
NASDAQ:DTI
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Earnings Data
Report Date
Aug 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.02Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: management reaffirmed full-year guidance and highlighted strong product adoption (ClearPath, Drill-N-Ream, Deep Casing Tools), solid tool rental gross margins (>70%), and a favorable shift in shareholder structure (public float ~90%). Offsetting these positives were a Q1 net loss and a small negative adjusted free cash flow, softer North American rental activity (partly due to an early Canadian spring breakup), pricing/mix pressure on rental revenue, regional operational disruption in the Middle East, and relatively low cash with modestly higher net debt. Management is optimistic about international momentum and a stronger second half, but near-term execution and potential additional investments keep risks that temper the near-term outlook.Company Guidance
Quarterly Revenue and Profitability
Total consolidated revenue of $38.0 million in Q1 2026, with Tool Rental revenue of $28.9 million and Product Sales of $9.0 million. Reported adjusted EBITDA of $7.5 million (approximately a 19.7% adjusted EBITDA margin on Q1 revenue).
Reaffirmed 2026 Guidance
Management reaffirmed full-year 2026 guidance: revenue $155 million to $170 million; adjusted EBITDA $35 million to $45 million; adjusted free cash flow $17 million to $22 million — guidance assumes a softer first half with improvement in the second half.
Technology Adoption and Product Momentum
ClearPath stabilizer technology gaining traction in high-value offshore and complex well markets (North Sea, Gulf of America, parts of Asia). Drill-N-Ream and Deep Casing Tools are showing steady progress and increased purchase orders, particularly from customers in the Middle East who have worked down inventories.
Strong Tool Rental Gross Margin
Tool rental gross margin remained above 70% in Q1, which management cites as a strong baseline validating the quality of the rental business despite softer activity.
Strategic Corporate and Shareholder Developments
Primary sponsor (HHEP) completed distribution of its remaining DTI shares, increasing public float to approximately 90% and improving trading liquidity. Recent board refreshment cited as strengthening governance for the company's next growth phase. Continued share buybacks of ~$700,000 in Q1.
Targeted Capital Deployment to Support Growth
Q1 capital expenditures were $7.7 million as management front-loaded investments to support international growth and early adoption of ClearPath and other differentiated product lines. Management views certain customer-sponsored investments as high-return and 'sticky' revenue drivers.
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
DTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $3.34 | $3.00 | -10.18% |
Mar 05, 2026 | $3.31 | $3.61 | +9.06% |
Nov 06, 2025 | $2.02 | $2.02 | 0.00% |
Aug 13, 2025 | $1.92 | $2.10 | +9.38% |
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.
FAQ
When does Drilling Tools International (DTI) report earnings?
Drilling Tools International (DTI) is schdueled to report earning on Aug 18, 2026, Before Open (Confirmed).
What is Drilling Tools International (DTI) earnings time?
Drilling Tools International (DTI) earnings time is at Aug 18, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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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 2026 (Q2) is -0.02.