Drilling Tools International Corp

Drilling Tools International Corp. reported Q2 2026 results with a net loss of $1.8 million and Adjusted EPS of -$0.02. Total consolidated revenue reached $38.1 million, driven by $29.6 million in Tool Rental revenue and $8.5 million in Product Sales. The company reaffirmed its full-year 2026 outlook, highlighting strong Adjusted Free Cash Flow and early signs of recovery in key operating regions despite softer North American activity and Middle East disruption.

Drilling Tools International Corp. reported Q2 2026 financial results, with total revenue of $38.072 million and a net loss of $(1.792) million. Adjusted EBITDA for the quarter was $8.358 million, while Adjusted Free Cash Flow increased to $4.129 million. The company reaffirmed its full-year 2026 guidance, projecting revenue between $155 million and $170 million, Adjusted EBITDA between $35 million and $45 million, and Adjusted Free Cash Flow between $17 million and $22 million. DTI highlighted its global expansion, with Eastern Hemisphere revenue growing to approximately 18% of total revenue, and the successful integration of four strategic acquisitions since June 2023.

Drilling Tools International Corp reported a net loss of $(1.54) million for Q1 2026, an improvement from a net loss of $(1.67) million in Q1 2025. Total revenue decreased to $37.96 million from $42.88 million year-over-year, primarily due to a decline in tool rental revenue. The company saw a significant shift in operating cash flow, moving from positive in Q1 2025 to negative in Q1 2026, while financing activities provided increased cash.

Drilling Tools International Corp. reported Q1 2026 financial results, with total consolidated revenue of $38.0 million and a net loss of $1.5 million. Despite a complicated market and softness in Canada, the company reaffirmed its full-year 2026 guidance, expecting growth compared to 2025 results. DTI also announced the completion of its primary private equity sponsor's share distribution, transitioning to a fully independent public company with broader ownership.

Drilling Tools International Corp (DTI) released its Summer 2026 Investor Presentation, emphasizing strategic execution, innovation, and future growth. The company highlighted the successful integration of four acquisitions, which have strengthened its foundation, diversified product lines, and expanded its global footprint. DTI reported Q1 2026 revenue of $38.0 million and Adjusted EBITDA of $7.5 million, while reaffirming its 2026 financial outlook for continued growth and significant free cash flow generation.

Drilling Tools International Corp. held its 2026 Annual Meeting of Stockholders on April 28, 2026, where three new directors were elected and four existing directors were reelected. R. Wayne Prejean was appointed Chairman of the Board, while continuing as President and CEO, and John D. Furst was designated Lead Independent Director. Additionally, Thomas M. Patterson and C. Richard Vermillion ceased serving as directors, and Grant Thornton LLP was ratified as the independent registered public accounting firm for fiscal year 2026.