earnings
confidence high
sentiment positive
materiality 0.75
DTI reports FY2024 revenue $154.4M, net income $3.0M; guides 2025 rev $163M-$183M
Drilling Tools International Corp
- Full-year 2024 revenue $154.4M (tool rental $117.9M, product sales $36.5M); net income $3.0M ($0.09 diluted EPS).
- Q4 2024 revenue $39.8M; net loss ($1.3M) but adjusted net income $0.6M; adjusted EBITDA $9.1M.
- 2025 guidance: revenue $163M-$183M, adjusted EBITDA $40M-$50M, adjusted free cash flow $17M-$21M.
- CEO expects significant international revenue growth in 2025; completed acquisitions of Superior Drilling Products, Deep Casing Tools, European Drilling Projects, Titan Tools Services.
- Adjusted EBITDA for 2024 was $40.1M; adjusted free cash flow $17.2M; cash and equivalents $6.2M, net debt $47.6M.