secwatch.observer — SEC 8-K summary
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Issuer:     Drilling Tools International Corp (DTI)
CIK:        0001884516
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0000950170-25-038876
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DTI reports FY2024 revenue $154.4M, net income $3.0M; guides 2025 rev $163M-$183M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884516/000095017025038876/0000950170-25-038876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884516/000095017025038876/dti-20250313.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-038876

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer