{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-015620","form_type":"8-K","ticker":"DTI","cik":"0001884516","company_name":"Drilling Tools International Corp","filed_at":"2024-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.235341+00:00","generated_at":"2026-06-04T07:24:34.321199+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"DTI reports FY2023 revenue $152M (+17% YoY), adj. EBITDA $51M; guides FY2024 adj. FCF $20-25.5M","bullets":["FY2023 revenue $152M (+17% YoY), net income $14.7M, adjusted EBITDA $51M (33.6% margin).","Adjusted free cash flow $7.3M; 2024 guidance for adj. FCF $20-25.5M, more than double.","Closed acquisition of Deep Casing Tools; entered definitive agreement to acquire Superior Drilling Products (SDPI).","Amended ABL credit facility: borrowing capacity to $80M, new $25M term loan, maturity March 2029.","FY2024 outlook: revenue $170-185M, adj. EBITDA $50-58.5M, net income $15-21M."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-015620","json":"https://secwatch.observer/filing/0001140361-24-015620.json","markdown":"https://secwatch.observer/filing/0001140361-24-015620.md","text":"https://secwatch.observer/filing/0001140361-24-015620.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1884516/000114036124015620/0001140361-24-015620-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1884516/000114036124015620/ef20022121_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T07:24:34.321199+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a5b145dc18dca2ca2db3ecf80cd2ef4cdb469915","claim":"Drilling Tools International Corp reported fourth quarter and fiscal year ended December 31, 2023 results: revenue $152 million, net income $14.7 million.","evidence_excerpt":"and offshore horizontal and directional drilling operations, today reported its 2023 full year results and provided its 2024 full year outlook. 2023 Full Year Highlights Revenue $152 million Net Income $14.7 million Adjusted EBITDA (1) $51 million Adjusted EBITDA Margin (1) 33.6% Adjusted Free Cash Flow (1)(2) $7.3 million Wayne Prejean, CEO of DTI, stated, “We are","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000114036124015620/0001140361-24-015620-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and fiscal year ended December 31, 2023"},{"label":"Revenue","value":"$152 million"},{"label":"Net income","value":"$14.7 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}