{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-212305","form_type":"8-K","ticker":"DTI","cik":"0001884516","company_name":"Drilling Tools International Corp","filed_at":"2023-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.994418+00:00","generated_at":"2026-06-11T12:56:16.946173+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"DTI reports Q2 2023 revenue up 25% to $37.9M; full-year guidance reduced","bullets":["Net income fell to $0.9M ($0.05 diluted EPS) from $5.9M ($0.30) in Q2 2022 due to transaction and personnel costs.","Adjusted EBITDA rose to $13.3M from $8.8M YoY, driven by higher activity and pricing.","Full-year 2023 guidance lowered: revenue $150–158M, Adjusted EBITDA $50–54M, Net income $12–19M.","Completed business combination with ROC Energy Acquisition Corp; now trading on Nasdaq as DTI.","Cash $7.2M with undrawn $60M revolver; appoints Thomas 'Roe' Patterson to Board."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-212305","json":"https://secwatch.observer/filing/0001193125-23-212305.json","markdown":"https://secwatch.observer/filing/0001193125-23-212305.md","text":"https://secwatch.observer/filing/0001193125-23-212305.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523212305/0001193125-23-212305-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523212305/d482195d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T12:56:16.946173+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":"c27da5e9a5245e9f4839ae3da1460f2ac0c7d5ef","claim":"Drilling Tools International Corp reported the quarter ended June 30, 2023 results: revenue $37.9 million, net income $0.9 million, EPS $0.05 per diluted share. Guidance lowered.","evidence_excerpt":"EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Drilling Tools International Reports Second Quarter 2023 Financial Results Second Quarter 2023 Revenue Grew 25% Year-over-Year to $37.9 million Successful completion of business combination; Shares commenced trading on Nasdaq HOUSTON, TEXAS – (August 14, 2023) — Drilling Tools International Corp., (“DTI” or the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523212305/0001193125-23-212305-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$37.9 million"},{"label":"Net income","value":"$0.9 million"},{"label":"EPS","value":"$0.05 per diluted share"},{"label":"Guidance","value":"lowered"},{"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"}