{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-276116","form_type":"8-K","ticker":"DTI","cik":"0001884516","company_name":"Drilling Tools International Corp","filed_at":"2023-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.290400+00:00","generated_at":"2026-06-08T05:41:18.317346+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":"Drilling Tools Q3 revenue $38.1M (+4.4% YoY); net income $4.3M vs $6.7M; FY outlook reiterated","bullets":["Net revenue $38.1M, up 4.4% from $36.5M in Q3 2022; rental tool revenue rose 9.4% to $29.4M.","Net income $4.3M ($0.21 diluted EPS) vs $6.7M ($0.36) in Q3 2022; higher tax, personnel, and insurance costs drove decline.","Adjusted EBITDA $12.7M vs $13.0M in prior-year quarter; cash $4.0M and undrawn $60M revolver.","Maintains FY2023 guidance: revenue $150-158M, Adj. EBITDA $50-54M, net income $12-19M, capex $44-46M.","CEO notes revenue fell only 5% from Dec 2022 vs ~20% rig count decline, outperforming the market."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-276116","json":"https://secwatch.observer/filing/0001193125-23-276116.json","markdown":"https://secwatch.observer/filing/0001193125-23-276116.md","text":"https://secwatch.observer/filing/0001193125-23-276116.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523276116/0001193125-23-276116-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523276116/d309237d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T05:41:18.317346+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":"aaca4f56238de4ed0e4158fb27ca2076d1c26fed","claim":"Drilling Tools International Corp reported the third quarter ended September 30, 2023 results: revenue $38.1 million, net income $4.3 million, EPS $0.21 per diluted share.","evidence_excerpt":"Net Revenue of $38.1 million increased 4.4% from $36.5 million in Q3 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523276116/0001193125-23-276116-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$38.1 million"},{"label":"Net income","value":"$4.3 million"},{"label":"EPS","value":"$0.21 per diluted share"},{"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"}