---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-194343"
form_type: "8-K"
ticker: "DTI"
cik: "0001884516"
company_name: "Drilling Tools International Corp"
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:40:38.275826+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Drilling Tools closes SDP acquisition for ~$32.2M; Q2 revenue flat, Adj. EBITDA $9.0M

## Summary
- Closed acquisition of Superior Drilling Products for ~$32.2M in cash and stock; issued ~4.85M shares, paid $14.9M cash.
- Q2 revenue $37.5M flat YoY; operating income $2.2M; Adjusted EBITDA $9.0M.
- Identified >$4.5M SG&A synergies, 60% CapEx savings on new DNR tools, and NOL tax benefits.
- Updated FY 2024 guidance: revenue $155-170M, Adj. EBITDA $41-47M, Adj. FCF $20-25M.
- U.S. rig count softness led to cost reduction program with $2.4M annualized savings.

## SEC filing metadata
- accession: 0001193125-24-194343
- form_type: 8-K
- ticker: DTI
- cik: 0001884516
- company_name: Drilling Tools International Corp
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1884516/000119312524194343/0001193125-24-194343-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1884516/000119312524194343/d858008d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-194343
- JSON: https://secwatch.observer/filing/0001193125-24-194343.json
- Plain text: https://secwatch.observer/filing/0001193125-24-194343.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.