---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-257300"
form_type: "8-K"
ticker: "DTI"
cik: "0001884516"
company_name: "Drilling Tools International Corp"
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T01:09:21.522610+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DTI Q3 adj. EPS $0.14, lowers FY2024 revenue guidance to $145-155M

## Summary
- Q3 revenue $40.1M (rental $28.1M, product $12.0M); net income $867k ($0.03 diluted EPS); adjusted net income $4.6M ($0.14 adj. diluted EPS).
- Adjusted EBITDA $11.1M, adjusted free cash flow $7.8M; cash $12M, net debt $32.1M at Sept 30.
- FY2024 outlook reduced: revenue $145-155M, adjusted EBITDA $38-43M, adjusted net income $7.7-9.8M.
- CEO: sequential improvement but less than expected; Q4 slowdown from holiday breaks and customer capital discipline.

## SEC filing metadata
- accession: 0001193125-24-257300
- form_type: 8-K
- ticker: DTI
- cik: 0001884516
- company_name: Drilling Tools International Corp
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1884516/000119312524257300/0001193125-24-257300-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1884516/000119312524257300/d898998d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-257300
- JSON: https://secwatch.observer/filing/0001193125-24-257300.json
- Plain text: https://secwatch.observer/filing/0001193125-24-257300.txt

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