secwatch.observer — SEC 8-K summary
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Issuer:     Drilling Tools International Corp (DTI)
CIK:        0001884516
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001193125-24-257300
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884516/000119312524257300/0001193125-24-257300-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884516/000119312524257300/d898998d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-257300

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer