secwatch.observer — SEC 8-K summary
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Issuer:     Drilling Tools International Corp (DTI)
CIK:        0001884516
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001193125-26-212067
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DTI Q1 revenue $38.0M, net loss $1.5M; reaffirms FY2026 outlook
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- Tool rental revenue $28.9M, product sales $9.0M; adjusted net loss $1.0M, adj. diluted EPS loss $0.03.
- Adjusted EBITDA $7.5M; cash $2.8M, net debt $48.9M as of March 31, 2026.
- Sponsor HHEP distributed remaining DTI shares to limited partners; board refreshed, transitioning to fully independent public company.
- FY2026 guidance reaffirmed: revenue $155-170M, adj. EBITDA $35-45M, adj. free cash flow $17-22M.
- Management cites early Canada spring breakup effect, but expects later-year catalysts from international ClearPath and Drill-N-Ream adoption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884516/000119312526212067/0001193125-26-212067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884516/000119312526212067/dti-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-212067

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