Thomas M. "Roe" Patterson
Thomas M. “Roe” Patterson and C. Richard Vermillion ceased serving as directors of the Company
Highest-materiality recent filing
DTI Q1 revenue $38.0M, net loss $1.5M; reaffirms FY2026 outlook
Tool rental revenue $28.9M, product sales $9.0M; adjusted net loss $1.0M, adj. diluted EPS loss $0.03.
FY2025 revenue $159.6M; net loss $3.8M ($0.11/sh); adj net income $3.4M ($0.10/sh); adj EBITDA $39.3M.
CEO Wayne Prejean appointed interim Chairman after passing of Thomas Hicks
Wayne Prejean, President & CEO, appointed interim Chairman of the Board on Dec 9, 2025.
DTI reports Q3 2025 revenue $38.8M, net loss $0.9M; maintains FY guidance
Revenue $38.8M; Tool Rental $31.9M, Product Sales $7.0M; Eastern Hemisphere segment grew 41% QoQ.
DTI reports Q2 net loss $2.4M; maintains FY25 guidance as activity declines
Revenue $39.4M: tool rental $32.8M, product sales $6.7M.
Total revenue $42.9M (Q1 2025): Tool Rental $34.5M, Product Sales $8.3M; operating income $3.3M.
DTI reports Q1 revenue $42.9M, net loss $1.7M; guides FY25 rev $145-165M, announces $10M buyback
Q1 revenue $42.9M (+7.6% seq, +16% YoY); tool rental $34.5M, product sales $8.3M.
DTI reports FY2024 revenue $154.4M, net income $3.0M; guides 2025 rev $163M-$183M
Full-year 2024 revenue $154.4M (tool rental $117.9M, product sales $36.5M); net income $3.0M ($0.09 diluted EPS).
Drilling Tools International completes acquisition of UK-based Titan Tools Services Ltd.
Acquisition closed Jan 2, 2025; Titan is a UK-based downhole tool rental company based in Aberdeen, Scotland.
DTI Q3 adj. EPS $0.14, lowers FY2024 revenue guidance to $145-155M
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).
DTI issues SDPI merger pro forma: H1 2024 rev $79.5M, net loss $1.2M
Merger consideration: $13.7M cash + 4.85M DTI shares to SDPI stockholders.
Acquired EDP, a global provider of next-generation stabilizers, specialty reamers, and wellbore optimization technology.
Drilling Tools closes SDP acquisition for ~$32.2M; Q2 revenue flat, Adj. EBITDA $9.0M
Closed acquisition of Superior Drilling Products for ~$32.2M in cash and stock; issued ~4.85M shares, paid $14.9M cash.
Drilling Tools International files 8-K/A with audited financials for CTG acquisition
Acquired 100% of Casing Technologies Group (CTG) and Deep Casing Tools on March 15, 2024 for undisclosed terms.
DTI reports FY2023 revenue $152M (+17% YoY), adj. EBITDA $51M; guides FY2024 adj. FCF $20-25.5M
FY2023 revenue $152M (+17% YoY), net income $14.7M, adjusted EBITDA $51M (33.6% margin).
Drilling Tools International closes ~£14.5M acquisition of Deep Casing Tools
Acquired 100% of Deep Casing Tools for ~£14.5M (£250K share purchase, £14.25M debt payoff).
DTI refinances ABL facility to $80M, adds $25M term loan, extends maturity to 2029
ABL facility capacity increased from $60M to $80M; pricing improved to SOFR+2.50%.
DTI provides preliminary FY2023 revenue $150-154M, adj. EBITDA $50-52M
Preliminary FY2023 revenue estimated between $150M and $154M.
DTI to acquire Superior Drilling Products for ~$32.2M in cash and stock; expected close Q3 2024
Per SDPI share, holders elect $1.00 cash, 0.313 DTI shares, or a mix; total consideration ~$32.2M.
Thomas M. “Roe” Patterson and C. Richard Vermillion ceased serving as directors of the Company
Jeremy D. Thigpen were elected
Mr. Prejean commenced service as Chairman of the Board while continuing to serve as the Company’s President and Chief Executive Officer
Ira H. Green, Jr., Daniel J. Kimes and Jeremy D. Thigpen were elected
Daniel J. Kimes and Jeremy D. Thigpen were elected
C. Richard Vermillion ceased serving as directors of the Company
Max materiality 0.85 · Median 0.57 · Most common event earnings