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Drilling Tools International (DTI)
NASDAQ:DTI
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.01Last Year’s EPS
$0.13Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -9.48%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a cautiously optimistic outlook with sequential growth and strategic acquisitions, albeit tempered by market headwinds and revised financial projections. The company is expanding internationally and implementing cost-saving measures, indicating resilience and adaptability.Company Guidance
During the third-quarter 2024 earnings call for Drilling Tools International (DTI), management provided guidance reflecting a cautious outlook amidst ongoing market headwinds. Despite challenges in the U.S. land, Gulf of Mexico, and Middle Eastern markets, the company reported sequential growth in several key financial metrics, including revenue of $40.1 million, adjusted EBITDA of $11.1 million, and adjusted free cash flow of $7.8 million. However, due to expected seasonal slowdowns and customer capital discipline, full-year 2024 revenue guidance was revised to $145-$155 million, with adjusted EBITDA expected between $38-$43 million and adjusted free cash flow projected at $18-$21 million. Additionally, DTI highlighted strategic international expansion and technology integration through recent acquisitions, anticipating an increase in Eastern Hemisphere revenue mix to over 10% by year-end.Sequential Revenue Growth
DTI achieved sequential growth in revenue, adjusted net income, adjusted diluted EPS, adjusted EBITDA, and adjusted free cash flow from Q2 2024. Total revenue reached $40.1 million, with adjusted EBITDA at $11.1 million and adjusted free cash flow at $7.8 million, which is more than the entire free cash flow of 2023.
Strategic M&A Activity
DTI acquired three companies in 2024 and announced a fourth acquisition expected to close in Q1 2025. The acquisitions include Superior Drilling Products, European Drilling Projects, and Titan Tool Services Limited, enhancing their technological capabilities and geographic footprint.
International Expansion
DTI's Eastern Hemisphere revenue mix is expected to grow from approximately 1% of total revenue in 2023 to 10% in 2024. This aligns with their One DTI strategy to manage business more effectively across different regions.
Cost Reduction Program
Implemented a cost reduction program aimed at achieving annualized savings of $2.4 million, enhancing operational efficiencies despite softer market conditions.
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DTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $3.48 | $3.47 | -0.29% |
| Aug 06, 2024 | $4.57 | $4.17 | -8.75% |
| May 09, 2024 | $5.54 | $5.65 | +1.99% |
| Mar 27, 2024 | $2.92 | $3.00 | +2.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Drilling Tools International (DTI) report earnings?
Drilling Tools International (DTI) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Drilling Tools International (DTI) earnings time?
Drilling Tools International (DTI) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DTI EPS forecast?
DTI EPS forecast for the fiscal quarter 2024 (Q4) is $0.01.
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