Drilling Tools International Corp — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
DTI reported Q2 2026 revenue of $38.1M (down 3.4% YoY from $39.4M) and adjusted EBITDA of $8.4M (down 10.4% YoY from $9.3M). The company executed four acquisitions in 2024 (Deep Casing Tools, Superior Drilling Products, European Drilling Projects, Titan Tools), expanding Eastern Hemisphere revenue from <1% in 2020 to 18% of total revenue in Q2 2026. DTI reaffirmed full-year 2026 guidance: revenue $155–170M, adjusted EBITDA $35–45M, adjusted free cash flow $17–22M. The company maintains 1.1x leverage ratio, holds $80M ABL facility plus $25M term loan (maturing March 2029), and authorized a $10M share repurchase program (repurchased ~$2M to date). Weighted average shares outstanding: 35.3M basic.
Why this rating
Routine quarterly earnings release with guidance reaffirmation. Incremental revenue decline offset by geographic diversification progress; modest in size relative to $49.8M market cap. No material news.
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