Drilling Tools International Corporation (DTI) Earnings Call Transcripts

Drilling Tools International Corporation's Latest Earnings Call - Q1 FY2026

Drilling Tools International Corporation (DTI) reported its Q1 2026 earnings, with consolidated revenue of $38 million and an adjusted EBITDA of $7.5 million. The company reaffirmed its full-year 2026 guidance, expecting revenue between $155 million and $170 million and adjusted EBITDA between $35 million and $45 million. Despite a net loss of $1.5 million, DTI's outlook remains positive, driven by anticipated improvements in the second half of the year and increased traction in international markets.

Reported metrics

Guidance from management

DTI reaffirmed its 2026 guidance, expecting revenue between $155 million and $170 million and adjusted EBITDA between $35 million and $45 million. The company anticipates a stronger second half of the year.

What management said

Yes. We have some momentum in some new products. We feel like there is going to be an uptick in the North America market. I think that's probably more likely than not, and that will relieve some of the compression that's going on. I think we'll have an activity increase, and we have to hold pricing indexes and possibly get some gains in certain areas depending on the product mix. But we have -- I think we have realis...

Yes, Steve. Yes, we definitely saw -- I think we alluded to earlier, where our Deep Casing Tool product sales had bottomed out much earlier. And we saw some -- we're starting to see a little bit of pickup in that as the customers have depleted their inventories. And with Aramco picking up some rigs, we're seeing some more and more opportunity with that, and that improved a little bit in Q1, and we look to see continu...

What analysts pressed on

Analysts expressed concerns about the impact of early spring breakup in Canada and the ability to achieve full-year EBITDA guidance given Q1 margins. Questions focused on the sustainability of tool rental margins and the geopolitical impact in the Middle East.

Main topics on the call

• Revenue and EBITDA Performance — DTI reported Q1 2026 revenue of $38 million and adjusted EBITDA of $7.5 million, consistent with expectations of a softer first half. Management stated, 'Our first quarter results came in largely as anticipated.'
• North American Market Conditions — North American land activity remained flat to slightly down, with an earlier-than-expected spring breakup in Canada affecting results. Management noted, 'There is a real disconnect today between available rig capacity an...
• Middle East Operations — Despite regional conflicts, DTI experienced rising demand for its tools in the Middle East, with management stating, 'Our tide is still rising in that market.'
• International Offshore Momentum — DTI's ClearPath stabilizer technology gained traction in international offshore markets, contributing to growth. Management highlighted, 'Our ClearPath stabilizer technology continues to gain traction.'

Read the full Drilling Tools International Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 8 Drilling Tools International Corporation earnings call transcripts on record, spanning November 14, 2024 to August 7, 2026. Based on this history, Drilling Tools International Corporation reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

DTI

Exchange

NasdaqCM

Country

US

Sector

Energy

Industry

Energy Equipment and Services

Calls on record

8

First call

November 14, 2024

Most recent

August 7, 2026

Reporting cadence

quarterly