Drilling Tools International Reports 16% Increase in Q1 Revenue, Net Loss of $1.7 Million, and Adjusted EPS of $0.02

Reuters
05-14
Drilling Tools International Reports 16% Increase in Q1 Revenue, Net Loss of $1.7 Million, and Adjusted EPS of $0.02

Drilling Tools International Corporation $(DTI)$ has reported its first-quarter results for 2025, showcasing strong performance despite industry headwinds. The company achieved a sequential revenue growth of 7.6% and a 16% increase compared to the same quarter last year. Product Sales revenue reached $8.3 million. DTI reported a Net Loss of approximately $1.7 million for the first quarter, while Adjusted Net Income stood at $0.7 million. The company's Adjusted EBITDA was $10.8 million, and Adjusted Free Cash Flow was $5.7 million. As of March 31, 2025, DTI held $2.8 million in cash and cash equivalents, with a net debt of $52.1 million. In response to market volatility and uncertainty, DTI has updated its full-year outlook for 2025. The company now anticipates revenue between $145 million and $165 million, with Adjusted EBITDA expected to range from $32 million to $42 million. The Adjusted EBITDA Margin is projected to be between 22% and 25%, while Adjusted Free Cash Flow is forecasted to be between $14 million and $19 million. The company has taken measures to cut expenses by approximately $6 million this year and has contingency plans to reduce costs further if necessary. DTI remains committed to maintaining operational agility and identifying cost reduction opportunities to enhance shareholder value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Drilling Tools International Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: DA86405) on May 13, 2025, and is solely responsible for the information contained therein.

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