Drilling Tools International Corp. reported its full year and fourth quarter results for 2024 on March 13, 2025. For the full year 2024, total consolidated revenue was $154.4 million, with tool rental revenue at $117.9 million and product sales revenue at $36.5 million. The company reported a net income of $3.0 million and diluted EPS of $0.09 for the year.
In the fourth quarter of 2024, DTI generated total consolidated revenue of $39.8 million, comprising $31.5 million from tool rental and $8.3 million from product sales. The company reported a net loss of ($1.3) million and diluted EPS of ($0.04) for the quarter. Adjusted EBITDA for Q4 2024 was $9.1 million, and adjusted free cash flow was $5.9 million.
DTI provided its full-year 2025 outlook, projecting revenue between $163 million and $183 million, adjusted EBITDA between $40 million and $50 million, and adjusted free cash flow between $17 million and $21 million. Management expects continued growth in 2025 consolidated revenue, Adjusted EBITDA, and Adjusted Free Cash Flow, with international revenue projected to grow significantly.
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