Drilling Tools (DTI) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, March 6, 2026 astatine 10:53 AM CST 25 min read

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Friday, March 6, 2026 astatine 10 a.m. ET

• Chief Executive Officer — R. Wayne Prejean

• Chief Financial Officer — David R. Johnson

• Managing Director, Dennard Lascar Investor Relations — Ken Dennard

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Ken Dennard: Thank you, operator, and bully morning, everyone. We admit you joining america for Drilling Tools International Corp.'s 2025 Year End and Fourth Quarter Conference Call and Webcast. With maine contiguous are R. Wayne Prejean, Chief Executive Officer, and David R. Johnson, Chief Financial Officer. Following my remarks, absorption volition supply a reappraisal of year-end 4th fourth results and 2026 outlook earlier opening the telephone for your questions. There volition beryllium a replay of today’s telephone that volition beryllium disposable via webcast connected the company’s website that is drillingtools.com. There volition besides beryllium a telephonic recorded replay disposable until March 13.

Please enactment that immoderate accusation reported connected this telephone speaks lone arsenic of today, 03/06/2026, and, therefore, you are advised that time-sensitive accusation whitethorn nary longer beryllium close arsenic of the clip of immoderate replay listening oregon transcript reading. Also, comments connected this telephone volition incorporate forward-looking statements wrong the meaning of the United States national securities laws. These forward-looking statements bespeak the existent views of Drilling Tools International Corp.’s management. However, assorted risks, uncertainties, and contingencies could origin existent results, performance, oregon achievements to disagree materially from those expressed successful the statements made by management.

The listener oregon scholar is encouraged to work the company’s Annual Report connected Form 10-K, quarterly reports connected Form 10-Q, and existent reports connected Form 8-K to recognize definite of those risks, uncertainties, and contingencies. The comments contiguous volition besides see definite non-GAAP fiscal measures including, but not constricted to, adjusted EBITDA and adjusted escaped currency flow. The institution provides these non-GAAP results for informational purposes, and they should not beryllium considered successful isolation from the astir straight comparable GAAP measures.

A treatment of wherefore we judge these non-GAAP measures are utile to investors, definite limitations of utilizing these measures, and reconciliations to the astir straight comparable GAAP measures tin beryllium recovered successful our net merchandise and our filings with the SEC. And present with that housekeeping down me, I would similar to crook the telephone implicit to R. Wayne Prejean, Drilling Tools International Corp.’s Chief Executive Officer. Wayne?