Drilling Tools International Corp (DTI) · Nov 5, 2026 · Earnings

Drilling Tools International earnings miss as FCF guide slips

Miss — Revenue $40.645M vs ~$40.87M consensus; GAAP EPS $(0.07) vs ~$0.03

Drilling Tools International earnings came in below expectations, while its 2026 free-cash-flow outlook narrowed because growth investments are absorbing more cash.

DTI is a rental-focused oilfield-tools provider expanding from its North American base into a more international platform, with the pending Saltire acquisition intended to lift the Eastern Hemisphere to roughly 40% of pro forma revenue.

The quarter was a modest earnings miss, not a growth break: Revenue reached $40.645 million, slightly below published expectations of roughly $40.87 million, while GAAP EPS was a $0.07 loss against a consensus profit of about $0.03. The shortfall matters because DTI is still not producing GAAP profits, and adjusted net income also slipped to a $0.01 per-share loss from $0.01 of adjusted earnings a year earlier.

Metric	Q3 2026	Q3 2025	Consensus / prior guide
Revenue (Income Statement)	$40.645M (+4.7%)	$38.817M	~$40.87M
GAAP diluted EPS (Income Statement)	$(0.07)	$(0.03)	~$0.03
Adjusted EBITDA (EBITDA reconciliation)	$9.503M (+4.3%)	$9.115M
Adjusted free cash flow (FCF reconciliation)	$3.776M (-32.3%)	$5.573M
FY26 revenue guide (2026 outlook)	$155M–$170M
FY26 adjusted FCF guide (2026 outlook)	$13M–$22M		$17M–$22M

Underlying operating momentum improved sequentially, but cash conversion weakened: Adjusted EBITDA rose year over year to $9.5 million and management said it increased sequentially as global rig activity improved. That is the constructive part of the quarter, but nine-month adjusted EBITDA fell to $25.4 million from $29.2 million and nine-month adjusted free cash flow dropped to $7.7 million from $13.1 million. The business is spending more to support contracted growth, but the near-term payoff has not yet shown up in cash generation.

The revenue and EBITDA outlook held, while the cash-flow outlook effectively weakened: DTI maintained its $155 million–$170 million revenue range and $35 million–$45 million adjusted EBITDA range, but its adjusted FCF range is now $13 million–$22 million, versus the earlier $17 million–$22 million range. Management attributes roughly $4 million of the pressure to targeted growth investments, including ClearPath-related expansion. This is not a demand collapse, but it does mean the company is trading current cash generation for expansion at a time when the balance sheet still matters.

Saltire remains the larger strategic upside, but it is not yet part of reported results: The pending transaction would add approximately $50.4 million of run-rate revenue and $22.5 million of adjusted EBITDA, with an expected Q1 2027 close subject to stockholder, regulatory and financing conditions. The acquisition was already known, so this presentation mainly reinforces the planned international scale rather than creating a new surprise.

Bottom line: DTI is still executing its international expansion plan, but this quarter showed weaker-than-expected earnings and lower near-term cash conversion. The story remains intact, though the cost of funding growth is now more visible.

What to watch next

Saltire stockholder vote and expected Q1 2027 closing

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

58% bullish

Bull 58%Neu 27%Bear 15%

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Drilling Tools International earnings miss as FCF guide slips

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