Company and Stock Basics
DTI is a Houston, Texas based leading oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. With roots dating back to 1984, DTI operates from 15 service and support centers across North America and maintains 11 international service and support centers across the EMEA and APAC regions.
DTI trades on the Nasdaq Capital Market under the ticker symbol “DTI.”
DTI went public on June 19, 2023.
DTI is headquartered in Houston, Texas, and operates from 15 service and support centers across North America and maintains 11 international service and support centers across the EMEA and APAC regions.
Executive officer and Board of Director biographies are available under the “Corporate Governance” section here.
DTI's CUSIP is 26205E107, ISIN is US26205E1073, and SEC CIK number is 0001884516.
Dividends and Distributions
DTI does not currently pay a dividend on its common stock. The Board periodically reviews the Company's capital allocation plans, and any future decision on dividends would be disclosed through SEC filings and press releases. DTI has prioritized reinvestment in its rental tool fleet, debt management, and organic/M&A growth rather than dividend distributions.
DTI does not currently offer a direct stock purchase plan or a dividend reinvestment plan. Shares of DTI can be purchased through a brokerage account, and the Board would evaluate a formal direct stock purchase plan only if it determined such a plan supported its capital allocation strategy.
Stock Transfer and Shareholder Services
Continental Stock Transfer & Trust Company is DTI's transfer agent for its common stock.
Continental Stock Transfer & Trust Company
cstmail@continentalstock.com
www.continentalstock.com
212-509-4000
If you hold your shares through a broker, bank, or other nominee (“street name”), you should contact your broker directly.
Registered shareholders should contact Continental Stock Transfer & Trust Company directly to update address or account details.
Continental Stock Transfer & Trust Company
cstmail@continentalstock.com
www.continentalstock.com
212-509-4000
If your shares are held in street name, you must update your address through your broker or bank.
Most DTI shareholders hold shares electronically through a brokerage account or the Direct Registration System (DRS) rather than paper certificates. If you hold a physical certificate and it is lost, stolen, or destroyed, and you are a registered holder, contact the transfer agent, Continental Stock Transfer & Trust Company, to initiate a replacement process.
Continental Stock Transfer & Trust Company
cstmail@continentalstock.com
www.continentalstock.com
212-509-4000
If your shares are held in street name, you should contact your broker or bank.
Registered holder account consolidation requests are handled directly through our transfer agent, Continental Stock Transfer & Trust Company.
Continental Stock Transfer & Trust Company
cstmail@continentalstock.com
www.continentalstock.com
212-509-4000
Beneficial holders with shares across multiple brokerage accounts should contact each respective broker.
Financial Reporting and Filings
DTI reports its quarterly and full-year financial results via press release, typically within 45-60 days after each quarter-end and within 60-90 days after fiscal year-end, consistent with SEC reporting deadlines for smaller reporting companies. Investors can also find the underlying Form 10-Q and Form 10-K filings, once filed with the SEC, on the “SEC Filings” page here: https://investors.drillingtools.com/financial-information/sec-filings or on www.SEC.gov.
Once filed with the SEC, SEC filings are posted on the “SEC Filings” page here: https://investors.drillingtools.com/financial-information/sec-filings or on www.SEC.gov.
Quarterly earnings conference call webcasts can be accessed through DTI's “Events” section here: https://investors.drillingtools.com/news-events/events.
DTI operates on a calendar fiscal year ending December 31, consistent with its Q4/full-year reporting cadence.
DTI's independent registered public accounting firm is Grant Thornton, L.L.P.
Analyst Coverage and Stock Information
The list of DTI’s equity research analysts are available on DTI’s “Analyst Coverage” page here.
Historical price data is available through DTI's “Stock Quote & Chart” page here: https://investors.drillingtools.com/stock/stock-quote-chart and major financial data providers.
Investor presentations are posted under the “Presentations” section here: https://investors.drillingtools.com/news-events/presentations.
Corporate Governance and Annual Meeting
DTI’s Annual Meeting date, time, and location is listed on the “Events” page of its website here: https://investors.drillingtools.com/news-events/events.
Registered/record holders vote via the control number on their proxy card or Notice of Internet Availability, using www.proxyvote.com, by phone at 1-800-690-6903, or by mail. Beneficial/street-name holders should follow the voting instruction form provided by their broker, bank, or other nominee.
Please visit the “Corporate Governance” tab here: https://investors.drillingtools.com/governance/governance-overview.
DTI directs proxy-related questions to DTI's outside investor relations firm, Dennard Lascar Investor Relations, at dti@dennardlascar.com.
Contacting Investor Relations
Investor relations inquiries can be directed to InvestorRelations@drillingtools.com or by phone at 832-742-8520, with outside IR support provided by Dennard Lascar Investor Relations at dti@dennardlascar.com.
Shareholders can request email alerts directly through the “Request Email Alerts” section here: https://investors.drillingtools.com/ir-resources/email-alerts.
Questions are typically submitted through InvestorRelations@drillingtools.com or by phone at 832-742-8520, with outside IR support provided by Dennard Lascar Investor Relations at dti@dennardlascar.com.