Drilling Tools International Corporation (DTI) Q2 2026 Earnings Call Transcript

Thank you, operator. Good morning, everyone. We appreciate your joining us for Drilling Tools International's 2026 Second Quarter Conference Call and Webcast. With me today are Wayne Prejean, Chairman and Chief Executive Officer, and David Johnson, Chief Financial Officer. Following my remarks, management will provide a review of second quarter results and 2026 outlook before opening the call for your questions. There will be a replay of today's call that will be available by webcast on the company's website, and that's drillingtools.com. There'll also be a telephonic recorded replay available until August 14th. Please note that any information reported on this call speaks only as of today, August 7, 2026, and therefore, you're advised that time-sensitive information may no longer be accurate as of the time of any replay listening or transcript reading. Also, comments on this call will contain forward-looking statements within the meaning of the United States federal securities laws. These forward-looking statements reflect the current views of DTI's management. However, various risks and uncertainties and contingencies could cause actual results, performance, or achievements to differ materially from those expressed in the statements made by management. The listener or reader is encouraged to read the annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K to