Drilling Tools International publishes investor presentation outlining strategy and drilling-tool portfolio expansion

Reuters2026/08/14 17:28

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Drilling Tools International highlighted Q2 2026 revenue of $38.1 million, Adj. EBITDA of $8.4 million in a lower rig-count environment.
International mix reached 18% of Q2 revenue, supported by 26 service and support facilities across Western and Eastern Hemisphere operations.
Reaffirmed 2026 outlook calling for revenue of $155 million-$170 million, Adj. free cash flow of $17 million-$22 million.
Balance sheet actions include an $80 million ABL credit facility, a $25 million term loan maturing in March 2029.
Capital return plan includes a $10 million share repurchase program, with about $2 million of common stock repurchased.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Drilling Tools International Corporation published the original content used to generate this news brief on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Drilling Tools International publishes investor presentation outlining strategy and drilling-tool portfolio expansion

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