Drilling Tools International publishes investor presentation outlining strategy and drilling-tool portfolio expansion
Reuters2026/08/14 17:28- 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.
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