Drilling Tools International reaffirms 2026 revenue outlook of $155 million-$170 million

Reuters2026/09/08 21:49

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Drilling Tools International reaffirmed 2026 outlook for revenue of $155-170 million, implying growth at the midpoint.
Adjusted free cash flow forecast of $17-22 million, with adjusted free cash flow margin outlook of 11-13%.
Guidance follows Q2 2026 revenue of $38.1 million, with adjusted EBITDA of $8.4 million despite a lower rig-count environment.
Eastern Hemisphere contribution reached about 18% of Q2 2026 revenue, up from less than 1% before the post-IPO expansion.

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 September 08, 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 reaffirms 2026 revenue outlook of $155 million-$170 million

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