Drilling Tools International Forecasts 2026 Free Cash Flow and Saltire Acquisition Close
Drilling Tools International (DTI) reported strong third-quarter results, with revenue reaching $40.6 million, representing a 7% sequential increase and a 5% year-over-year growth. The company's adjusted EBITDA rose to $9.5 million, marking a 14% improvement from the previous quarter and expanding margins to approximately 23%. Looking ahead, management provided optimistic long-term guidance, forecasting adjusted free cash flow between $13 million and $22 million for 2026. Additionally, the company is targeting the closing of its acquisition of Saltire in the first quarter of 2027.
Tickers: $DTI
Topics: EBITDA margin expansion quarterly earnings revenue growth