Mergers & Acquisitions ·
DTI releases investor presentation highlighting pending Saltire acquisition and Q3 financial results
DTIDrilling Tools International Corp
Drilling Tools International filed an 8-K to furnish an investor presentation covering its third-quarter 2026 financial results, which reported $40.6 million in revenue and $9.5 million in adjusted EBITDA. The presentation details the company's pending acquisition of Saltire Energy for approximately $80 million in cash plus stock, a transaction expected to close in Q1 2027 that would increase DTI's Eastern Hemisphere revenue share to roughly 40 percent. Management reaffirmed its full-year 2026 guidance of $155 million to $170 million in revenue and $35 million to $45 million in adjusted EBITDA, while outlining a strategy focused on deleveraging toward a net leverage ratio of approximately 1.0x within 24 months of the Saltire closing. Drilling Tools International operates as an oilfield service provider specializing in downhole drilling tools and rental services.