Drilling Tools International expects Saltire deal to lift pro forma adjusted free cash flow more than 80%
DTI•Drilling Tools International expects its pending Saltire acquisition to increase pro forma adjusted free cash flow by more than 80%. It reaffirmed 2026 revenue guidance of $155 million-$170 million and revised adjusted free cash flow guidance to $13 million-$22 million.
1. 2026 outlook and cash flow
Drilling Tools International reaffirmed its 2026 revenue outlook of $155 million-$170 million and adjusted EBITDA guidance. Its revised adjusted free cash flow guidance of $13 million-$22 million reflects targeted growth investments supporting contract awards and rising demand. The company forecasts $18 million-$20 million in maintenance capital spending and $3 million-$4 million in growth spending. The pending Saltire acquisition is expected to lift adjusted free cash flow by more than 80% on a pro forma basis; debt reduction will be its primary cash-flow priority until net leverage reaches approximately 1.0 times within 24 months of closing.
