Every material Form 8-K Drilling Tools International Corp has filed with the SEC since October 13, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Drilling Tools International furnished an investor presentation under Regulation FD that reaffirms its 2026 revenue and Adjusted EBITDA outlook and revises its capital expenditure and Adjusted Free Cash Flow outlook. The deck also details the pending Saltire Energy acquisition, which would be paid for with about $80 million in cash and 17.4 million DTI shares and requires DTI stockholder approval.
Q3 2026 revenue was $40.6 million and Adjusted EBITDA was $9.5 million, which the company says increased sequentially.
2026 guidance reaffirmed: revenue of $155 million to $170 million and Adjusted EBITDA of $35 million to $45 million.
Saltire consideration is about $80 million in cash plus 17.4 million DTI shares, with Saltire run-rate Adjusted EBITDA of $22.5 million and expected closing in Q1 2027.
Drilling Tools International reported third-quarter 2026 revenue of $40.6 million, up from $38.8 million a year earlier, while its net loss attributable to shareholders widened to $2.6 million, or $0.07 per share, from $0.9 million, or $0.03 per share. The company also cut the low end of its 2026 Adjusted Free Cash Flow outlook and raised its capital expenditure outlook, while saying it is on track to close the Saltire acquisition in the first quarter of 2027.
Q3 2026 revenue was $40.6 million versus $38.8 million in Q3 2025; Adjusted EBITDA was $9.5 million versus $9.1 million.
Net loss attributable to shareholders was $2.6 million, or $0.07 per share, versus a loss of $0.03 per share a year earlier; transaction expense was $2.2 million.
2026 capital expenditure outlook raised to $22 million to $23 million; Adjusted Free Cash Flow outlook revised to $13 million to $22 million from $17 million to $22 million.
Revenue and Adjusted EBITDA remain within prior guidance, with the company expecting to finish toward the lower end of both ranges.
Drilling Tools International said its subsidiary has hired a Norwegian investment bank to arrange fixed income investor meetings in the Nordic market starting October 14, 2026, ahead of a possible U.S. dollar senior secured bond issue. Proceeds would partly fund the previously announced Saltire Energy Limited acquisition, repay the existing term loan in full, and repay part of the asset-based revolving credit facility.
Investor meetings in the Nordic market are set to begin October 14, 2026; the bond issue may follow, subject to market conditions.
Bond proceeds would partly finance the Saltire Energy Limited acquisition and repay the existing term loan in full.
The bonds would be sold only to qualified institutional buyers and non-U.S. persons, and are not registered under the Securities Act.
The company states the bond issue may not be completed on the anticipated terms or at all.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Drilling Tools International Corp filing is on SEC EDGAR ↗. 8-K briefs of other companies →