INVX
Innovex International, Inc.21.69
-1.08-4.74%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.50BP/E (TTM)
33.89Basic EPS (TTM)
0.64Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
Q3 revenue up 7%, Eldridge sold
Innovex reported Q3 revenue of $240M, up 7% sequentially, with net income of $39M and Adjusted EBITDA of $44M at 18% margin. It closed the $90M sale of its legacy Dril-Quip Eldridge facility, netting $87M to fuel subsea transformation and OneSubsea exclusivity. Facility exit costs hit margins, yet cash flow hit $48M operating. Q4 guides $235-245M revenue, $42-47M Adjusted EBITDA.
10-Q
Q2 FY2025 results
Innovex International's Q2 FY2025 revenues surged 72% y/y to $224.2M, propelled by the Dril-Quip merger and acquisitions of SCF in February and Citadel in May, while products, services, and rentals each grew sharply; operating income climbed 74% y/y to $22.7M, with gross margins holding steady amid integration costs. YTD through June 30, 2025, revenues rose 80% y/y to $464.6M, operating income increased 26% y/y to $44.5M, and diluted EPS of $0.43 aligned with 69.3M weighted shares, reflecting no material anti-dilution. Free cash flow hit $75.9M YTD (derived), bolstered by $90.3M operating cash flow minus $14.4M capex, while cash stood at $68.8M and revolver availability reached $110.4M under the $200M facility maturing 2030. Citadel added $18.2M goodwill and $23.8M intangibles amortized over 9.6 years, enhancing downhole tech. Yet competition in volatile oil markets poses ongoing risks.
8-K
Q2 results and Citadel acquisition
Innovex International reported Q2 2025 revenue of $224 million, down 7% sequentially amid falling oil prices, yet delivered net income of $15 million and Adjusted EBITDA of $47 million, showcasing portfolio resilience. The company closed its $70 million all-cash acquisition of Citadel Casing Solutions on May 30, adding complementary cementing tools and blue-chip customers for expected organic growth. Free cash flow hit $52 million. Q3 guidance projects $230-$240 million revenue and $40-$45 million Adjusted EBITDA.
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