Innovex International Inc Stock Price, News & Analysis

Innovex (NYSE: INVX) reported Q3 2025 results: revenue $240.0M (up 7% QoQ), net income $39.2M (16% margin), Adjusted EBITDA $43.6M (18% margin) and free cash flow $36.5M. The company closed the sale of its Eldridge facility for $90.0M (≈$87M net proceeds), ended the quarter with $163.4M cash and $26M total debt, and reported ROCE 13% (TTM). Innovex signed an exclusive subsea wellhead agreement with OneSubsea and provided Q4 2025 guidance of $235–245M revenue and $42–47M Adjusted EBITDA. Management noted integration progress on Citadel and ongoing costs to exit the Eldridge facility through year end.

Innovex International (NYSE: INVX) will release its third quarter 2025 earnings on November 3, 2025 after U.S. market close. Management will host a conference call and webcast to discuss results on November 4, 2025 at 9:00 AM Central Time / 10:00 AM Eastern Daylight Time. The call is open to all and may include forward-looking information.

Access details: live webcast at https://events.q4inc.com/attendee/627013927, U.S. toll-free dial-in (800) 715-9871, international +1 (646) 307-1963, Conference ID 6263613. An audio replay will be available through midnight November 11, 2025 via (800) 770-2030 or +1 (609) 800-9909 using playback ID 6263613. A replay of the webcast will be archived on the company's website.

Innovex (NYSE:INVX) has completed the sale of its Eldridge facility in Houston, Texas for $90.0 million, generating net proceeds of approximately $86.5 million. The company has entered into a short-term lease agreement through December 31, 2025, at $650,000 per month to facilitate ongoing facility consolidation.

The transaction represents nearly 7% of Innovex's current market cap and will reduce the company's Houston Subsea operations square footage by 80%. The strategic move aligns with Innovex's goals of maintaining a lean cost structure and strengthening its balance sheet. The company plans to use the proceeds for potential M&A opportunities and its share repurchase program, which has over $90 million in remaining capacity.

Innovex (NYSE:INVX) has been selected as the exclusive manufacturer and supplier of wellhead systems for OneSubsea, marking a significant strategic partnership in the energy industry. Under this agreement, OneSubsea will transition from manufacturing to procuring wellhead systems, with Innovex becoming their sole global provider of both legacy OneSubsea and Innovex wellhead systems.

The transition is already in progress and is expected to complete by the end of 2026. This partnership builds on their existing multi-year collaboration, aiming to optimize portfolio management and ensure global access to field-proven wellhead systems. The agreement will integrate Innovex wellheads fully into OneSubsea's project delivery value chain.

Innovex International (NYSE:INVX) reported Q2 2025 financial results with revenue of $224 million, down 7% quarter-over-quarter, and net income of $15 million. The company achieved an Adjusted EBITDA of $47 million with a 21% margin and generated Free Cash Flow of $52 million.

Key highlights include the completion of the Citadel Casing Solutions acquisition for $70 million, which was 8% accretive to EPS and purchased at 3.8x LTM Adjusted EBITDA. The company maintains a strong balance sheet with $69 million in cash and $41 million in total debt. For Q3 2025, Innovex expects revenue of $230-240 million and Adjusted EBITDA of $40-45 million.

Innovex International (NYSE:INVX) has scheduled its second quarter 2025 earnings release for August 5, 2025, after U.S. market close. The company will host a conference call and webcast to discuss the results on August 6, 2025, at 10:00 AM EDT / 9:00 AM CDT.

Interested parties can access the call via U.S. toll-free number (800) 715-9871 or international dial-in +1 (646) 307-1963 using Conference ID 1774704. A webcast will be available at events.q4inc.com. An audio replay will be accessible until August 13, 2025, using playback ID 1774704.

Innovex International (NYSE:INVX) has completed the divestment of its Subsea Tree product line to Trendsetter Engineering in an all-cash transaction. The divested product line represented less than 1% of Innovex's combined revenue in the trailing twelve-month period ending Q1 2025.

As part of the deal, Innovex will maintain intellectual property rights for its recently installed subsea tree orientation systems (VXTe), with plans to license this technology to subsea tree manufacturers. The strategic move aims to enhance focus on core product lines within Innovex's subsea portfolio to improve customer responsiveness and deliver better growth, cash flow, and returns for shareholders.

Innovex International (NYSE: INVX) has completed the acquisition of Citadel Casing Solutions, a leading provider of downhole technologies. The transaction values Citadel at 3.8x LTM Adjusted EBITDA and is expected to be 8% accretive to Innovex's EPS. Innovex anticipates $2 million in cost synergies within 3 months, with additional synergies expected long-term. Citadel's key product, TrenchFoot™ Wet Shoe technology, improves reservoir access and production efficiency. The all-cash acquisition aligns with Innovex's M&A strategy focusing on single-use, highly engineered products with a "Big Impact, Small Ticket" value proposition. The deal strengthens Innovex's position in the cementing tool market for US Land while supporting growth in offshore and international markets.

Innovex International (NYSE: INVX) reported Q1 2025 financial results with revenue of $240 million, down 4% quarter-over-quarter. The company posted net income of $15 million with a 6% margin and Adjusted EBITDA of $46 million. Key highlights include the acquisition of SCF Machining Corporation, successful installation of VXTeTM Self-Orientating Vertical Tree, and a planned sale of Dril-Quip Eldridge facility for $95 million. The company has initiated a share buyback program, repurchasing 395,234 shares at an average price of $14.94. For Q2 2025, Innovex expects revenue of $225-235 million and Adjusted EBITDA of $40-45 million, anticipating continued softness in Mexico and slight activity declines in the NAM land market.