Innovex International, Inc. reports developments for a global energy-products business serving oil and natural gas operators across the well lifecycle. The company was established in 2024 following the merger of Dril-Quip, Inc. and Innovex Downhole Solutions, Inc., and its portfolio includes subsea, surface wellhead, well construction, well completion, production solutions, fishing and intervention products.
News for INVX centers on quarterly results, capital allocation, share repurchase activity, selling-stockholder offerings, product introductions, cross-selling across its platform and completed acquisitions such as Drilling Innovative Solutions. Updates also cover operations across North America, Latin America, Europe, the Middle East and Asia.
Innovex International (INVX) reported third-quarter 2026 revenue of $265 million, up 8% sequentially and 10% from a year earlier. Net income was $26.286 million, versus $25.031 million in the second quarter and $39.228 million a year earlier. Diluted earnings per share were $0.37, versus $0.36 and $0.57, respectively. Adjusted EBITDA, a non-GAAP measure of earnings excluding specified items, reached $55.400 million, with a 21% margin.
Operating cash flow was $38.819 million, and quarter-end cash was $188.763 million, with no bank debt. Contract wins included $30+ million of subsea wellhead work in Indonesia and $9+ million through the OneSubsea Alliance. Innovex expects fourth-quarter revenue of $260–$270 million and adjusted EBITDA of $53–$58 million. Management cautioned that project timing and geopolitical uncertainty could cause quarterly variability.
Innovex International (NYSE: INVX) will release its third-quarter 2026 earnings results on October 29, 2026, after the market closes.
Management will discuss the results during a conference call and webcast on October 30, 2026, at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time. A webcast replay will be available shortly afterward through the Investors section of the company’s website.
Innovex International (NYSE: INVX) announced the pricing of an underwritten secondary offering of 5,000,000 shares of common stock to be sold by certain affiliates of Amberjack Capital Partners. Innovex is not issuing any shares and will receive no proceeds. The offering is expected to close on August 10, 2026, subject to customary conditions, with Barclays acting as sole underwriter.
According to Innovex, shares may be sold on the NYSE, over-the-counter, or through negotiated transactions at market-related or negotiated prices, under an effective Form S-3 shelf registration and related prospectus supplements filed with the SEC.
Innovex International (NYSE: INVX) announced an underwritten public offering of 5,000,000 shares of its common stock to be sold by certain affiliates of Amberjack Capital Partners as selling stockholders. Innovex will not issue any new shares in this Offering and will not receive any proceeds.
The Offering’s completion is subject to market and other conditions. Barclays will act as sole underwriter and may sell shares on the NYSE, over-the-counter, or through negotiated transactions at prevailing or negotiated prices. The Offering will be made solely via a prospectus supplement and base prospectus under an effective Form S-3 shelf registration filed with the SEC.
Innovex (NYSE: INVX) reported second quarter 2026 revenue of $244.9 million, up 2% sequentially and 9% year-over-year, with net income of $25.0 million (10% margin) and Adjusted EBITDA of $48.0 million (20% margin). Net cash from operating activities was $37.0 million and Free Cash Flow was $30.4 million. The company ended the quarter with $222.1 million of cash and cash equivalents and no bank debt, and reported income from operations of $100 million and ROCE of 12% for the twelve months ended June 30, 2026.
Operationally, Innovex won an additional $20 million subsea tension riser award in Malaysia, completed its first XPak trial with a major independent in Asia, and closed the $95 million cash-and-stock acquisition of TCO on July 1, 2026. For Q3 2026, Innovex guides to revenue of $260–$270 million and Adjusted EBITDA of $51–$57 million, including TCO.
Innovex International (NYSE: INVX) will release its second quarter 2026 earnings results on August 3, 2026, after the market closes. Management will discuss the results on a public conference call and webcast on August 4, 2026 at 9:00 a.m. Eastern / 8:00 a.m. Central.
The call is open to all interested parties and may include forward-looking statements. Participants can join via webcast at https://events.q4inc.com/attendee/159948172 or by U.S. toll-free dial-in at +1 (833) 461-5787 or U.S. local dial-in at +1 (585) 542-9983, using Meeting ID 159948172. A replay will be available afterward through the Investors section of Innovex’s website.
Innovex (NYSE: INVX) completed its acquisition of TCO Group AS in a cash-and-stock deal valued at $95 million. The transaction is expected to enhance Innovex's margin profile and be accretive to earnings per share.
Innovex plans to leverage TCO's glass barrier technologies and its presence in Norway and the UAE to extend Innovex's portfolio reach.
Innovex (NYSE: INVX) signed an agreement to acquire TCO Group in a cash-and-stock deal valued at $95 million, expected to close early Q3 2026.
TCO generated 2025 net income of about $12 million and Adjusted EBITDA of $18 million, implying a valuation of 5.4x EBITDA and expected EPS accretion and ROCE above idle cash.
Innovex (NYSE: INVX) reported Q1 2026 results: revenue $239.0M (down 13% QoQ, down 1% YoY) and a net loss $16.7M. Adjusted EBITDA was $49.3M (21% margin), Free Cash Flow $14.0M, and cash of $201M with no bank debt. The company closed the $16M DIS acquisition, repurchased $14.1M of shares, and won two subsea awards in Asia each exceeding $20M. Q2 2026 guidance: revenue $235–$245M, Adjusted EBITDA $43–$48M.
Innovex International (NYSE: INVX) will release first quarter 2026 earnings after market close on May 4, 2026, followed by a conference call and webcast on May 5, 2026 at 9:00 a.m. ET / 8:00 a.m. CT to discuss results.
Webcast access, U.S. and international dial-in numbers, conference ID 1801745, and an audio replay available through midnight May 13, 2026 are provided. A webcast replay will be archived on the company's website shortly after the call.