Welcome to our dedicated page for Innovex International news (Ticker: INVX), a resource for investors and traders seeking the latest updates and insights on Innovex International stock.
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 (NYSE:INVX) announced the release of its third quarter 2024 earnings results on November 7, 2024, after the close of U.S. financial markets. A conference call and webcast to discuss the financial results will be held on November 8, 2024, at 10:00 a.m. EDT / 9:00 a.m. CDT. The presentation is open to all interested parties.
Dril-Quip and Innovex Downhole Solutions have completed their merger, forming Innovex International. The new company will begin trading on the NYSE under the symbol "INVX" on September 9, 2024. This merger creates a unique energy industrial platform with a diverse portfolio of technologies supporting customers throughout the well lifecycle.
Key points:
- Dril-Quip's stock (DRQ) ceased trading on September 6, 2024
- The combined company aims to deliver superior growth, cash flow, and returns
- CEO Adam Anderson emphasizes the company's "No Barriers" culture and talented workforce
- The merger is expected to create value for both employees and shareholders
Innovex International has completed its merger with Dril-Quip (NYSE: DRQ), forming a new energy industrial platform. The merged entity, now called Innovex International, will begin trading on the NYSE under the ticker symbol "INVX" on September 9, 2024. As of the close of trading on September 6, 2024, Dril-Quip's stock ceased trading under the symbol DRQ.
This merger combines the strengths of both companies, with Innovex Downhole Solutions' expertise in designing and manufacturing products for the global upstream onshore and offshore activities and Dril-Quip's engineering and service capabilities for the oil and gas industry. The merged entity aims to deliver superior growth, cash flow, and returns, leveraging a talented workforce and a 'No Barriers' culture.