Innovex International, Inc. filings document formal disclosures for an oil and gas well-products company formed from the Dril-Quip and Innovex Downhole Solutions merger. Recent 8-K reports furnish quarterly results, earnings presentations and non-GAAP reconciliations, while proxy materials cover annual meeting matters, board governance and executive compensation.
The filing record also includes material-event disclosures on common-stock offering agreements by selling stockholders, share repurchase activity under the company's repurchase program, director changes and litigation involving Downhole Well Solutions, LLC, a wholly owned subsidiary, and friction-reduction tools used in directional drilling.
Innovex International, Inc. is facilitating a secondary underwritten resale of 5,000,000 shares of its common stock by existing selling stockholders under a Rule 424(b)(7) prospectus supplement to its shelf registration. Barclays has agreed to purchase the shares from the selling stockholders at $28.71 per share, providing $143,550,000 in proceeds to those stockholders before expenses; Innovex will not receive any proceeds.
As of August 4, 2026, 69,935,827 shares of common stock were outstanding. Amberjack Capital Partners L.P. and its affiliates beneficially own about 33% of Innovex before the offering and are expected to hold about 26% afterward, reducing their right under a stockholders’ agreement to designate board nominees from three to two. The shares are listed on the NYSE under “INVX”; the last reported sale price on August 5, 2026 was $30.44 per share. The company highlights ongoing acquisition activity, a 45‑day lock-up for the company, officers, directors and selling stockholders, and states it does not expect to pay cash dividends in the foreseeable future, instead prioritizing reinvestment, potential repurchases and acquisitions.
Innovex International, Inc. has filed a prospectus supplement for the resale by existing investors of 5,000,000 shares of common stock under an existing shelf registration. All shares are being sold by the selling stockholders; Innovex will not receive any proceeds, while Barclays acts as underwriter.
The common stock trades on the NYSE under the symbol INVX; the last reported sale price on August 4, 2026 was $31.63 per share. The supplement sits on a base shelf covering up to 29,369,822 shares received by these holders in the Innovex Downhole merger, and after this offering the selling stockholders will still hold 17,757,322 registered shares.
Amberjack Capital Partners L.P. and affiliates currently beneficially own about 33% of Innovex’s outstanding common stock and are expected to own about 26% after this sale, while total shares outstanding were 69,935,827 as of August 4, 2026. The company and key holders have agreed to a 45‑day lock‑up on additional sales, subject to customary exceptions.
Innovex International, Inc. executive Mark Reddout, President of North America, reported selling 10,000 shares of Common Stock on August 4, 2026 at $30.00 per share. The sale is described as an open market or private transaction under a Rule 10b5-1 plan adopted on March 2, 2026. Following this trade, he directly holds 124,312 shares.
Innovex International, Inc. designs and rents engineered well-centric products for the global oil and gas industry. For the quarter ended June 30, 2026, revenue rose 9% to $244.9 million, with net income of $25.0 million (diluted EPS $0.36) versus $15.3 million a year earlier. Growth in North American and international activity and a $9.9 million gain on asset sales offset higher selling, general and administrative expenses.
For the first six months of 2026, revenue was $483.9 million compared with $464.6 million, but net income fell to $8.4 million from $30.1 million, primarily due to a $51.6 million legal settlement provision related to the Impulse litigation. Adjusted EBITDA represented about 20.1% of revenue. Operating cash flow was $56.9 million, capital expenditures were $12.5 million, and cash and restricted cash totaled $222.1 million with $25.1 million of finance-lease debt and no revolver borrowings. In 2026 the company acquired Drilling Innovative Solutions for $17.6 million and agreed to acquire TCO Group for roughly $95 million, and it repurchased 575,000 shares for about $14.1 million under its $100 million buyback program.
A shareholder of INVX, identified as Mark Reddout, has filed to sell up to 10,000 shares of common stock through UBS Financial Services, Inc. on the NYSE, with an approximate aggregate market value of $300,000.00. The filing also lists prior sales of 10,750 common shares for about $301,000.00 on June 2, 2026, and notes that the 10,000 shares to be sold were received as a stock award from the issuer on July 3, 2024.
Innovex International reported strong second-quarter 2026 results. Revenue was $245 million, up 2% sequentially and 9% year-over-year, with net income of $25 million and a 10% net margin. Adjusted EBITDA was $48 million with a 20% margin, and Free Cash Flow was $30 million.
The company generated $37 million of net cash from operating activities and about $7 million of capital expenditures, ending the quarter with $222 million of cash and cash equivalents and no bank debt. Income from operations for the twelve months ended June 30 2026 was $100 million, supporting a 12% Return on Capital Employed.
On July 1 2026, Innovex closed the acquisition of TCO Group AS in a cash-and-stock transaction valued at $95 million, described as high-margin and expected to be accretive to earnings per share. For third-quarter 2026, the company expects revenue of $260–$270 million and Adjusted EBITDA of $51–$57 million, including TCO contributions.
Innovex International, Inc. filed an amended current report to update the disclosed share issuance related to a completed acquisition.
On July 1, 2026, Innovex closed its acquisition of TCO Group AS and issued 1,060,713 shares of common stock as merger consideration. The share count was based on the average of the volume weighted average trading prices on the New York Stock Exchange over the fifteen trading days immediately before June 15, 2026. The issuance relied on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933.
Innovex International, Inc. agreed to acquire all issued shares of Norwegian oilfield equipment company TCO Group AS for an aggregate Purchase Price of approximately $95 million, paid as $65 million in cash and $30 million in newly issued Innovex common shares.
The stock portion is priced at about $28.20 per share, resulting in roughly 1,063,829 consideration shares subject to a six‑month lock‑up after closing. TCO Group generated 2025 revenue of $70 million, net income of $12.4 million, Adjusted EBITDA of $17.6 million and Free Cash Flow of $11.5 million, implying an 18% net margin and 25% Adjusted EBITDA Margin.
Based on 2025 figures, Innovex estimates a Transaction Return on Capital Employed of 14% and expects the deal to be approximately 13% accretive to its basic EPS as if completed at the start of 2025. Closing is expected early in the third quarter of 2026, subject to customary conditions.
Innovex International, Inc. executive Mark Reddout, President of North America, reported an open-market sale of 10,750 shares of common stock at $28.00 per share. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on March 2, 2026.
After this transaction, Reddout continues to hold 134,312 shares of Innovex common stock directly, so he retains a significant ongoing stake in the company despite the sale being a net reduction in his holdings.