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Innovex International (INVX)
NYSE:INVX
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: -0.53%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
While Innovex demonstrated strong revenue growth and cash flow generation, challenges in international markets, particularly Mexico, and uncertainty in the U.S. land market cloud future prospects. The successful deployment of new technology and strategic sales highlight strengths but are tempered by existing market challenges.Company Guidance
During Innovex's First Quarter 2025 Earnings Call, the company provided guidance for the second quarter, anticipating adjusted EBITDA between $40 million and $45 million and revenues ranging from $225 million to $235 million. This guidance reflects a sequential decrease, driven by continued weakness in Mexican operations and seasonal declines in Canada. Despite the anticipated revenue drop, Innovex emphasized its flexible and capital-light business model, which historically converts 50% to 60% of EBITDA into free cash flow. The company also noted its strong cash position, with a net cash balance of $43 million and an additional $95 million expected from the sale of the Eldridge facility, providing substantial capital for strategic acquisitions or share repurchases. Innovex's focus remains on maintaining margins, growing market share, and leveraging its robust balance sheet to exploit opportunities throughout the oil cycle.Record Revenue Growth
First quarter revenue was $240 million, an increase of 88% year-over-year, driven by the Dril-Quip and DWS acquisitions.
Strong Free Cash Flow
Generated $24 million of free cash flow, converting 52% of adjusted EBITDA, showcasing resilience in cash flow generation.
Successful Technology Deployment
First deployment of VXTE technology was successful, potentially saving up to seven days of installation time for customers.
SubZERO Centralizer Technology
Innovex's SubZERO technology saved $300,000 on a single well, reducing lead time by 60% and increasing margins.
Sale of Eldridge Facility
Entered into a definitive agreement to sell the Dril-Quip Eldridge facility for $95 million, approximately 9% of market cap, to consolidate and drive efficiencies.
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INVX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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INVX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $15.03 | $15.43 | +2.66% |
Feb 25, 2025 | $16.14 | $18.93 | +17.29% |
Nov 07, 2024 | $15.89 | $15.40 | -3.08% |
Aug 01, 2024 | $16.21 | $15.22 | -6.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Innovex International (INVX) report earnings?
Innovex International (INVX) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Innovex International (INVX) earnings time?
Innovex International (INVX) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INVX EPS forecast?
Currently, no data Available
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