{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-020311","form_type":"8-K","ticker":"INVX","cik":"0001042893","company_name":"Innovex International, Inc.","filed_at":"2022-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.376386+00:00","generated_at":"2026-06-22T23:16:54.210254+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Dril-Quip Q3 revenue $88.1M, net income $15.2M on forge sale; adj EBITDA $7.0M","bullets":["Revenue $88.1M, down $5.8M vs Q2; net income $15.2M ($0.45 EPS) including $17.3M gain on Houston forge sale.","Adjusted EBITDA $7.0M (8.0% of revenue), down from $9.3M in Q2; free cash flow negative $9.2M.","Gross new orders $75.0M; net bookings $61.7M after $13.3M cancellations; full-year bookings growth revised to 15-20%.","Repurchased $11.1M shares in Q3; $103M remaining authorization; cash $315.6M.","Upgraded MSCI ESG rating to 'A'; footprint rationalization on track with $20-30M expected from remaining sales."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-020311","json":"https://secwatch.observer/filing/0000950170-22-020311.json","markdown":"https://secwatch.observer/filing/0000950170-22-020311.md","text":"https://secwatch.observer/filing/0000950170-22-020311.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042893/000095017022020311/0000950170-22-020311-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042893/000095017022020311/drq-20221027.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T23:16:54.210254+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5b7087504b20a92611cf42e0650da5865c0d2853","claim":"Innovex International, Inc. reported the third quarter of 2022 results: revenue $88.1 million, net income $15.2 million, EPS $0.45 earnings per share. Guidance lowered.","evidence_excerpt":"Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the third quarter of 2022. Results for the third quarter of 2022 included: • Revenue of $88.1 million for the third quarter of 2022, a decrease of $5.8 million from the second quarter of 2022 driven by unfavorable foreign exchange rate impacts, supply chain delays in downhole tools and reduced leasing revenues in subsea service; • Net income of $15.2 million, or $0.45 earnings per share, an increase of $20.8 million, or $0.61 per share compared to the second quarter of 2022, due to the gain on sale of the Houston forge facility, lower income taxes, and lower restructuring costs in the period;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042893/000095017022020311/0000950170-22-020311-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of 2022"},{"label":"Revenue","value":"$88.1 million"},{"label":"Net income","value":"$15.2 million"},{"label":"EPS","value":"$0.45 earnings per share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}