secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000950170-22-020311
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dril-Quip Q3 revenue $88.1M, net income $15.2M on forge sale; adj EBITDA $7.0M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000095017022020311/0000950170-22-020311-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000095017022020311/drq-20221027.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-020311

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