Dril-Quip Q4 revenue $96.8M (+24% YoY); net loss narrows to $0.3M; guides 2023 revenue growth 10%

Innovex International, Inc.

2022-FY EPS reported $0.01 revenue$362,070,000

Q4 revenue $96.8M, up 10% sequentially and 24% YoY; net loss $0.3M vs net income $15.2M in Q3.
Adjusted EBITDA $10.4M, up 48% sequentially and from $0.6M a year ago; gross margin 31.2%.
Q4 net bookings $93.8M, up 52% sequentially and 18% YoY; full-year bookings $271.6M.
2023 outlook: revenue growth ~10%, bookings growth 10-20%, adjusted EBITDA incremental margins 40-60%.
Repurchased 888k shares for $20.8M at avg $23.41; $103M remaining under authorization.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Innovex International, Inc. reported full year 2022 results: revenue $362.1 million, net income Net Income of $0.4 million. Guidance initiated.

Period: full year 2022
Revenue: $362.1 million
Net income: Net Income of $0.4 million
Guidance: initiated
Result: reported results

Exact text from the filing

in revenue was driven by higher product and service revenues across all regions reflecting the ongoing upcycle in the offshore market. For the full year 2022, revenue was $362.1 million, up $39.1 million from the full year of 2021. The increase in revenue year-over-year was driven by higher product revenues across all regions and higher service revenues in the

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Innovex International, Inc. reported fourth quarter 2022 results: revenue $96.8 million. Guidance initiated.

Period: fourth quarter 2022
Revenue: $96.8 million
Guidance: initiated
Result: reported results

Exact text from the filing

technologies for use in the energy industry, today reported operational and financial results for the fourth quarter and full year 2022. Fourth Quarter Highlights • Revenue of $96.8 million increased 10% sequentially and 24% year-over-year • Net Bookings of $93.8 million increased 52% sequentially and 18% year-over-year • Net Loss of $0.3 million improved $63.2

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Innovex International, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-004637

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