{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-004637","form_type":"8-K","ticker":"INVX","cik":"0001042893","company_name":"Innovex International, Inc.","filed_at":"2023-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.638025+00:00","generated_at":"2026-06-18T23:11:35.395347+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Dril-Quip Q4 revenue $96.8M (+24% YoY); net loss narrows to $0.3M; guides 2023 revenue growth 10%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-004637","json":"https://secwatch.observer/filing/0000950170-23-004637.json","markdown":"https://secwatch.observer/filing/0000950170-23-004637.md","text":"https://secwatch.observer/filing/0000950170-23-004637.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042893/000095017023004637/0000950170-23-004637-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042893/000095017023004637/drq-20230227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T23:11:35.395347+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":"6d14e6b221cf75da521d4dae2a751916be7a0d61","claim":"Innovex International, Inc. reported full year 2022 results: revenue $362.1 million, net income Net Income of $0.4 million. Guidance initiated.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042893/000095017023004637/0000950170-23-004637-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2022"},{"label":"Revenue","value":"$362.1 million"},{"label":"Net income","value":"Net Income of $0.4 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f0460d172c0d48ba2fe41b2be6bf8fb294c4179b","claim":"Innovex International, Inc. reported fourth quarter 2022 results: revenue $96.8 million. Guidance initiated.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042893/000095017023004637/0000950170-23-004637-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter 2022"},{"label":"Revenue","value":"$96.8 million"},{"label":"Guidance","value":"initiated"},{"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"}