---
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"
generated_at: "2026-06-18T23:11:35.395347+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-004637
- JSON: https://secwatch.observer/filing/0000950170-23-004637.json
- Plain text: https://secwatch.observer/filing/0000950170-23-004637.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1042893/000095017023004637/0000950170-23-004637-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1042893/000095017023004637/0000950170-23-004637-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.