secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0000950170-23-004637
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000095017023004637/0000950170-23-004637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000095017023004637/drq-20230227.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-004637

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer