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 second quarter 2023 results: revenue $89.6 million, net income $3.5 million, EPS $0.10 per share. Guidance raised.
- Period
- second quarter 2023
- Revenue
- $89.6 million
- Net income
- $3.5 million
- EPS
- $0.10 per share
- Guidance
- raised
- Result
- reported results
Exact text from the filing
innovative technologies for use in the energy industry, today reported operational and financial results for the second quarter of 2023. Second Quarter Highlights • Revenue of $89.6 million decreased 1% sequentially and 5% year-over-year • Net Bookings of $72.7 million increased 36% sequentially and 47% year-over-year, representing a book-to-bill ratio of 1.2x • Net
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Innovex International, Inc. completed an acquisition involving Industrial Growth Partners V AIV L.P. for $105 million CAD (closed 2023-07-31).
- Action
- acquisition
- Counterparty
- Industrial Growth Partners V AIV L.P.
- Consideration
- $105 million CAD
- Closing
- 2023-07-31
Exact text from the filing
On July 31, 2023, TIW Canada ULC (“Purchaser”), an unlimited liability company governed by the Laws of Alberta and wholly-owned subsidiary of Dril-Quip, Inc. (“Dril-Quip”), acquired all of the issued and outstanding shares in the capital of 1185641 B.C. Ltd. (d/b/a Great North Wellhead and Frac), a corporation governed by the laws of the province of British Columbia (the “Company”), pursuant to a definitive agreement (the “Share Purchase Agreement”), dated as of July 31, 2023, among each of the shareholders of the Company (collectively, “Sellers”), Industrial Growth Partners V AIV L.P., in its capacity as agent to Sellers thereunder, Purchaser and, solely in its capacity as guarantor for the obligations of Purchaser thereunder, Dril-Quip for a cash purchase price of $105 million CAD.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Innovex International, Inc. entered into Share Purchase Agreement with Industrial Growth Partners V AIV L.P., in its capacity as agent to Sellers valued at $105 million CAD (effective 2023-07-31).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Industrial Growth Partners V AIV L.P., in its capacity as agent to Sellers
- Value
- $105 million CAD
- Effective
- 2023-07-31
Exact text from the filing
On July 31, 2023, TIW Canada ULC (“Purchaser”), an unlimited liability company governed by the Laws of Alberta and wholly-owned subsidiary of Dril-Quip, Inc. (“Dril-Quip”), acquired all of the issued and outstanding shares in the capital of 1185641 B.C. Ltd. (d/b/a Great North Wellhead and Frac), a corporation governed by the laws of the province of British Columbia (the “Company”), pursuant to a definitive agreement (the “Share Purchase Agreement”), dated as of July 31, 2023, among each of the shareholders of the Company (collectively, “Sellers”), Industrial Growth Partners V AIV L.P., in its capacity as agent to Sellers thereunder, Purchaser and, solely in its capacity as guarantor for the obligations of Purchaser thereunder, Dril-Quip for a cash purchase price of $105 million CAD.
View on SEC.gov