{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-035928","form_type":"8-K","ticker":"INVX","cik":"0001042893","company_name":"Innovex International, Inc.","filed_at":"2023-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.996453+00:00","generated_at":"2026-06-12T21:39:47.596762+00:00","sec_items":["1.01","2.01","2.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Dril-Quip acquires Great North Wellhead for ~$80M CAD; Q2 revenue $89.6M, net income $3.5M","bullets":["Acquired Great North Wellhead for $105M CAD (~$80M USD) cash, plus up to $30M CAD earnout based on revenue growth targets.","Q2 revenue $89.6M (-5% YoY); net income $3.5M ($0.10 EPS) vs net loss $5.6M a year ago.","Net bookings $72.7M (+47% YoY); book-to-bill ratio 1.2x.","Adjusted EBITDA $8.8M (flat sequentially); gross margin 26.7%.","FY2023 revenue target raised to ~20% growth over 2022; H2 revenue guided $240-250M; EBITDA margins 14-16%."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-035928","json":"https://secwatch.observer/filing/0000950170-23-035928.json","markdown":"https://secwatch.observer/filing/0000950170-23-035928.md","text":"https://secwatch.observer/filing/0000950170-23-035928.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042893/000095017023035928/0000950170-23-035928-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042893/000095017023035928/drq-20230731.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T21:39:47.596762+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":"4bb97bf90961838b02e3dae45da0542db01b3885","claim":"Innovex International, Inc. reported second quarter 2023 results: revenue $89.6 million, net income $3.5 million, EPS $0.10 per share. Guidance raised.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042893/000095017023035928/0000950170-23-035928-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter 2023"},{"label":"Revenue","value":"$89.6 million"},{"label":"Net income","value":"$3.5 million"},{"label":"EPS","value":"$0.10 per share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d777702cd5b42e8df6df71b8c8b5d34a7d160091","claim":"Innovex International, Inc. completed an acquisition involving Industrial Growth Partners V AIV L.P. for $105 million CAD (closed 2023-07-31).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042893/000095017023035928/0000950170-23-035928-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Industrial Growth Partners V AIV L.P."},{"label":"Consideration","value":"$105 million CAD"},{"label":"Closing","value":"2023-07-31"}],"fact_type":"ma_transaction"},{"claim_id":"93c89d5748211ed92969a2a285ef599fd685a857","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042893/000095017023035928/0000950170-23-035928-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Industrial Growth Partners V AIV L.P., in its capacity as agent to Sellers"},{"label":"Value","value":"$105 million CAD"},{"label":"Effective","value":"2023-07-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}