Dril-Quip Q3 2023: Revenue up 31% sequentially to $117M, net loss $7.0M

Innovex International, Inc.

2023-Q3 EPS reported -$0.04 revenue$297,716,000

Net loss $7.0M ($0.21 loss per share) vs net income $13.3M in Q3 2022.
Adjusted EBITDA $12.4M, up from $8.8M in Q2 2023; gross margin 27.0%.
Free cash flow $21.4M, highest since 2017; cash from ops $26.8M.
Net bookings $46.5M, down 36% sequentially; Great North acquisition contributed $15.5M revenue.
Awarded Petrobras wellhead tender worth up to $28M; expects positive Q4 free cash flow.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Innovex International, Inc. reported third quarter 2023 results: revenue $117.2 million, net income Net Loss of $7.0 million, EPS $0.21 per share.

Period: third quarter 2023
Revenue: $117.2 million
Net income: Net Loss of $7.0 million
EPS: $0.21 per share
Result: reported results

Exact text from the filing

and innovative technologies for use in the energy industry, today reported operational and financial results for the third quarter of 2023. Third Quarter Highlights • Revenue of $117.2 million increased 31% sequentially and 33% year-over-year • Net Loss of $7.0 million decreased $10.5 million sequentially and $20.3 million year-over-year • Adjusted EBITDA of $12.4

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Innovex International, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-055610

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