{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-020138","form_type":"8-K","ticker":"INVX","cik":"0001042893","company_name":"Innovex International, Inc.","filed_at":"2024-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.203711+00:00","generated_at":"2026-06-05T14:25:01.889365+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Dril-Quip Q4 revenue $126.3M (+31% YoY); FY 2024 EBITDA guidance $65-75M","bullets":["Q4 revenue $126.3M, up 31% YoY; net income $1.8M vs net loss $0.3M a year ago.","Q4 adjusted EBITDA $16.5M (+61% YoY); net bookings $122.7M, +$76.2M sequential.","Full year 2023 revenue $424.1M (+17% YoY); adjusted EBITDA $46.5M (+56% YoY).","FY 2024 outlook: revenue growth 15-20%, adjusted EBITDA $65-75M, subsea product bookings $200-225M.","Secured ~$40M subsea production system in Australia; 3-year CNOOC deepwater wellhead contract."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-020138","json":"https://secwatch.observer/filing/0000950170-24-020138.json","markdown":"https://secwatch.observer/filing/0000950170-24-020138.md","text":"https://secwatch.observer/filing/0000950170-24-020138.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042893/000095017024020138/0000950170-24-020138-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042893/000095017024020138/drq-20240226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T14:25:01.889365+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":"36437e8c6e93a9a96bed3fada7bce30b6a8f399f","claim":"Innovex International, Inc. reported fourth quarter 2023 results: revenue $126.3 million, net income $1.8 million.","evidence_excerpt":"Revenue of $126.3 million increased 8% sequentially and 31% year-over-year • Net Bookings of $122.7 million increased $76.2 million sequentially and $24.4 million year-over-year • Net Income of $1.8 million increased $8.9 million sequentially and $2.1 million year-over-year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042893/000095017024020138/0000950170-24-020138-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter 2023"},{"label":"Revenue","value":"$126.3 million"},{"label":"Net income","value":"$1.8 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"78576d95d73b42b09eceabca6266e42eb51403eb","claim":"Innovex International, Inc. reported full year 2023 results: revenue $424.1 million.","evidence_excerpt":"For the full year 2023, revenue was $424.1 million, up $62.1 million from the full year of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042893/000095017024020138/0000950170-24-020138-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Revenue","value":"$424.1 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9b982b3537006b1b05ded7624474dc4a92fc0a07","claim":"Innovex International, Inc. updated its fiscal 2024 guidance (initiated).","evidence_excerpt":"2024 Financial Outlook • Revenue growth of 15%-20% • Adjusted EBITDA of $65 million to $75 million • Subsea Product Bookings of $200 million to $225 million • Capital Expenditures 3-5% of revenue","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1042893/000095017024020138/0000950170-24-020138-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2024"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}