---
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"
generated_at: "2026-06-05T14:25:01.889365+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dril-Quip Q4 revenue $126.3M (+31% YoY); FY 2024 EBITDA guidance $65-75M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-020138
- JSON: https://secwatch.observer/filing/0000950170-24-020138.json
- Plain text: https://secwatch.observer/filing/0000950170-24-020138.txt

## Key facts
- Earnings Releases
  Innovex International, Inc. reported fourth quarter 2023 results: revenue $126.3 million, net income $1.8 million.
  - Period: fourth quarter 2023
  - Revenue: $126.3 million
  - Net income: $1.8 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1042893/000095017024020138/0000950170-24-020138-index.htm
- Earnings Releases
  Innovex International, Inc. reported full year 2023 results: revenue $424.1 million.
  - Period: full year 2023
  - Revenue: $424.1 million
  - Result: reported results
  source text: For the full year 2023, revenue was $424.1 million, up $62.1 million from the full year of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042893/000095017024020138/0000950170-24-020138-index.htm
- Earnings Releases
  Innovex International, Inc. updated its fiscal 2024 guidance (initiated).
  - Period: fiscal 2024
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1042893/000095017024020138/0000950170-24-020138-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.