secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0000950170-24-020138
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000095017024020138/0000950170-24-020138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000095017024020138/drq-20240226.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-020138

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer