secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-123244
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovex Q3 2024 revenue $152M, net income $83M on $93M bargain purchase gain, diluted EPS $1.99
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- Revenue $152M (+17% QoQ); net income $83M (54% margin) includes $93M bargain purchase gain from Dril-Quip merger.
- Diluted EPS $1.99; loss from operations $13M; adjusted EBITDA $27M (18% margin vs 23% prior quarter).
- Achieved 100% of year-one cost synergy target ($15M annualized); CEO cites improved on-time delivery efforts.
- Free cash flow $20M; net cash from operations $22M; ROCE 9% (down from 17% in Q2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000095017024123244/0000950170-24-123244-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000095017024123244/invx-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-123244

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