Innovex Q4 revenue $251M (+65% QoQ); achieves $30M merger synergies early; announces $100M buyback

Innovex International, Inc.

2024-FY EPS reported $2.77 revenue$660,803,000

Q4 revenue $251M (+65% QoQ); net income $32M (13% margin); Adjusted EBITDA $49M (20% margin).
Achieved $30M annualized merger cost synergies five months after closing Dril-Quip merger (Sept 6, 2024).
Announced $100M share buyback authorization; acquired SCF Machining Corp and Downhole Well Solutions (DWS).
Signed MSA with OneSubsea to provide wellheads on Integrated/EPCI contracts.

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