Innovex to sell Eldridge facility for $95M; prelim Q1 rev ~$240M vs guidance $245-255M

Innovex International, Inc.

Sale of Houston campus to BIG Acquisitions LLC for $95M; expected close Q3 2025; short-term lease until Dec 2025 at $650K/mo.
Proceeds represent ~9% of current market cap; bolsters net cash position; reduces Houston Subsea footprint by 82%.
Q1 2025 revenue expected ~$240M (guidance $245-255M); weakness in Mexico far greater than projected.
Preliminary Q1 Adjusted EBITDA of $44-46M; company retains $100M share buyback authorization and active M&A pipeline.
Sale supports strategy of flexible cost structure and conservative balance sheet; no disruption to customer deliveries expected.

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