secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0000950170-25-058782
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000095017025058782/0000950170-25-058782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000095017025058782/invx-20250421.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-058782

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