earnings
confidence high
sentiment neutral
materiality 0.75
Innovex Q2 revenue $224M (-7% QoQ), Adj. EBITDA $47M; closes Citadel acquisition, issues Q3 guidance
Innovex International, Inc.
2025-Q2 EPS
reported $0.43
vs consensus $0.30
▲ beat
(+42.0%)
- Revenue $224M, net income $15M; Adjusted EBITDA $47M (21% margin); FCF $52M; capex $7M (3% revenue).
- Closed $70M cash acquisition of Citadel Casing Solutions (3.8x LTM EBITDA, 8% EPS accretive) on May 30.
- Q3 2025 guidance: revenue $230-240M, Adj. EBITDA $40-45M (down from Q2's $47M).
- Repurchased 588,488 shares in Q2 at avg $14.70; $100M repurchase program remains active.
- Ended Q2 with $69M cash, $41M debt (net cash); expects Q3 close on Eldridge facility sale.