earnings
confidence high
sentiment neutral
materiality 0.75
Innovex Q3 revenue $240M (+7% QoQ); closes $90M facility sale, signs OneSubsea deal
Innovex International, Inc.
2025-Q3 EPS
reported $1.00
vs consensus $0.32
▲ beat
(+212.2%)
- Revenue $240M, up 7% QoQ; net income $39M (16% margin); adjusted EBITDA $44M (18% margin).
- Closed sale of Eldridge legacy facility for $90M; net proceeds $87M strengthened cash position.
- Signed exclusive subsea wellhead provider agreement with OneSubsea, expected to grow market share.
- Free cash flow $37M; remaining share repurchase authorization ~$90.7M.
- Subsea on-time delivery improved to 76%; facility relocation costs weighed on margins.