earnings
confidence high
sentiment positive
materiality 0.75
Innovex Q2 revenue $245M (+9% YoY), net income $25M; closes $95M TCO acquisition
Innovex International, Inc.
- Revenue $245M, up 2% QoQ and 9% YoY; net income $25M (10% margin).
- Adjusted EBITDA $48M (20% margin); Free Cash Flow $30M.
- Cash $222M, no bank debt at quarter-end.
- Closed acquisition of TCO Group AS for $95M on July 1, 2026, funded with cash and equity.
- Awarded $20M subsea tension riser package in Malaysia; first XPak trial completed.