Source-grounded facts extracted from Innovex International, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Innovex International, Inc. shareholders approved Advisory Vote on Executive Compensation at the 2026-05-07 meeting.
“Proposal 3 Advisory Vote on Executive Compensation The advisory vote on the compensation of the Company’s named executive officers was approved by the following vote: For Against Abstentions Broker Non-Votes 61,831,241 586,796 101,028 2,864,412”
Shareholder Votes
Innovex International, Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2026-05-07 meeting.
“Proposal 2 Ratification of Appointment of Independent Registered Public Accounting Firm The ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the Company for the year ending December 31, 2026 was approved by the following vote: For Against Abstentions 65,317,004 42,888 23,585”
Shareholder Votes
Innovex International, Inc. shareholders approved Election of Directors at the 2026-05-07 meeting.
“Proposal 1 Election of Directors Each of the following nominees for directors were elected to serve a three-year term expiring at the 2029 annual meeting of stockholders by the following vote: For Against Abstentions Broker Non-Votes John Lovoi 55,231,738 7,264,983 22,344 2,864,412 Angie Sedita 58,640,091 3,855,067 23,907 2,864,412 Will Donnell 61,262,832 1,237,813 18,420 2,864,412”
Earnings Releases
Innovex International, Inc. reported the quarter ended March 31, 2026 results: revenue $239 million, net income Net Loss of $17 million.
“Inc. (NYSE: INVX) (“Innovex,” the “Company” or “we”) today announced financial and operating results for the first quarter of 2026. First Quarter Highlights • Revenue of $239 million, down 13% quarter-over-quarter and down 1% year-over-year • Net Loss of $17 million and Net Loss Margin of (7)% • Adjusted EBITDA 1 of $49 million and Adjusted EBITDA Margin 1 of”
Material Agreements
Innovex International, Inc. entered into Underwriting Agreement with certain affiliates of Amberjack Capital Partners, L.P. and J.P. Morgan Securities LLC, as representative of the several underwriters (effective 2026-02-25).
“On February 25, 2026, Innovex International, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with certain affiliates of Amberjack Capital Partners, L.P. (the “Selling Stockholders”) and J.P. Morgan Securities LLC, as representative of the several underwriters listed on Schedule 1 thereto (the “Underwriters”), relating to the offer and sale by the Selling Stockholders of 5,750,000 shares of common stock, par value $0.01 per share, of the Company (the “Common Stock”), at a price to the public of $25.75 per share (the “Offering”).”
Governance Changes
Innovex International, Inc.: Increased authorized common stock from 100,000,000 to 200,000,000 shares and correspondingly increased authorized capital stock from 110,000,000 to 210,000,000 shares (effective 2025-05-14).
“on May 14, 2025, at the 2025 Annual Meeting, upon the recommendation of the Board, the Company’s stockholders approved an amendment (the “Amendment”) to the Company’s Restated Certificate of Incorporation (the “Certificate of Incorporation”) to increase the number of authorized shares of the Company’s common stock, par value $0.01 per share, from 100,000,000 to 200,000,000 shares, and correspondingly increase the number of authorized shares of the Company’s capital stock from 110,000,000 to 210,000,000.”
Will Donnell was appointed as Class II Director at Innovex International, Inc..
“On March 3, 2025, the Board of Directors (the “Board”) of Innovex International, Inc. (the “Company”) appointed Mr. Will Donnell to serve as a Class II director, effective March 3, 2025, to fill the vacancy arising from the passing of Patrick Connelly.”
Patrick Connelly departed as Director at Innovex International, Inc..
“the passing of Patrick Connelly”
M&A Transactions
Innovex International, Inc. completed an acquisition involving Downhole Well Solutions, LLC for $103.7 million (closed 2024-11-29).
“of the Company. The Acquisition was completed simultaneously with the signing of the Agreement on November 29, 2024. The aggregate purchase price for the Acquisition was $103.7 million, consisting of $68.0 million in cash (subject to closing and post-closing adjustments) and 1,918,558 shares of the Company’s common stock, par value $0.01 per share (the “Company”
Jason Turowsky was appointed as Director at Innovex International, Inc..
“the Board was increased to nine members, which consists of the following members: (i) Adam Anderson, Bonnie S. Black, Patrick Connelly, Angie Sedita and Jason Turowsky, each a former member of the Pre-Merger Innovex board of directors who was appointed to the Board”
Angie Sedita was appointed as Director at Innovex International, Inc..
“the Board was increased to nine members, which consists of the following members: (i) Adam Anderson, Bonnie S. Black, Patrick Connelly, Angie Sedita and Jason Turowsky, each a former member of the Pre-Merger Innovex board of directors who was appointed to the Board”
Patrick Connelly was appointed as Director at Innovex International, Inc..
“the Board was increased to nine members, which consists of the following members: (i) Adam Anderson, Bonnie S. Black, Patrick Connelly, Angie Sedita and Jason Turowsky, each a former member of the Pre-Merger Innovex board of directors who was appointed to the Board”
Bonnie S. Black was appointed as Director at Innovex International, Inc..
“the Board was increased to nine members, which consists of the following members: (i) Adam Anderson, Bonnie S. Black, Patrick Connelly, Angie Sedita and Jason Turowsky, each a former member of the Pre-Merger Innovex board of directors who was appointed to the Board”
Adam Anderson was appointed as Director at Innovex International, Inc..
“the Board was increased to nine members, which consists of the following members: (i) Adam Anderson, Bonnie S. Black, Patrick Connelly, Angie Sedita and Jason Turowsky, each a former member of the Pre-Merger Innovex board of directors who was appointed to the Board”
Don Underwood was terminated as Vice President of Subsea Products at Innovex International, Inc..
“each of the following officers: (i) Jeffrey J. Bird, the Company’s President and Chief Executive Officer, (ii) Kyle F. McClure, the Company’s Vice President and Chief Financial Officer, (iii) James C. Webster, the Company’s Vice President, General Counsel and Secretary, and (iv) Don Underwood, the Company’s Vice President of Subsea Products (each, an “Executive Officer”) were terminated without cause, effective as of the closing date of the Mergers.”
James C. Webster was terminated as Vice President, General Counsel and Secretary at Innovex International, Inc..
“each of the following officers: (i) Jeffrey J. Bird, the Company’s President and Chief Executive Officer, (ii) Kyle F. McClure, the Company’s Vice President and Chief Financial Officer, (iii) James C. Webster, the Company’s Vice President, General Counsel and Secretary, and (iv) Don Underwood, the Company’s Vice President of Subsea Products (each, an “Executive Officer”) were terminated without cause, effective as of the closing date of the Mergers.”
Kyle F. McClure was terminated as Vice President and Chief Financial Officer at Innovex International, Inc..
“each of the following officers: (i) Jeffrey J. Bird, the Company’s President and Chief Executive Officer, (ii) Kyle F. McClure, the Company’s Vice President and Chief Financial Officer, (iii) James C. Webster, the Company’s Vice President, General Counsel and Secretary, and (iv) Don Underwood, the Company’s Vice President of Subsea Products (each, an “Executive Officer”) were terminated without cause, effective as of the closing date of the Mergers.”
Jeffrey J. Bird was terminated as President and Chief Executive Officer at Innovex International, Inc..
“each of the following officers: (i) Jeffrey J. Bird, the Company’s President and Chief Executive Officer, (ii) Kyle F. McClure, the Company’s Vice President and Chief Financial Officer, (iii) James C. Webster, the Company’s Vice President, General Counsel and Secretary, and (iv) Don Underwood, the Company’s Vice President of Subsea Products (each, an “Executive Officer”) were terminated without cause, effective as of the closing date of the Mergers.”
Darryl K. Willis resigned as Director at Innovex International, Inc..
“Jeffrey J. Bird and Darryl K. Willis each delivered a letter effectuating his resignation as a director of the Company and, as of the Effective Time, each ceased to be a director of the Company.”
Jeffrey J. Bird resigned as Director at Innovex International, Inc..
“Jeffrey J. Bird and Darryl K. Willis each delivered a letter effectuating his resignation as a director of the Company and, as of the Effective Time, each ceased to be a director of the Company.”
Benjamin M. Fink was appointed as Director at Innovex International, Inc..
“On July 8, 2024, the Board of Directors (the “Board”) of Dril-Quip, Inc. (the “Company”) appointed Benjamin M. Fink as a director to fill the vacancy resulting from the resignation of Amy B. Schwetz on May 17, 2024, effective July 8, 2024.”
Amy B. Schwetz resigned as Member of the Board of Directors and Chair of the Audit Committee at Innovex International, Inc..
“On May 17, 2024, Amy B. Schwetz, a member of the Board of Directors (the “Board”) of Dril-Quip, Inc. (“Dril-Quip”) and chair of the Audit Committee thereof, notified Dril-Quip of her intention to resign, effective immediately, from the Board.”
Shareholder Votes
Innovex International, Inc. shareholders approved Advisory Vote to Approve Executive Compensation at the 2024-05-07 meeting.
“Proposal 3-Advisory Vote to Approve Executive Compensation The advisory vote on the compensation of Dril-Quip’s named executive officers received the affirmative vote of a majority of the votes cast "for" or "against" the proposal at the meeting: For Against Abstentions Broker Non-Votes 30,754,107 679,834 9,012 1,247,920”
Shareholder Votes
Innovex International, Inc. shareholders approved Approval of Appointment of Independent Registered Public Accounting Firm at the 2024-05-07 meeting.
“Proposal 2-Approval of Appointment of Independent Registered Public Accounting Firm The appointment of PricewaterhouseCoopers LLP as independent registered public accountants for Dril-Quip for 2024 was approved by the majority of the votes cast "for" or "against" the proposal at the meeting: For Against Abstentions Broker Non-Votes 32,522,251 167,175 1,447 0”
Shareholder Votes
Innovex International, Inc. shareholders approved Election of Amy B. Schwetz as director at the 2024-05-07 meeting.
“Proposal 1-Election of Directors The following nominee for director was elected to serve a three-year term expiring at the 2027 annual meeting of stockholders by a majority of the votes cast at the annual meeting: For Against Abstentions Broker Non-Votes Amy B. Schwetz 27,404,056 1,388,534 2,650,363 1,247,920”
Earnings Releases
Innovex International, Inc. reported three months ended March 31, 2024 results: revenue $110.3 million, net income net loss of $20.0 million, EPS a loss of $0.58 per share.
“technologies for use in the energy industry, today reported operational and financial results for the three months ended March 31, 2024. First Quarter Highlights • Revenue of $110.3 million decreased 12.7% sequentially and increased 21.4% year-over-year • Net Subsea Product Bookings of $41.1 million • Net Loss of $20.0 million decreased $21.8 million sequentially”
Material Agreements
Innovex International, Inc. entered into Agreement and Plan of Merger with Dril-Quip, Inc., Ironman Merger Sub, Inc., DQ Merger Sub, LLC (effective 2024-03-18).
“On March 18, 2024, Dril-Quip, Inc., a Delaware corporation (“ Parent ”), Ironman Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent (“ Merger Sub Inc. ”), and DQ Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of Parent (“ Merger Sub LLC ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Innovex Downhole Solutions Inc., a Delaware corporation (the “ Company ”)”
Earnings Releases
Innovex International, Inc. updated its fiscal 2024 guidance (initiated).
“2024 Financial Outlook • Revenue growth of 15%-20% • Adjusted EBITDA of $65 million to $75 million • Subsea Product Bookings of $200 million to $225 million • Capital Expenditures 3-5% of revenue”
Earnings Releases
Innovex International, Inc. reported full year 2023 results: revenue $424.1 million.
“For the full year 2023, revenue was $424.1 million, up $62.1 million from the full year of 2022.”
Earnings Releases
Innovex International, Inc. reported fourth quarter 2023 results: revenue $126.3 million, net income $1.8 million.
“Revenue of $126.3 million increased 8% sequentially and 31% year-over-year • Net Bookings of $122.7 million increased $76.2 million sequentially and $24.4 million year-over-year • Net Income of $1.8 million increased $8.9 million sequentially and $2.1 million year-over-year”
Earnings Releases
Innovex International, Inc. reported third quarter 2023 results: revenue $117.2 million, net income Net Loss of $7.0 million, EPS $0.21 per share.
“and innovative technologies for use in the energy industry, today reported operational and financial results for the third quarter of 2023. Third Quarter Highlights • Revenue of $117.2 million increased 31% sequentially and 33% year-over-year • Net Loss of $7.0 million decreased $10.5 million sequentially and $20.3 million year-over-year • Adjusted EBITDA of $12.4”
Shareholder Votes
Innovex International, Inc. shareholders approved Say-on-Pay advisory vote at the 2023-05-16 meeting.
“the Company’s 2023 Annual Meeting of Stockholders held on May 16, 2023, including the stockholders’ non-binding recommendation to hold future Say-on-Pay advisory votes every year”
Earnings Releases
Innovex International, Inc. reported second quarter 2023 results: revenue $89.6 million, net income $3.5 million, EPS $0.10 per share. Guidance raised.
“innovative technologies for use in the energy industry, today reported operational and financial results for the second quarter of 2023. Second Quarter Highlights • Revenue of $89.6 million decreased 1% sequentially and 5% year-over-year • Net Bookings of $72.7 million increased 36% sequentially and 47% year-over-year, representing a book-to-bill ratio of 1.2x • Net”
M&A Transactions
Innovex International, Inc. completed an acquisition involving Industrial Growth Partners V AIV L.P. for $105 million CAD (closed 2023-07-31).
“On July 31, 2023, TIW Canada ULC (“Purchaser”), an unlimited liability company governed by the Laws of Alberta and wholly-owned subsidiary of Dril-Quip, Inc. (“Dril-Quip”), acquired all of the issued and outstanding shares in the capital of 1185641 B.C. Ltd. (d/b/a Great North Wellhead and Frac), a corporation governed by the laws of the province of British Columbia (the “Company”), pursuant to a definitive agreement (the “Share Purchase Agreement”), dated as of July 31, 2023, among each of the shareholders of the Company (collectively, “Sellers”), Industrial Growth Partners V AIV L.P., in its capacity as agent to Sellers thereunder, Purchaser and, solely in its capacity as guarantor for the obligations of Purchaser thereunder, Dril-Quip for a cash purchase price of $105 million CAD.”
Material Agreements
Innovex International, Inc. entered into Share Purchase Agreement with Industrial Growth Partners V AIV L.P., in its capacity as agent to Sellers valued at $105 million CAD (effective 2023-07-31).
“On July 31, 2023, TIW Canada ULC (“Purchaser”), an unlimited liability company governed by the Laws of Alberta and wholly-owned subsidiary of Dril-Quip, Inc. (“Dril-Quip”), acquired all of the issued and outstanding shares in the capital of 1185641 B.C. Ltd. (d/b/a Great North Wellhead and Frac), a corporation governed by the laws of the province of British Columbia (the “Company”), pursuant to a definitive agreement (the “Share Purchase Agreement”), dated as of July 31, 2023, among each of the shareholders of the Company (collectively, “Sellers”), Industrial Growth Partners V AIV L.P., in its capacity as agent to Sellers thereunder, Purchaser and, solely in its capacity as guarantor for the obligations of Purchaser thereunder, Dril-Quip for a cash purchase price of $105 million CAD.”
Governance Changes
Innovex International, Inc.: Amended and restated bylaws to enhance procedural mechanics and disclosure requirements for stockholder proposals and director nominations, clarify substitute nominee procedures, and require use of a proxy card color other than white for stockholder solicitations (effective 2023-05-16).
“On May 16, 2023, the Board of Directors (the “ Board ”) of Dril-Quip, Inc. (the “ Company ”) approved and adopted the Company’s Amended and Restated Bylaws (as amended and restated, the “ Bylaws ”), which became effective the same day.”
Shareholder Votes
Innovex International, Inc. shareholders approved Advisory Vote on the Frequency of Advisory Votes to Approve Executive Compensation at the 2023-05-16 meeting.
“1 Year 2 Years 3 Years Abstentions Broker Non-Votes 29,917,534 2,906 1,369,785 66,927 1,271,574”
Shareholder Votes
Innovex International, Inc. shareholders approved Advisory Vote to Approve Executive Compensation at the 2023-05-16 meeting.
“For Against Abstentions Broker Non-Votes 30,804,785 533,880 18,487 1,271,574”
Shareholder Votes
Innovex International, Inc. shareholders approved Approval of Appointment of Independent Registered Public Accounting Firm at the 2023-05-16 meeting.
“For Against Abstentions Broker Non-Votes 32,346,396 281,561 769 0”
Shareholder Votes
Innovex International, Inc. shareholders approved Election of Director John V. Lovoi at the 2023-05-16 meeting.
“John V. Lovoi 25,195,630 6,147,874 13,648 1,271,574”
Shareholder Votes
Innovex International, Inc. shareholders approved Election of Director Jeffrey J. Bird at the 2023-05-16 meeting.
“Jeffrey J. Bird 30,522,138 820,849 14,165 1,271,574”
Earnings Releases
Innovex International, Inc. reported first quarter of 2023 results: revenue $90.9 million, net income $2.3 million, or $0.07 per share, EPS $0.07 per share.
“and innovative technologies for use in the energy industry, today reported operational and financial results for the first quarter of 2023. First Quarter Highlights • Revenue of $90.9 million decreased 6% sequentially and increased 9% year-over-year • Net Bookings of $53.5 million decreased 43% sequentially and 20% year-over-year • Net Income of $2.3 million increased”
Earnings Releases
Innovex International, Inc. reported full year 2022 results: revenue $362.1 million, net income Net Income of $0.4 million. Guidance initiated.
“in revenue was driven by higher product and service revenues across all regions reflecting the ongoing upcycle in the offshore market. For the full year 2022, revenue was $362.1 million, up $39.1 million from the full year of 2021. The increase in revenue year-over-year was driven by higher product revenues across all regions and higher service revenues in the”
“technologies for use in the energy industry, today reported operational and financial results for the fourth quarter and full year 2022. Fourth Quarter Highlights • Revenue of $96.8 million increased 10% sequentially and 24% year-over-year • Net Bookings of $93.8 million increased 52% sequentially and 18% year-over-year • Net Loss of $0.3 million improved $63.2”
Earnings Releases
Innovex International, Inc. reported the third quarter of 2022 results: revenue $88.1 million, net income $15.2 million, EPS $0.45 earnings per share. Guidance lowered.
“Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the third quarter of 2022. Results for the third quarter of 2022 included: • Revenue of $88.1 million for the third quarter of 2022, a decrease of $5.8 million from the second quarter of 2022 driven by unfavorable foreign exchange rate impacts, supply chain delays in downhole tools and reduced leasing revenues in subsea service; • Net income of $15.2 million, or $0.45 earnings per share, an increase of $20.8 million, or $0.61 per share compared to the second quarter of 2022, due to the gain on sale of the Houston forge facility, lower income taxes, and lower restructuring costs in the period;”
Carri A. Lockhart was appointed as Director at Innovex International, Inc..
“appointed Carri A. Lockhart as a director to fill the vacancy resulting from the increase in the size of the Board, effective March 18, 2022.”
Blake T. DeBerry departed as President and Chief Executive Officer at Innovex International, Inc..
“both effective as of January 1, 2022 to succeed Blake T. DeBerry, who will step down at that time.”
Jeffrey Bird was elected as Director at Innovex International, Inc..
“the Board of Directors (the “Board”) of the Company approved the appointment of Jeffrey Bird as its President and Chief Executive Officer, and elected him to its Board of Directors (the “Board”), both effective as of January 1, 2022”
Jeffrey Bird was appointed as President and Chief Executive Officer at Innovex International, Inc..
“the Board of Directors (the “Board”) of the Company approved the appointment of Jeffrey Bird as its President and Chief Executive Officer, and elected him to its Board of Directors (the “Board”), both effective as of January 1, 2022 to succeed Blake T. DeBerry, who will step down at that time.”
Kyle F. McClure was appointed as Vice President and Chief Financial Officer at Innovex International, Inc..
“Dril-Quip, Inc. (the “Company” or “Dril-Quip”) announced today that its Board of Directors (the “Board”) has appointed Kyle F. McClure as its Vice President and Chief Financial Officer, effective as of January 1, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.