Innovex Announces Third-Quarter 2024 Results [Yahoo! Finance]
Innovex International, Inc. (INVX)
Company Research
Source: Yahoo! Finance
Third Quarter Highlights Closed transformative merger between Innovex Downhole Solutions, Inc. and former Dril-Quip, Inc., positioning the combined business for long-term success Revenue of $152 million, up 17% quarter over quarter Net Income of $83 million, up 766% quarter over quarter, and Net Income Margin of 54% Diluted earnings per share of $1.99 Adjusted EBITDA of $27 million and Adjusted EBITDA margin of 18% Net Cash Provided by Operating Activities of $22 million Free Cash Flow of $20 million Loss from Operations of $13 million Return on Capital Employed of 9% Achieved 100% of the year one synergy target of $15 million annualized savings Due to the equity value of legacy Dril-Quip on the closing date of the merger relative to the fair value of the assets, the Company recorded a bargain purchase gain of approximately $93 million during the third quarter of 2024. This drove the material variance in (Loss) Income from Operations and Net Income during the pe
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News
- With A Return On Equity Of 14%, Has Innovex International, Inc.'s (NYSE:INVX) Management Done Well? [Yahoo! Finance]Yahoo! Finance
- Innovex completes purchase of Downhole Well Solutions [Yahoo! Finance]Yahoo! Finance
- Innovex completes purchase of Downhole Well SolutionsBusiness Wire
- Innovex International, Inc. (NYSE: INVX) had its price target lowered by analysts at Barclays PLC from $21.00 to $15.00. They now have an "underweight" rating on the stock.MarketBeat
- Mario Gabelli's Strategic Exits and Acquisitions in Q3 2024: Spotlight on Dril-Quip Inc [Yahoo! Finance]Yahoo! Finance
INVX
Sec Filings
- 1/3/25 - Form 4
- 1/3/25 - Form 4
- 1/3/25 - Form 4
- INVX's page on the SEC website