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Innovex International ( (INVX) ) just unveiled an update.
On February 25, 2025, Innovex International announced its financial results for the fourth quarter and full year of 2024, highlighting a significant revenue increase of 65% quarter over quarter to $251 million. The company reported a net income of $32 million and an adjusted EBITDA of $49 million. Key strategic moves included the acquisition of Downhole Well Solutions and SCF Machining Corp, aimed at enhancing margins and supply chain flexibility. Innovex also announced a $100 million share buyback authorization, reflecting its strong financial position and commitment to returning capital to shareholders. The company achieved its merger cost synergy target of $30 million sooner than expected and continues to focus on organic growth and expanding its market presence through strategic partnerships.
More about Innovex International
Innovex International, Inc. operates in the oil and gas industry, focusing on providing drilling optimization tools and solutions. The company is known for its proprietary technologies and has a market focus on both domestic and international growth opportunities.
YTD Price Performance: 14.51%
Average Trading Volume: 477,252
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.11B
Learn more about INVX stock on TipRanks’ Stock Analysis page.