Innovex reports Q4 adjusted EBITDA $49.1M vs. $32.3M last year

Reports Q4 revenue $250.7M vs. $133.2M last year. Kendal Reed, CFO said, “I am excited to share that we have met our total merger cost synergy target of $30 million in annualized savings much sooner than anticipated. We continue to identify opportunities for further margin enhancement and growth, while maintaining a strong and conservative balance sheet. Our capital-light business model has allowed us to convert a high proportion of our EBITDA to free cash flow.”