While Innovex demonstrated strong revenue growth and cash flow generation, challenges in international markets, particularly Mexico, and uncertainty in the U.S. land market cloud future prospects. The successful deployment of new technology and strategic sales highlight strengths but are tempered by existing market challenges.

Company Guidance -

Q3 2025

During Innovex's First Quarter 2025 Earnings Call, the company provided guidance for the second quarter, anticipating adjusted EBITDA between $40 million and $45 million and revenues ranging from $225 million to $235 million. This guidance reflects a sequential decrease, driven by continued weakness in Mexican operations and seasonal declines in Canada. Despite the anticipated revenue drop, Innovex emphasized its flexible and capital-light business model, which historically converts 50% to 60% of EBITDA into free cash flow. The company also noted its strong cash position, with a net cash balance of $43 million and an additional $95 million expected from the sale of the Eldridge facility, providing substantial capital for strategic acquisitions or share repurchases. Innovex's focus remains on maintaining margins, growing market share, and leveraging its robust balance sheet to exploit opportunities throughout the oil cycle.

Record Revenue Growth

First quarter revenue was $240 million, an increase of 88% year-over-year, driven by the Dril-Quip and DWS acquisitions.

Strong Free Cash Flow

Generated $24 million of free cash flow, converting 52% of adjusted EBITDA, showcasing resilience in cash flow generation.

Successful Technology Deployment

First deployment of VXTE technology was successful, potentially saving up to seven days of installation time for customers.

SubZERO Centralizer Technology

Innovex's SubZERO technology saved $300,000 on a single well, reducing lead time by 60% and increasing margins.

Sale of Eldridge Facility

Entered into a definitive agreement to sell the Dril-Quip Eldridge facility for $95 million, approximately 9% of market cap, to consolidate and drive efficiencies.

Innovex International (INVX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

INVX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.31 / -	0.554	―	―	―
Aug 05, 2025	2025 (Q2)	0.30 / 0.28	0.1	182.00% (+0.18)	―	―
May 06, 2025	2025 (Q1)	0.36 / 0.34	-0.62	155.00% (+0.96)		―
Feb 25, 2025	2024 (Q4)	0.26 / 0.59	0.04	1372.50% (+0.55)		―
Nov 07, 2024	2024 (Q3)	0.33 / 0.55	-0.15	469.33% (+0.70)
Aug 01, 2024	2024 (Q2)	0.11 / 0.10	-0.03	433.33% (+0.13)	―	―
May 02, 2024	2024 (Q1)	0.06 / -0.62	-0.01	-6100.00% (-0.61)	―	―
Feb 26, 2024	2023 (Q4)	0.18 / 0.04	0.06	-33.33% (-0.02)
Oct 26, 2023	2023 (Q3)	0.13 / -0.15	0.05	-400.00% (-0.20)
Jul 31, 2023	2023 (Q2)	0.04 / -0.03	-0.1	70.00% (+0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

INVX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$16.61	$16.09	-3.13%
May 06, 2025	$15.03	$15.43	+2.66%
Feb 25, 2025	$16.14	$18.93	+17.29%
Nov 07, 2024	$15.89	$15.40	-3.08%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Innovex International (INVX) report earnings?

Innovex International (INVX) is schdueled to report earning on Nov 06, 2025, TBA (Confirmed).

What is Innovex International (INVX) earnings time?

Innovex International (INVX) earnings time is at Nov 06, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is INVX EPS forecast?

INVX EPS forecast for the fiscal quarter 2025 (Q3) is 0.31.

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