The earnings call highlights strong revenue growth, successful integration of acquisitions, and robust free cash flow generation. However, these positives are offset by declines in international and offshore revenues, particularly in Mexico, and broader macroeconomic uncertainties. While there are notable achievements, the challenges and uncertainties present a balanced outlook.

Company Guidance

During Innovex's First Quarter 2025 Earnings Call, the company outlined several key metrics and strategic initiatives. Innovex reported a quarterly revenue of $240 million, an 88% increase year-over-year, though a 4% decline sequentially. The company generated $46 million in adjusted EBITDA, converting approximately 52% into $24 million of free cash flow. The North America Land segment saw a 17% increase in revenue, totaling $121 million, whereas international and offshore revenue decreased by 19% to $120 million due to weaknesses in the Mexican market. Innovex maintained a net cash position of $43 million, supported by $68 million in cash and equivalents against $25 million in total debt. The company anticipates a net cash balance increase to nearly $140 million following the anticipated $95 million sale of the Eldridge facility. For the second quarter, Innovex guides for $225 million to $235 million in revenue and adjusted EBITDA between $40 million and $45 million, factoring in ongoing market uncertainties. The company also emphasized its strategic focus on maintaining a strong balance sheet, capitalizing on acquisition opportunities, and achieving mid-20% EBITDA margins over time.

Record Revenue Growth

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

Strong North America Land Market Performance

The NAM Land revenue increased 17% sequentially due to the inclusion of a full quarter of DWS revenue and seasonal growth in Canada.

Successful Integration and Synergy Realization

EBITDA margin increased from 18% in Q3 2024 to 19% in Q1 2025, with continued identification of cost savings and margin enhancement opportunities.

Free Cash Flow Generation

Generated $24 million of free cash flow in Q1, converting approximately 52% of adjusted EBITDA to free cash flow.

Strategic Divestment of Eldridge Facility

Entered into a definitive agreement to sell the Eldridge facility for $95 million, which is expected to close by the end of 2025.

Innovative SubZERO Technology

The SubZERO technology saved a major operator $300,000 on a single well and reduced lead time by 60%.

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

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INVX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.29 / -	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, Inc. (INVX) report earnings?

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

What is Innovex International, Inc. (INVX) earnings time?

Innovex International, Inc. (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 0.3.

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