Education
About Us
Working with TipRanks
Follow Us
Innovex International, Inc. (INVX)
:INVX
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.04Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 11.96%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong overall performance with significant revenue growth and successful mergers and acquisitions. The company achieved synergy targets ahead of schedule and maintained a strong financial position. However, there are some challenges, including a decline in certain revenue segments and operational inefficiencies that are being addressed.Company Guidance
During Innovex's fourth quarter and full year 2024 earnings call, the company discussed a range of guidance metrics. Innovex reported a full year 2024 revenue of $661 million, marking a 19% increase year-over-year, with a significant contribution from the Dril-Quip merger. Fourth quarter revenue reached $251 million, an 89% year-over-year increase. The company highlighted its EBITDA margin growth from 18% in Q3 to 20% in Q4, driven by merger synergies. Innovex achieved its $30 million annualized cost synergy target swiftly post-merger. They maintained a strong balance sheet, ending the year with $35 million in total debt and $73 million in cash equivalents. Innovex's return on capital employed (ROCE) improved to 12%, with a long-term target in the high teens. For Q1 2025, Innovex expects adjusted EBITDA between $45 million and $50 million on revenues of $245 million to $255 million. They also announced a $100 million share repurchase program to enhance shareholder returns, showcasing a strategic capital allocation approach balancing M&A opportunities and shareholder returns.Record Revenue Growth
Fourth quarter revenue was $251 million, an increase of 89% year over year and 65% sequentially, driven by the Dril-Quip and DWS acquisitions.
Successful Acquisition Strategy
The acquisition of Downhole Well Solutions and SCF Machining Corporation were completed, enhancing market reach and improving gross margins.
Strong Cash Flow and Financial Position
Free cash flow for Q4 2024 was $29 million, with year-end total debt of $35 million and $73 million of cash, resulting in a net cash position.
Achievement of Synergy Targets
Achieved the $30 million synergy target from the Dril-Quip merger faster than expected, with further cost savings anticipated.
Share Repurchase Program
Board authorization of a $100 million share repurchase program to enhance shareholder returns.
---
INVX Earnings History
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 |
|---|---|---|---|
| Feb 25, 2025 | $16.14 | $18.93 | +17.29% |
| Nov 07, 2024 | $15.89 | $15.40 | -3.08% |
| Aug 01, 2024 | $16.21 | $15.22 | -6.11% |
| May 02, 2024 | $18.54 | $18.60 | +0.32% |
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 Apr 24, 2025, TBA Not Confirmed.
What is Innovex International, Inc. (INVX) earnings time?
Innovex International, Inc. (INVX) earnings time is at Apr 24, 2025, TBA Not 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?
Currently, no data Available
---