Innovex Q1 2025: Record Revenue, Cash Sale, & Share Buyback

Innovexs Q1 2025 earnings show a 88% YoY revenue increase to $240M, driven by Dril-Quip merger and DWS acquisition, but a 4% QoQ dip. North America land revenue surged 17% sequentially, while international and offshore dipped 19%. Adjusted EBITDA was $46M, with 52% free cash flow conversion. Margins remained stable. The company plans to sell Eldridge facility for $95M, acquire SCF Machining, and repurchase $100M shares. Q2 guidance is $225-235M revenue and $40-45M EBITDA. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/dc4fa5549914d237