NYSE$INVX
Innovex International Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Demonstrated the earnings power of platform with margin enhancement opportunities in 2025 as Dril-Quip synergies are fully realized and the DWS business is fully integrated.
Innovex Intl Inc. reported a strong fourth quarter, driven by the Dril-Quip and DWS acquisitions. The company is focused on integrating these businesses and realizing synergies, with a goal of achieving EBITDA margins of 25% or greater. A share repurchase program was authorized, providing a new avenue for shareholder returns.
- Revenue increased by 89% year-over-year to $251 million, driven by the Dril-Quip and DWS acquisitions.
- EBITDA margin increased sequentially from 18% to 20% due to strong execution on synergies.
- Free cash flow for the fourth quarter of 2024 was $29 million, a sequential increase of $9 million.
- The company authorized a $100 million share repurchase program.
Headline financials
Revenue & EPS history
Dril-Quip · Revenue · Quarterly
$251M
Revenue by segment
Dril-Quip · $105M total across 2 segments · Q3 2023
- Product Revenues$77.6M+32.6%74.0%
- Service Revenues$27.2M+33.1%26.0%
Forward guidance
For the first quarter of 2025, Innovex expects adjusted EBITDA of $45 to $50 million and revenues of $245 to $255 million.
Tailwinds
- Benefit from two additional months of impact from DWS in Q1 2025 versus Q4.
Headwinds
- Mexico market looks pretty tough to start the year.
- Gulf of Mexico business, very strong business, but probably a little bit fewer deliveries in Q1 than we would otherwise have.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
-0.0%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+0.1%
Avg return
30 days after
49%
33 / 68 earnings
Positive
+16.7%
Q4 2022
Best reaction
-19.2%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | -2.8% | +3.5% | |
| Q4 2025 | +6.4% | -3.0% | -8.8% | |
| Q3 2025 | -4.1% | -1.9% | +15.6% | |
| Q1 2025 | +3.3% | -0.3% | +3.6% | |
| Q4 2024 | +16.4% | +10.5% | +9.5% | |
| Q3 2024 | -0.7% | +4.1% | -5.7% | |
| Q2 2024 | -12.1% | -13.3% | -5.8% | |
| Q1 2024 | +2.8% | +4.6% | +6.9% | |
| Q4 2023 | +10.6% | +8.8% | +7.3% | |
| Q3 2023 | -8.1% | -12.6% | -8.6% | |
| Q2 2023 | +7.3% | +9.8% | +8.9% | |
| Q1 2023 | -4.4% | -11.0% | -4.8% | |
| Q4 2022 | +16.7% | +21.9% | -4.1% | |
| Q3 2022 | -9.1% | -8.0% | -7.9% | |
| Q2 2022 | +1.4% | -6.8% | -6.6% | |
| Q1 2022 | -4.2% | -0.8% | +5.6% | |
| Q4 2021 | +10.5% | +16.2% | +43.8% | |
| Q3 2021 | +0.3% | +1.9% | -17.7% | |
| Q2 2021 | -1.3% | +2.4% | -14.6% | |
| Q1 2021 | +2.0% | +7.1% | +11.6% | |
| Q4 2020 | -7.8% | -9.0% | -7.4% | |
| Q3 2020 | +8.5% | +7.5% | +27.7% | |
| Q2 2020 | -7.7% | -2.5% | -5.7% | |
| Q1 2020 | -8.3% | -5.0% | +23.2% | |
| Q4 2019 | +1.6% | +5.0% | -20.2% | |
| Q3 2019 | -9.0% | -8.3% | -10.4% | |
| Q2 2019 | +3.8% | +4.7% | -9.0% | |
| Q1 2019 | -2.1% | -2.0% | -7.7% | |
| Q4 2018 | +15.6% | +13.0% | +22.3% | |
| Q3 2018 | +3.3% | +3.4% | -5.8% | |
| Q2 2018 | -6.8% | -7.9% | -7.4% | |
| Q1 2018 | -6.4% | -5.2% | +3.8% | |
| Q4 2017 | -4.1% | -6.0% | -4.7% | |
| Q3 2017 | +6.4% | +10.3% | +16.9% | |
| Q2 2017 | +1.8% | -13.0% | -26.9% | |
| Q1 2017 | +0.0% | -5.0% | -4.4% | |
| Q4 2016 | -11.0% | -14.2% | -19.7% | |
| Q3 2016 | -6.6% | -8.4% | +4.6% | |
| Q2 2016 | -5.1% | -1.1% | +3.2% | |
| Q1 2016 | +1.5% | — | — | |
| Q4 2015 | +3.3% | — | — | |
| Q3 2015 | -6.3% | — | — | |
| Q2 2015 | -7.9% | — | — | |
| Q1 2015 | +5.2% | — | — | |
| Q4 2014 | +4.9% | — | — | |
| Q3 2014 | -4.4% | — | — | |
| Q2 2014 | -4.6% | — | — | |
| Q1 2014 | -8.7% | — | — | |
| Q4 2013 | +11.5% | — | — | |
| Q3 2013 | -0.9% | — | — | |
| Q2 2013 | +9.7% | — | — | |
| Q1 2013 | +4.9% | — | — | |
| Q4 2012 | -1.6% | — | — | |
| Q3 2012 | +1.6% | — | — | |
| Q2 2012 | -0.7% | — | — | |
| Q1 2012 | -0.3% | — | — | |
| Q4 2011 | -8.1% | — | — | |
| Q3 2011 | +1.7% | — | — | |
| Q2 2011 | -19.2% | — | — | |
| Q1 2010 | +6.7% | — | — | |
| Q1 2011 | -0.0% | — | — | |
| Q4 2008 | -3.1% | — | — | |
| Q4 2010 | -3.1% | — | — | |
| Q3 2010 | +4.9% | — | — | |
| Q3 2009 | +4.9% | — | — | |
| Q2 2010 | +3.2% | — | — | |
| Q4 2009 | +3.2% | — | — | |
| Q2 2009 | +3.2% | — | — |
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