Innovex International Inc. $(INVX)$ released its financial results for the first quarter of 2025, reporting a revenue of $240.415 million, marking a decrease from the $250.687 million recorded in the prior quarter. The company achieved a net income of $14.757 million, which is a decline compared to the $31.789 million reported for the last quarter of 2024. Innovex's net income margin stood at 6% for this period. The company generated an Adjusted EBITDA of $46 million, resulting in an Adjusted EBITDA Margin of 19%. Additionally, Innovex provided net cash from operating activities amounting to $31 million and free cash flow totaling $24 million during the first quarter. A key business update includes the acquisition of SCF Machining Corporation and the completion of the first successful installation of the VXTeTM Self-Orientating Vertical Tree. Looking ahead, Innovex has provided guidance for the second quarter of 2025, anticipating revenue between $225 million and $235 million. The company expects Adjusted EBITDA to range from $40 million to $45 million, considering ongoing softness in the Mexican market and slight activity declines in the North American land market.