Shares of Innovex International, Inc. (NYSE: INVX) surged 9.26% in after-hours trading on Monday, following the release of the company's outstanding third-quarter 2025 financial results that significantly surpassed analyst expectations.
The oilfield services firm reported quarterly earnings of $0.57 per share, more than doubling the analyst consensus estimate of $0.25 and marking a 128% increase from the same period last year. Innovex's revenue also impressed, reaching $240 million, beating the analyst estimate of $217 million by 10.60% and representing a 58.09% year-over-year increase. The company's adjusted EBITDA for the quarter came in at $43.613 million, also exceeding projections.
Innovex's strong performance can be attributed to several factors, including market share gains in the U.S. Land market, progress in its subsea product line transformation, and a new partnership agreement to become the exclusive subsea wellhead provider for OneSubsea. Additionally, the company closed the sale of its legacy Dril-Quip Eldridge Facility for $90 million, further strengthening its financial position. Looking ahead, Innovex provided an optimistic outlook for the fourth quarter of 2025, projecting revenue between $235 million and $245 million, which has fueled investor enthusiasm and contributed to the significant after-hours stock price surge.