Innovex International reports third quarter revenue of $240 million and net income of $39 million
Reuters
Nov 04
Innovex International reports third quarter revenue of $240 million and net income of $39 million
Innovex International Inc. reported third quarter 2025 revenue of $240.0 million, an increase of 7.0% quarter over quarter. Net income was $39.0 million, representing a net income margin of 16.0%. Adjusted EBITDA reached $44.0 million, with an adjusted EBITDA margin of 18.0%. The company generated $48.0 million in net cash from operating activities and $37.0 million in free cash flow during the quarter. Capital expenditures were $12.0 million, approximately 5.0% of revenue, mainly related to facility consolidation efforts. For the twelve months ended September 30, 2025, income from operations totaled $134.0 million and return on capital employed was 13.0%. The company closed the sale of its legacy Dril-Quip Eldridge Facility for $90.0 million and ended the quarter with $163.0 million in cash and cash equivalents and $26.0 million in total debt. Innovex delivered significant subsea products in the Middle East and expanded its market position in the region. Fourth quarter 2025 guidance projects revenue between $235.0 million and $245.0 million and adjusted EBITDA between $42.0 million and $47.0 million.
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