Overview

* Innovex ( INVX ) Q2 revenue falls 7% qtr/qtr, missing analyst expectations

* Adjusted EBITDA for Q2 beats analyst estimates, reflecting strong profitability

Outlook

* Innovex expects Q3 2025 revenue of $230 - $240 mln

* Company anticipates Q3 2025 Adjusted EBITDA of $40 - $45 mln

Result Drivers

* CITADEL ACQUISITION - Acquisition of Citadel Casing Solutions contributed new technologies and customer relationships, aiding organic growth

* FLEXIBLE SUPPLY CHAIN - Co's diversified supply chain and capital-light model helped maintain margins and increase free cash flow despite revenue decline

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $224.23 $230 mln

Revenue mln (1

Analyst)

Q2 Net $15.34

Income mln

Q2 Beat $46.64 $42.90

Adjusted mln mln (1

EBITDA Analyst)

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the oil related services and equipment peer group is "buy."

* Wall Street's median 12-month price target for Innovex International Inc ( INVX ) is $20.00, about 20.1% above its August 4 closing price of $15.98

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)