Overview

* Innovex ( INVX ) Q3 revenue of $240 mln beats analyst expectations, up 7% quarter-over-quarter

* Adjusted EBITDA for Q3 beats estimates, reflecting operational efficiency

* Company closed sale of Eldridge facility, strengthening cash position

Outlook

* Innovex expects Q4 2025 revenue between $235 mln and $245 mln

* Company forecasts Q4 2025 adjusted EBITDA of $42 mln to $47 mln

* Innovex ( INVX ) plans to exit Eldridge facility by year-end, improving 2026 results

Result Drivers

* MARKET SHARE GAINS - Innovex ( INVX ) increased its market share in the U.S. Land market, outperforming flat US land activity

* SUBSEA TRANSFORMATION - Progress in subsea product line transformation with improved on-time delivery and facility sale

* NEW PARTNERSHIP - Innovex ( INVX ) signed an agreement to become the exclusive subsea wellhead provider for OneSubsea

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $240 mln $217 mln

Revenue (1

Analyst)

Q3 EPS $0.57

Q3 Net $39.22

Income mln

Q3 Beat $43.61 $43.02

Adjusted mln mln (1

EBITDA Analyst)

Q3 Capex $12 mln

Q3 $62.28

Operatin mln

g income

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 0.4% below its October 31 closing price of $20.07

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

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(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.)