Innovex International Inc (NYSE:INVX)

Q3 2025 Innovex International Inc Earnings Call Transcript

Nov 4, 2025 / 03:00 PM GMT

Release Date Price: $19.61 (-3.97%)

Transcript 10-Q8-K

Key Points

Positve

Innovex International Inc (INVX) reported a revenue increase to $240 million for Q3, representing a $16 million sequential rise.
The company successfully integrated the Citadel acquisition, which broadened market position and created cross-selling opportunities.
Innovex's North America land business grew approximately 10% sequentially, showcasing strong execution and resilience.
The company achieved a high free cash flow conversion rate of approximately 84% of adjusted EBITDA.
Innovex inaugurated a new manufacturing facility in Saudi Arabia, enhancing local content in a key international market.

Negative

Adjusted EBITDA margin for Q3 decreased sequentially to 18% from 21%, primarily due to increased near-term expenses related to integration efforts.
The company faced softness in key international markets such as Saudi Arabia and Mexico.
Higher tariffs, particularly on steel, began to impact the business, posing challenges to maintaining margins.
Free cash flow for the third quarter decreased by $15 million sequentially.
The ongoing integration efforts and product mix with subsea product deliveries are expected to weigh on margins for at least another quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

INVX.N - Innovex International Inc
Q3 2025 Innovex International Inc Earnings Call
Nov 04, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Eve's 3rd quarter 2025 earnings call. At this time, all participants are in listen-only mode, and there will be a question-and-answer opportunity at the end of this call. As a reminder, this call is being recorded.

At this time, I would like to turn the call over to Avinash Kouppa, senior director of investor relations. Please go ahead.

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Unidentified_2 [2]
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Good morning, everyone, and thank you for joining us on today's call. An updated investor presentation has been posted under the investors tab on the

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