Innovex International, Inc. — Form 8-K
Filed August 3, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Innovex reported Q2 2026 revenue of $244.9M (up 9% YoY), net income of $25.0M, and Adjusted EBITDA of $48.0M (20% margin). On July 1, 2026, the company completed acquisition of TCO Group AS for $95M in cash and stock, funded with $222M cash on hand and no bank debt. Q3 2026 guidance: revenue $260–270M, Adjusted EBITDA $51–57M.
Why this rating
TCO acquisition is 16% of market cap—meaningful but not transformational; strong Q2 results and $222M cash provide flexibility; subsea momentum positive, but contingent on offshore recovery.
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