Innovex Reports Q1 2025 Earnings with Revenue Growth and Sequential Declines in International Markets
Innovex (INVX) reported Q1 2025 revenue of $240 million, up 88% year-over-year but down 4% sequentially due to weakness in international and offshore markets. The company saw a 17% sequential increase in NAM Land revenue, driven by DWS integration and seasonal growth in Canada, while international and offshore revenue fell 19% sequentially, primarily due to a sharp decline in Mexico activity.
Topics: Capital Expenditures EBITDA Free Cash Flow Mergers and Acquisitions Revenue