Innovex International, Inc. reported second-quarter 2026 results with revenue of $244.9M, up from $224.2M a year earlier, and net income of $25M. Diluted earnings per share were $0.36, compared with $0.22 in Q2 2025.
Financial Highlights
- Revenue was $244.9M for Q2 2026, compared with $224.2M in Q2 2025; YoY change 9.2%.
- Net income was $25.0M for Q2 2026, compared with $15.3M in Q2 2025; YoY change 63.1%.
- Diluted EPS was $0.36 for Q2 2026, compared with $0.22 in Q2 2025; YoY change 63.6%.
Business Highlights
- Revenue growth was driven by North America share gains and recent acquisitions, with H1 revenue rising about 4% year over year.
- North America accounted for roughly 55% of first-half revenue; the company is focusing on expanding International and Offshore exposure, particularly in the Middle East.
- Proprietary product development and a "No Barriers" culture continued to support commercialization and scaling of new offerings.
- Innovex completed acquisitions of DIS in April 2026 and TCO Group in July 2026 to broaden its downhole product portfolio.
- Adjusted EBITDA held near a roughly 20% margin; H1 net income was affected by a one-time legal provision while core margins remained stable.
Original SEC Filing:
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