Innovex International Inc
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
INVX$24.91-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands, except share and per share amounts) | 2024 | 2023 | 2022 |
| Revenues | |||
| Products | $527,394 | $460,802 | $402,019 |
| Services | 83,127 | 63,391 | 33,519 |
| Rental | 50,282 | 31,346 | 31,651 |
| Total revenues | 660,803 | 555,539 | 467,189 |
| Cost of revenues(a) | |||
| Products | 332,372 | 295,293 | 267,956 |
| Services | 82,109 | 55,730 | 29,252 |
| Rental | 13,691 | 9,079 | 11,864 |
| Total cost of revenues | 428,172 | 360,102 | 309,072 |
| Selling, general and administrative expenses | 116,181 | 72,797 | 59,194 |
| (Gain) loss on sale of assets | (654) | 106 | 709 |
| Depreciation and amortization | 31,207 | 22,659 | 18,468 |
| Impairment of long-lived assets | 3,522 | 266 | 964 |
| Acquisition costs | 33,300 | 2,327 | 2,939 |
| Income from operations | 49,075 | 97,282 | 75,843 |
| Interest expense | 2,430 | 5,506 | 4,034 |
| Other expense (income), net | 298 | 385 | (1,120) |
| Equity method earnings | (2,616) | (2,975) | — |
| Gain on bargain purchase | (85,812) | — | — |
| Gain on consolidation of equity method investment | (8,037) | — | — |
| Income before income taxes | 142,812 | 94,366 | 72,929 |
| Income tax expense, net | 2,487 | 20,440 | 9,651 |
| Net income | 140,325 | 73,926 | 63,278 |
| Foreign currency translation adjustment | (10,969) | (1,753) | 463 |
| Comprehensive income | $129,356 | $72,173 | $63,741 |
| Earnings per common share | |||
| Basic | $2.82 | $2.39 | $2.07 |
| Diluted | $2.77 | $2.29 | $2.01 |
| Weighted average common shares outstanding | |||
| Basic | 49,727,093 | 30,928,647 | 30,540,417 |
| Diluted | 50,627,004 | 32,338,518 | 31,443,084 |
(a)Cost of revenues excludes depreciation and amortization.
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