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Dril-Quip, Inc. Stock Price: Quote, Forecast, Splits & News (DRQ)

Perplexity Finance

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Company Profile

Innovex Downhole Solutions Inc Price & Performance (INVX)

Stock Performance

Updated Apr 25, 8:00 PM UTC

Innovex Downhole Solutions Inc

$15.91USD

-$0.03 (-0.19%)

After Hours

+$0.04 (+0.25%)

Open

$15.71

Market Cap

$1.10B

Year High

$20.14

High

$16.01

P/E Ratio

5.7

Year Low

$12.54

Low

$15.66

Dividend Yield

0.00%

Volume

262.23K

What's Happening

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Financial information provided by Financial Modeling Prep. Options data provided by Unusual Whales. Live transcripts provided by Quartr. Reported revenue and EPS data from Earnings powered by FinChat.io. All data is provided for informational purposes only, and is not intended for trading purposes or financial, investment, tax, legal, accounting or other advice. · See all tickers.

Overview
Latest News
Earnings
Income Statement
Cash Flow
Balance Sheet
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Latest News

Innovex Finalizes $95 Million Sale of Houston Facility, Signals Strategic Shift
Apr 16, 2025
Innovex International has agreed to sell its Houston Eldridge facility for $95 million, with the transaction expected to close in Q3 2025. The company will lease the property short-term to complete consolidation efforts. This move reduces its Houston subsea footprint by 82%, aiming for cost savings and improved delivery times.123
Transformation Accelerates as Innovex Sells Dril-Quip Eldridge Campus
Apr 16, 2025
The sale of Innovex’s Dril-Quip Eldridge campus marks a milestone in the company’s transformation strategy. Proceeds are set to strengthen Innovex’s balance sheet and may support share buybacks or acquisitions. Q1 2025 revenue is forecast at $240 million, slightly below guidance, due to weaker-than-expected performance in Mexico.231
Strategic Divestiture Poised to Enhance Innovex’s Cash Position and Efficiency
Apr 25, 2025
Innovex’s $95 million facility sale will free up capital, with management noting the proceeds represent about 9% of market capitalization. The company’s strong liquidity and low debt-to-equity ratio position it well for future investments, while the divestiture is expected to drive significant operational efficiencies and shareholder value.142

Go Deeper

How might the recent accounting error and required financial restatements impact investor confidence and future stock performance?
What are the potential effects of the contentious merger with Innovex, given significant shareholder opposition and the removal of certain governance provisions?
How could management’s golden parachutes and change-of-control payouts influence perceptions of leadership alignment with shareholder interests?
Will the substantial drop in Dril-Quip’s stock price since the merger announcement continue, or is a rebound likely as merger uncertainty resolves?
What operational and financial synergies are realistically achievable from the Dril-Quip-Innovex merger, and how soon might these materialize for shareholders?