Innovex International — Q1 2025 Earnings Presentation

7 slides from Innovex International's earnings presentation, May 6, 2025

Slide 1: Operational & Financial Results
Operational & Financial Results Kendal Reed, CFO commented, “Softness in the Mexico market resulted in weaker revenues than originally anticipated. The NAM Land business grew 17% sequentially despite the US rig count staying relatively flat. This was due primarily to the inclusion of a full quarter
Slide 2: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets
Slide 3: Condensed Consolidated Statement of Cash Flows
Condensed Consolidated Statement of Cash Flows (in thousands, except share and per share amounts)
Slide 4: Non-GAAP Measures
Non-GAAP Measures Adjusted EBITDA and Adjusted EBITDA Margin We define Adjusted EBITDA (a non-GAAP measure) as net income before interest expense, income tax expense, depreciation and amortization, (gain)/loss on sale of assets and other expense, net, further adjusted to exclude certain items which
Slide 5: Reconciliation of Income from Operations to ROCE
Reconciliation of Income from Operations to ROCE
Slide 6: Reconciliation of Net Cash from Operations to Free Cash Flow
Reconciliation of Net Cash from Operations to Free Cash Flow
Slide 7: Three Months Ended
‘Three Months Ended March31, December31, March31, 2025, 2024 2024 North America Onshore ("NAM") Product revenues S 75255 S$ 75397 S$ 66,665 Rental revenues 28513 10,123 2,107 Service revenues. 16,749 17.254 12,126 Revenue - North America Onshore S 120517 S$ 102,774 $80,898 International & Offshore P