Innovex International reported second quarter 2026 revenue of $245 million and net income of $25 million, with adjusted EBITDA of $48 million. The company generated $30 million in free cash flow and ended the quarter with $222 million in cash and no bank debt. Innovex completed its acquisition of TCO Group AS for $95 million on July 1, 2026, funded by a mix of cash and equity. Management provided third quarter guidance projecting revenue between $260 million and $270 million and adjusted EBITDA between $51 million and $57 million. Innovex International operates in the oilfield services industry, providing well construction and completion technologies.
