Innovex International Inc - Company Profile
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Innovex International Inc (Innovex) formerly Dril-Quip Inc designs, manufactures, sells, and rents engineered products for the global oil and natural gas industry. The company's main activities include providing well-centric products and technologies. Innovex offers a range of products such as drilling enhancement tools, fishing and intervention equipment, production solutions, subsea solutions, surface wellheads, and well completion and construction products. Its products are used by exploration and production operators, national oil companies, international oil companies, and oilfield service companies to optimize drilling performance and enhance well lifecycle efficiency. Innovex operates a robust sales and distribution network across various regions, including the Middle East, Asia, Latin America, Europe, Africa, and the Gulf of America. The company maintains manufacturing and production facilities in locations such as Texas, Louisiana, Scotland, Singapore, Brazil, Canada, Vietnam, and Saudi Arabia. Innovex targets markets in North America, International, and Offshore regions. Innovex is headquartered in Houston, Texas, the US.
Headquarters
United States of America
Address
19120 Kenswick Drive, Houston, Texas, 77338
Website
www.innovex-inc.com
Telephone
1 346 3980000
No of Employees
2,160
Industry
Energy and Utilities
Ticker Symbol & Exchange
INVX (NYSE)
Revenue (2024)
$978.3M
48%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-40.6%
(2024 vs 2023)
Market Cap*
$1.7B
Net Profit Margin (2024)
XYZ
-59.9%
(2024 vs 2023)
* As of and is in US$
Innovex International Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Subsea: | Subsea: | Subsea |
| Subsea Wellhead Connectors | Asset Lifecycle Management | Innovex |
| Subsea Wellheads | Project Management, Engineering and Testing | WearSox |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In June, the company entered into an agreement to acquire TCO Group AS. |
| 2026 | Acquisitions/Mergers/Takeovers | In April, the company acquired Drilling Innovative Solutions, LLC, an oil field equipment supplier. |
| 2025 | Asset Disposal | In September, the company sold its facility located at 6401 North Eldridge Pkwy, Houston, Texas 77041. |
Competitor Comparison
| Key Parameters | Innovex International Inc | Slb NV | Baker Hughes Co | Halliburton Co | TechnipFMC Plc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United Kingdom |
| City | Houston | Houston | Houston | Houston | London |
| State/Province | Texas | Texas | Texas | Texas | Northumberland |
| No. of Employees | 2,160 | 109,000 | 53,000 | 46,000 | 23,089 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Adam Anderson | Chief Executive Officer | Executive Board | 2024 | 49 |
| Kendal Reed | Chief Financial Officer | Senior Management | 2024 | 38 |
| Steve Chauffe | Senior Vice President - Europe, Caspian, and Africa region | Senior Management | - | - |
| John Ray | Senior Vice President - Middle East and Asia | Senior Management | - | - |
| Todd Stair | Senior Vice President - Downhole Product Line | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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