8-K ·Filed Jun 15, 2026

INVX

Innovex International, Inc.
BULLISH
Impact 7/10
Horizonweeks Processed3mo ago SEC0001193125-26-270295
8-K context-dependent: Items 3.02
Actionable Insight ▲ Bullish

The acquisition is clearly accretive and strategically complementary, adding high-margin completion tools and services. The 6-month lock-up on seller shares limits near-term overhang. Monitor Q3 2026 closing and any integration updates. The ~13% EPS accretion and 14% ROCE support a positive re-rating if execution holds.

DirectionBullish
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d
INVX ▲ +5.93% at T+60d
LONG call ✓ call won +5.93% · α vs SPY +4.93% · entry $28.17 → $29.84
Entry anchored
Jun 12, 03:59 PM ET
via exchange tick
T+1d
-5.04%
call -5.04% · α -4.44%
$26.75
settled 4mo ago
T+5d
-8.91%
call -8.91% · α -7.53%
$25.66
settled 3mo ago
T+20d
-9.48%
call -9.48% · α -8.73%
$25.50
settled 3mo ago
T+60d
+5.93%
call +5.93% · α +4.93%
$29.84
settled 22d ago

Price Chart

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Executive Summary

Innovex International entered into a Share Purchase Agreement to acquire TCO Group AS for approximately $95 million, consisting of $65 million in cash and $30 million in newly issued common stock (~1,063,829 shares at ~$28.20/share). TCO Group generated $70 million in revenue, $12 million net income, and $18 million Adjusted EBITDA in FY2025. The transaction is expected to close early Q3 2026 and is projected to be ~13% accretive to Innovex's EPS with a 14% Transaction ROCE.

Key Financial Metrics

Offering Size
$30.0M
Dilution
1.5%

Key Facts

  • Acquisition of TCO Group AS for ~$95M ($65M cash + $30M stock)
  • TCO Group FY2025 revenue: ~$70M, net income: ~$12M, Adjusted EBITDA: ~$18M (25% margin)
  • Transaction expected to be ~13% accretive to Innovex EPS (pro forma)
  • 14% Transaction ROCE based on TCO's 2025 operating income less tax
  • Seller locked up for 6 months post-closing on the ~1,063,829 Consideration Shares
  • Closing expected early Q3 2026, subject to customary conditions

Financial Impact

~$95M total purchase price; ~1.5% dilution from 1,063,829 new shares vs ~69M basic shares outstanding; ~13% EPS accretion

revenueepsdilution

Risk Factors

  • Integration risk and potential cost overruns
  • Currency risk (NOK-denominated target, USD acquirer)
  • Oil & gas cyclicality could pressure TCO's revenue post-acquisition
  • Customary closing conditions may delay or prevent close

Market Snapshot

Exchange
NYSE
Sector
Oil & Gas Field Machinery & Equipment
Analyst Consensus
80% bullish (10 analysts)

Investment Themes

Industrials & Manufacturing

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001193125-26-270295
Document: 0001193125-26-270295-index-headers.html0001193125-26-270295
Document: 0001193125-26-270295-index.html0001193125-26-270295
Document: 0001193125-26-270295.txt0001193125-26-270295
7 reports for INVX
Performance horizon
100% Hit rate 3 of 3 directional calls best @ T+20▲ +14.43%Feb 24, 2026
Filters
Rows
Reports for INVX — sortable, filterable
TypeNow
Aug 10, 2026
7w ago
Insider Cluster
BEARISH ★ 7/10
$30.14 $29.84▲ +1.00%▼ −0.06%$27.31 (+9.39%)
Jun 15, 2026
15w ago
8-K
BULLISH ★ 7/10
$28.17 $25.50▼ −9.48%▼ −8.73%$27.31 (−3.05%)
May 4, 2026
21w ago
8-K
MIXED ★ 5/10
$26.68 $28.04▲ +5.10%▲ +0.14%$27.31 (+2.36%)
Mar 27, 2026
27w ago
DEFA14A
NEUTRAL ★ 2/10
$24.25 $28.15▲ +16.08%▲ +3.49%$27.31 (+12.62%)
Mar 11, 2026
29w ago
8-K
NEUTRAL ★ 3/10
$24.13 $26.51▲ +9.86%▲ +7.89%$27.31 (+13.18%)
Feb 24, 2026
31w ago
Insider Cluster
BEARISH ★ 8/10
$28.90 $24.73▲ +14.43%▲ +9.44%$27.31 (+5.50%)
Feb 24, 2026
31w ago
Insider Cluster
BEARISH ★ 8/10
$28.90 $24.73▲ +14.43%▲ +9.44%$27.31 (+5.50%)
Showing 7 of 7

US Market Status

Market Closed — Opens Mon (64h 20m)

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