Q1 2025 Performance - Innovex International's Q1 2025 revenue was $240 million, a 4% sequential decrease[17, 23] - The company's Adjusted EBITDA for Q1 2025 was $46 million, with an Adjusted EBITDA margin of 19%[17, 23] - Innovex International reported a Free Cash Flow of $24 million in Q1 2025[19, 23] Q2 2025 Guidance - Innovex International projects revenue between $225 million and $235 million for Q2 2025[23] - The company anticipates Adjusted EBITDA between $40 million and $45 million for Q2 2025[23] Strategic Initiatives - Innovex International has a definitive agreement to sell the Eldridge facility for $95 million, freeing up approximately 9% of the company's market capitalization[30, 32] - The company aims for an 85% footprint reduction at the Eldridge facility, decreasing from 113 acres to around 23 acres, expected to close in Q3 2025[29, 32] - Innovex International reduced SG&A as a percentage of revenue from 25% in Q3 2024 to 13% in Q1 2025 through annual cost synergies[29] Margin Enhancement - Innovex International is targeting a long-term Adjusted EBITDA margin of 25%[25] - The company improved on-time delivery to approximately 72% in Q1 2025, up from less than 50% in Q3 2024, with a goal to reach 95%[29]