Innovex to sell Eldridge campus for $95.0 million; Q1 revenue seen below guidance
Innovex International agreed on April 21, 2025 to sell its Eldridge facility in Houston to BIG Acquisitions LLC for $95.0 million, subject to adjustments, with a short-term lease back to the company and closing expected in the third quarter of 2025. In a same-day update, the company said first-quarter 2025 revenue is expected to be about $240 million, below its previous guidance of $245 million to $255 million, while Adjusted EBITDA is expected to be $44 million to $46 million.
Key points
- Eldridge facility sale price is $95.0 million, subject to adjustments; closing expected in Q3 2025
- Short-term lease back from the buyer runs to December 31, 2025, with one six-month extension option and gross rent of $650,000 per month
- Preliminary Q1 2025 revenue of about $240 million vs. prior guidance of $245 million to $255 million; Adjusted EBITDA $44 million to $46 million
- Q1 2025 earnings release set for May 6, 2025; conference call on May 7, 2025
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 25, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.