Innovex International, Inc. 10-Q

Item 1A. Risk Factors This section augments and updates certain risk factors disclosed under “Item 1A. Risk Factors” in Part I of our Annual Report on Form 10-K for the year ended December 31, 2020. The following risk factor supplement the corresponding risks described in the Annual Report and should be read together with the other risk factors disclosed in the Annual Report. Risks Related to COVID-19 The outbreak of COVID-19 and developments in the global oil markets have had, and may continue to have, material adverse consequences for general economic, financial and business conditions, and could materially and adversely affect our business, financial condition, results of operations and liquidity and those of our customers, suppliers and other counterparties. The outbreak of COVID-19 and the responses of governmental authorities, companies and individuals across the world to stem the spread of the virus significantly reduced global economic activity. Although the demand and price of crude oil has improved as COVID-19 vaccines have become more widely deployed and available worldwide, any prolonged recovery from the negative effects of COVID-19 on economic and business prospects across the world may negatively impact crude oil prices and the demand for our products, and could have significant adverse consequences to our financial condition and the financial condition of our customers, suppliers and other counterparties. The ultimate extent of the impact of the COVID-19 pandemic on our business, financial condition, results of operation and liquidity will depend largely on the pace and level of the recovery from the pandemic and whether overall economic activity returns to pre-pandemic levels, all of which are uncertain and cannot be predicted with certainty at this time. 30 Table of Contents Item 6. (a) Exhibits The following Exhibits are filed herewith: Exhibit No. Description *3.1 — Restated Certificate of Incorporation of the Company (incorporated herein by reference to Exhibit 3.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2017). *3.2 — Amended and Restated Bylaws of the Company (incorporated herein by reference to Exhibit 3.2 to the Company’s Current Report on Form 8-K filed on May 20, 2014). *4.1 — Form of Certificate representing Common Stock (incorporated herein by reference to Exhibit 4.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2018, File No. 001-13439). 31.1 — Rule 13a-14(a)/15d-14(a) Certification of Blake T. DeBerry. 31.2 — Rule 13a-14(a)/15d-14(a) Certification of Raj Kumar. 32.1 — Section 1350 Certification of Blake T. DeBerry. 32.2 — Section 1350 Certification of Raj Kumar. 101.INS — Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. 101.SCH — Inline XBRL Taxonomy Extension Schema Document. 101.CAL — Inline XBRL Taxonomy Extension Calculation Linkbase Document. 101.DEF — Inline XBRL Taxonomy Extension Definition Linkbase Document. 101.LAB — Inline XBRL Taxonomy Extension Label Linkbase Document. 101.PRE — Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 — Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). * Incorporated herein by reference as indicated. 31 Table of Contents SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. DRIL-QUIP, INC. Date: July 29, 2021 BY: /s/ Raj Kumar Raj Kumar, Vice President – Chief Financial Officer (Principal Financial Officer and Duly Authorized Signatory) 32