earnings
confidence high
sentiment positive
materiality 0.75
Expro reports Q3 pro forma combined revenue $312.5M, up 10% sequentially; guides Q4 EBITDA margin 15-17%
EXPRO GROUP HOLDINGS N.V.
- Legacy Expro revenue $197.5M (+12% QoQ), Adjusted EBITDA $30.9M (+18% QoQ).
- Frank's revenue $114.9M (+7% QoQ), Adjusted EBITDA $13.8M (+11% QoQ).
- Combined cash $270.6M; new $200M credit facility with $130M drawn; no outstanding debt.
- Expects $55M annual run-rate cost synergies within 12 months, $70M total in 24-36 months.
- Q4 2021 outlook: flat to mid-single digit revenue growth, 15-17% Adjusted EBITDA margin.