earnings
confidence high
sentiment positive
materiality 0.75
Expro Q4 revenue $296M (+50% QoQ); Adj EBITDA $51M; guides H2 2022 margins ~20%
EXPRO GROUP HOLDINGS N.V.
- Revenue $296M (+50% QoQ), net loss $91M ($0.84/sh), adj net loss $4M ($0.03/sh).
- Adjusted EBITDA $51M (17% margin), up 61% QoQ; full-year Adj EBITDA $126M.
- Cash $240M, no debt; liquidity $370M; 2022 capex guidance $90-100M.
- Q1 2022 revenue flat QoQ, Adj EBITDA margin 12-14%; H2 2022 margins ~20%.
- Cost synergies: >50% of $55M run-rate captured in 12 months; total at least $70M in 24-36 months.