Expro Q2 revenue $314M, up 12% QoQ; net loss narrows to $4M; launches $50M buyback

EXPRO GROUP HOLDINGS N.V.

2023-Q2 EPS reported -$0.14 revenue$594,101,000

Revenue $314M (+12% QoQ); net loss $(4)M vs $(11)M Q1; adjusted net income $3M.
Adjusted EBITDA $51M (+39% QoQ), margin 16% vs 13%.
Repurchased 1.1M shares for $13M under new $50M buyback; no debt, $179M cash.
NLA revenue $130M (+25% QoQ); ESSA $90M; MENA $45M; APAC $48M.
Capex plan $60-70M H2 2022; support costs reduced $8M vs pre-merger combined.

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