Expro Q2 revenue $397M, net income $9M vs loss; Adj EBITDA $72M; reaffirms 2023 guidance

EXPRO GROUP HOLDINGS N.V.

2023-Q2 EPS reported $0.03 revenue$736,196,000

Revenue $397M (+17% QoQ, +27% YoY); net income $9M vs Q1 net loss $6M.
Adjusted EBITDA $72M (+71% QoQ, +40% YoY); margin 18% (up from 12% Q1).
Secured $300M of new work; notable contracts: $30M TotalEnergies Uganda, $20M Harbour Energy, >$50M Ghana extension.
Paid $8M to SEC settling legacy FCPA issue; no debt; cash $181M; liquidity $311M.
Full-year guidance reaffirmed: rev $1,450-1,550M, Adj EBITDA $275-325M, margin 19-21%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EXPRO GROUP HOLDINGS N.V. reported the quarter ended June 30, 2023 results: revenue $397 million, net income $9 million, EPS $0.08 per diluted share. Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Revenue: $397 million
Net income: $9 million
EPS: $0.08 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Revenue of $397 million, up 17% sequentially and up 27% year-over-year. Net income of $9 million, up sequentially from net loss of $6 million and up year-over-year from net loss of $4 million.

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Source: SEC EDGAR

accession 0001437749-23-020782

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