secwatch.observer — SEC 8-K summary
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Issuer:     EXPRO GROUP HOLDINGS N.V. (XPRO)
CIK:        0001575828
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001437749-23-020782
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575828/000143774923020782/0001437749-23-020782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575828/000143774923020782/fi20230525_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020782

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer