Expro Q3 net loss $14M, revenue down 7% QoQ; LWI incident costs $15M; $100M buyback authorized

EXPRO GROUP HOLDINGS N.V.

2024-Q3 EPS reported -$0.10 revenue$1,106,014,000

Revenue $370M (-7% QoQ, +11% YoY); net loss $14M (diluted EPS -$0.10) vs net income $9M in Q2.
Adjusted EBITDA $50M (-31% QoQ), margin 14%; LWI unrecoverable costs $15M, excluding which Adj EBITDA would be $66M.
NLA revenue $105M (-22% QoQ) due to lower US onshore and dry wells; ESSA $135M (-2%); APAC $71M (+10%) but segment EBITDA -$4M on LWI.
Stock repurchase program extended: up to $100M through Nov 2024.
Cash $257M, debt $50M; revolver amended to $250M with 3-year extension.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EXPRO GROUP HOLDINGS N.V. reported the quarter ended September 30, 2023 results: revenue $370 million, net income Net loss of $14 million, EPS $0.10 per diluted share.

Period: the quarter ended September 30, 2023
Revenue: $370 million
Net income: Net loss of $14 million
EPS: $0.10 per diluted share
Result: reported results

Exact text from the filing

2 ex_565010.htm EXHIBIT 99.1 ex_565010.htm Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE EXPRO GROUP HOLDINGS N.V. ANNOUNCES THIRD QUARTER 2023 RESULTS Revenue of $370 million, down 7% sequentially and up 11% year-over-year. Net loss of $14 million, as compared to net income of $9 million for the second quarter of 2023 and net loss of $18 million for

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Source: SEC EDGAR

accession 0001437749-23-029022

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