secwatch.observer — SEC 8-K summary
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Issuer:     EXPRO GROUP HOLDINGS N.V. (XPRO)
CIK:        0001575828
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001437749-23-029022
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575828/000143774923029022/0001437749-23-029022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575828/000143774923029022/fi20230826_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-029022

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