Expro Q4 revenue $407M, Adj EBITDA $85M; guides 2024 rev $1.6-1.7B, Adj EBITDA $325-375M

EXPRO GROUP HOLDINGS N.V.

2024-FY EPS reported -$0.21 revenue$1,512,764,000

Q4 revenue $407M (+10% seq, +18% YoY full year), net loss $12M ($0.11/diluted); adjusted net income $7M ($0.06).
Adjusted EBITDA Q4 $85M (21% margin), up 70% sequentially; full year $249M (16% margin), +21% YoY.
2024 guidance: revenue $1.6-1.7B, Adj EBITDA $325-375M (20-22% margin); Q1 rev $365-375M, Adj EBITDA $63-73M.
Definitive agreement to acquire Coretrax (performance drilling tools) expected to close early Q3 2024.
PRT Offshore acquired in Q4; LWI suspension cost $4M in Q4 (vs $15M in Q3); stock buyback extended to $100M through Nov 2024.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.4

EXPRO GROUP HOLDINGS N.V. reported the quarter and year ended December 31, 2023 results: revenue $407 million for the fourth quarter, net income Net loss of $12 million for the fourth quarter, EPS $0.11 per diluted share.

Period: the quarter and year ended December 31, 2023
Revenue: $407 million for the fourth quarter
Net income: Net loss of $12 million for the fourth quarter
EPS: $0.11 per diluted share
Result: reported results

Exact text from the filing

FOURTH QUARTER AND FULL YEAR 2023 RESULTS Strong operational performance and profitable growth driven by a rebound of NLA activity and acquisition of PRT Offshore. Revenue of $407 million for the fourth quarter, up 10% sequentially. Revenue of $1,513 million for the full year, up 18% year-over-year. Net loss of $12 million for the fourth quarter as compared to net

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Source: SEC EDGAR

accession 0001437749-24-004937

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