secwatch.observer — SEC 8-K summary
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Issuer:     EXPRO GROUP HOLDINGS N.V. (XPRO)
CIK:        0001575828
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001437749-24-004937
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575828/000143774924004937/0001437749-24-004937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575828/000143774924004937/fi20230428_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-004937

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