secwatch.observer — SEC 8-K summary
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Issuer:     EXPRO GROUP HOLDINGS N.V. (XPRO)
CIK:        0001575828
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001437749-24-013232
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Expro corrects Q2 guidance: revenue growth cut to ~3% YoY from ~20%
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- Q1 revenue $383M, down 6% sequentially; net loss $3M vs $12M loss in Q4 2023.
- Adjusted EBITDA $67M (margin 18%), down 20% sequentially but up 61% YoY.
- Full-year 2024 guidance reaffirmed: revenue $1.6-1.7B, adj. EBITDA $325-375M.
- Corrected Q2 guidance: rev growth ~3% YoY, 7% sequential; adj. EBITDA margin 20-21%.
- Original Q2 release erroneously stated ~20% YoY growth; correction reduces expectations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575828/000143774924013232/0001437749-24-013232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575828/000143774924013232/fi20240425_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-013232

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