Expro Q2 2024 revenue $470M, net income $15M; FY 2024 guidance raised

EXPRO GROUP HOLDINGS N.V.

2024-Q2 EPS reported $0.11 revenue$853,131,000

Revenue $470M (+22% QoQ, +18% YoY); net income $15M vs loss $3M in Q1 2024; adjusted EPS $0.27.
Adjusted EBITDA $95M (margin 20%, +40% sequentially); FY 2024 revenue guidance raised to $1.70-$1.75B, Adj. EBITDA $350-$375M.
Coretrax acquisition contributed $21M revenue; incremental $90M credit facility drawn $76M for acquisition.
All segments grew; NLA revenue $157M (+20% QoQ), ESSA $168M (+38% QoQ).
Cash $135M, total liquidity $271M; Q2 capex $36M; long-term debt $121M.

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