secwatch.observer — SEC 8-K summary
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Issuer:     EXPRO GROUP HOLDINGS N.V. (XPRO)
CIK:        0001575828
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001437749-24-023405
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575828/000143774924023405/0001437749-24-023405-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575828/000143774924023405/fi20240521_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023405

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