secwatch.observer — SEC 8-K summary
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Issuer:     EXPRO GROUP HOLDINGS N.V. (XPRO)
CIK:        0001575828
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001437749-25-013628
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Expro Q1 revenue $391M, Adj EBITDA $76M (best Q1 since merger); guides Q2 rev $400-410M
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- Q1 2025 revenue $391M (-11% sequentially); net income $14M ($0.13 diluted EPS); adjusted net income $29M ($0.25).
- Adjusted EBITDA $76M, margin 20% (vs. 18% in Q1 2024); highest first-quarter Adj EBITDA since 2021 merger.
- Q2 2025 guidance: revenue $400-410M, Adj EBITDA $80-90M.
- Notable: $272M in new contract awards; $50M TRS in Gulf of America, $35M Brazil, $15M Indonesia.
- Cash $180M, debt $121M, liquidity $316M; capex $33M in Q1, plan $90-100M for rest of 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575828/000143774925013628/0001437749-25-013628-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575828/000143774925013628/fi20250109_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-013628

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