Expro announces $215M acquisition of Enhanced Drilling, Q1 revenue $368M, reaffirms FY guidance

EXPRO GROUP HOLDINGS N.V.

2026-Q1 EPS reported -$0.01 revenue$367,573,000

Acquires Enhanced Drilling for ~2B NOK ($215M) cash, adding MPD technology and $275M backlog; close expected Q3 2026.
Q1 revenue $368M, net loss $1M, Adjusted EBITDA $63M (17.1% margin); repurchased $20M shares.
FY2026 guidance reaffirmed: revenue $1.6-1.65B, Adj. EBITDA $355-375M, adj. FCF $125-145M (excl. acquisition).
Middle East disruptions may impact Q2 revenue by ~$10-15M; no change to full-year outlook.
Redomicile from Netherlands to Cayman Islands to be voted on June 10, 2026, expected to close July 2026.

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