Highest-materiality recent filing
Expro announces $215M acquisition of Enhanced Drilling, Q1 revenue $368M, reaffirms FY guidance
Acquires Enhanced Drilling for ~2B NOK ($215M) cash, adding MPD technology and $275M backlog; close expected Q3 2026.
Expro Q4 revenue $382M, net income $6M; 2026 Adj EBITDA guidance $355-$375M
Q4 2025 revenue $382M, net income $6M, net income margin 2%.
Expro Q3 adj. EBITDA $94M (22.8% margin); raises FY adj. EBITDA, FCF guidance
Revenue $411M, net income $14M; adjusted EBITDA $94M (22.8% margin).
Expro Q2 revenue $423M beats guidance; adjusted EBITDA margin 22% record high
Revenue $423M (above $410M guidance); net income $18M; net income margin 4%.
Expro appoints new CFO Sergio Maiworm effective June 30, 2025; CFO Fanning departs
Sergio Maiworm appointed CFO effective June 30, 2025; succeeds Quinn Fanning who leaves July 1, 2025.
Expro Q1 revenue $391M, Adj EBITDA $76M (best Q1 since merger); guides Q2 rev $400-410M
Q1 2025 revenue $391M (-11% sequentially); net income $14M ($0.13 diluted EPS); adjusted net income $29M ($0.25).
Expro Q4 revenue $437M (+7% YoY), Adj EBITDA $100M (23% margin); FY net income $52M vs loss in 2023
Q4 revenue $437M (+3% QoQ, +7% YoY); full-year revenue $1,713M (+13% YoY).
Expro Q3 revenue $423M (-10% seq, +14% YoY); net income $16M; guides FY rev $1.72-1.75B
Revenue $423M, down 10% sequentially from $470M, up 14% YoY.
Expro Q2 2024 revenue $470M, net income $15M; FY 2024 guidance raised
Revenue $470M (+22% QoQ, +18% YoY); net income $15M vs loss $3M in Q1 2024; adjusted EPS $0.27.
Expro completes acquisition of Coretrax for $75M cash + 6.75M shares; expands credit facility
Acquired Coretrax for $75M cash and 6.75M newly issued Expro common shares; effective May 1, 2024.
Expro Q1 revenue $383M, net loss $3M; reaffirms FY2024 guidance
Revenue $383M, down 6% sequentially, up 13% YoY; net loss $3M ($0.02/share) vs Q4 loss $12M.
Expro corrects Q2 guidance: revenue growth cut to ~3% YoY from ~20%
Q1 revenue $383M, down 6% sequentially; net loss $3M vs $12M loss in Q4 2023.
Expro Q4 revenue $407M, Adj EBITDA $85M; guides 2024 rev $1.6-1.7B, Adj EBITDA $325-375M
Q4 revenue $407M (+10% seq, +18% YoY full year), net loss $12M ($0.11/diluted); adjusted net income $7M ($0.06).
Expro to acquire Coretrax for ~$210M, enhancing well construction and intervention capabilities
Total consideration ~$210M: at least $75M cash, up to 6.75M Expro shares; ~4.7x 2024E Adj. EBITDA.
Expro Q3 net loss $14M, revenue down 7% QoQ; LWI incident costs $15M; $100M buyback authorized
Revenue $370M (-7% QoQ, +11% YoY); net loss $14M (diluted EPS -$0.10) vs net income $9M in Q2.
Expro amends credit facility; commitments increased to $250M, maturity extended 36 months
Total commitments raised to $250M; can be increased to $350M; maturity extended by 36 months.
Expro Q2 revenue $397M, net income $9M vs loss; Adj EBITDA $72M; reaffirms 2023 guidance
Revenue $397M (+17% QoQ, +27% YoY); net income $9M vs Q1 net loss $6M.
Expro Q1 net loss of $6M; revenue $339M (-3% QoQ); reaffirms FY guidance
Revenue $339M (-3% QoQ, +21% YoY); net loss $6M ($0.06 diluted loss per share).
Expro resolves FCPA investigation; pays $7.99M to SEC
DOJ issued declination; SEC issued cease-and-desist order; company neither admitted nor denied findings.
Expro Q4 revenue $351M (+5% seq), adj. EBITDA $70M (+46%); guides 2023 rev $1.45-1.55B
Q4 revenue $351M (+5% seq); net income $13M ($0.12 diluted) vs net loss $18M in Q3.
Expro Q3 2022 revenue $334M (+7% QoQ); net loss $18M on start-up costs and FX
Revenue $334M (+7% QoQ); net loss $18M ($0.16) vs $4M loss ($0.04) prior quarter.
Expro Q2 revenue $314M, up 12% QoQ; net loss narrows to $4M; launches $50M buyback
Revenue $314M (+12% QoQ); net loss $(4)M vs $(11)M Q1; adjusted net income $3M.
Expro Q1 revenue $280M, net loss $0.10/sh; Adj. EBITDA $37M
Revenue $280M, down 5% sequentially from Q4 2021's $296M.
Expro Q4 revenue $296M (+50% QoQ); Adj EBITDA $51M; guides H2 2022 margins ~20%
Revenue $296M (+50% QoQ), net loss $91M ($0.84/sh), adj net loss $4M ($0.03/sh).
Legacy Expro revenue $197.5M (+12% QoQ), Adjusted EBITDA $30.9M (+18% QoQ).
Expro-Frank's International merger completed; combined co. to trade as XPRO on Oct 4
Merger closed Oct 1, 2021; Expro shareholders get 1.2120 shares of combined co. per share, with 1:6 reverse stock split.
Frank's Intl shareholders approve Expro merger; reverse split 1-for-6; closing Oct 1
All 17 proposals approved at annual meeting; Expro merger received >90% shareholder support.
Frank's International Q2 2021 revenue $107.8M, net loss narrows to $12.6M, EBITDA up 85%
Revenue $107.8M (+14% QoQ, +25% YoY); net loss $12.6M vs $23.9M prior Q.
On June 12, 2025, Expro Group Holdings N.V. (the “Company”) announced the appointment by the board of directors (the “Board”) of Sergio Maiworm to serve as Chief Financial Officer, succeeding Quinn Fanning, effective June 30, 2025 (the “Effective Date”).
Mr. Fanning will remain employed with the Company through a period ending July 1, 2025 (the “Separation Date”).
Michael Kearney departed as President and Chief Executive Officer of the Company
the Board appointed Michael Jardon as President and Chief Executive Officer of the Company
Michael E. McMahon, Kirkland D. Mosing, Melanie M. Trent, Alexander Vriesendorp, Erich L. Mosing, and L. Don Miller departed as directors of the Company’s Supervisory Board of Directors
Steven Russell departed as Senior Vice President of Operations of the Company
L. Don Miller ... departed as directors of the Company’s Supervisory Board of Directors
John Symington departed as Senior Vice President, General Counsel, Secretary and Chief Compliance Officer of the Company
Steven Russell, Melissa Cougle and John Symington departed as directors of the Company’s Management Board of Directors
Melissa Cougle departed as Senior Vice President and Chief Financial Officer and principal accounting officer of the Company
John Symington ... departed as directors of the Company’s Management Board of Directors
Max materiality 0.90 · Median 0.65 · Most common event earnings