Expro Group Holdings ( (XPRO) ) has shared an update.
Expro Group Holdings reported a strong financial performance for the fourth quarter and full year 2024, with a 13% increase in annual revenue to $1,713 million and a 40% rise in adjusted EBITDA to $347 million. The company achieved significant contract wins, including projects in the Gulf of Mexico and the Norwegian Continental Shelf, and resolved issues related to its Congo production solutions project, contributing to improved margins and positioning for future growth. Expro also extended its $100 million stock repurchase program and anticipates stable to modestly increasing revenues in 2025, with a focus on operational efficiency and margin expansion.
More about Expro Group Holdings
Expro Group Holdings N.V. operates in the energy sector, specializing in well flow management, subsea well access, and well intervention and integrity services. The company focuses on providing innovative solutions to optimize production and reduce emissions for its clients, with a significant presence in regions such as Europe, Sub-Saharan Africa, the Middle East, North Africa, North America, and Latin America.
YTD Price Performance: 1.72%
Average Trading Volume: 1,155,208
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.53B
Learn more about XPRO stock on TipRanks’ Stock Analysis page.