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Expro Group Holdings (XPRO)
NYSE:XPRO
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.12Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -22.43%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance and growth driven by strategic acquisitions and operational initiatives like Drive 25. However, challenges such as lower Q1 2025 projections and regional market difficulties were noted. Overall, the sentiment of the call is positive due to the outweighing highlights.Company Guidance
In the Expro Group Holdings N.V. 2024 Q4 earnings call, the company reported robust financial performance, with Q4 revenue of $437 million and an adjusted EBITDA of $100 million, representing 23% of revenue. Compared to the same quarter in the previous year, revenue increased by $30 million, primarily due to heightened activity in the Subsea Well Access business and well flow management services in regions like Angola, Algeria, Iraq, and Saudi Arabia. The full-year revenue for 2024 reached $1.7 billion, a 13% increase year over year, with an adjusted EBITDA of $347 million, marking a 40% rise. The company highlighted a healthy backlog of approximately $2.3 billion and outlined a positive multiyear outlook supported by increased project sanctioning in offshore markets, particularly expecting growth in regions such as Brazil, Argentina, and onshore Saudi Arabia. For 2025, Expro anticipates stable to modest revenue growth, forecasting revenues between $1.7 billion and $1.75 billion, with adjusted EBITDA expected to rise by more than 100 basis points, aiming for a range of $350 to $370 million. The company's strategic focus includes operational efficiencies, notably through its Drive 25 campaign, which targets a 7% to 8% reduction in run-rate support costs, alongside continued investment in high-return projects and technology-enabled service expansions.Record Financial Performance
Q4 2024 revenue of $437 million and adjusted EBITDA of $100 million, marking the best financial performance since the Expro Franks merger in 2021.
Significant Year-over-Year Growth
Full-year 2024 revenue of $1.7 billion, up 13% from the previous year, with adjusted EBITDA up 40% year-over-year.
CoreTrax Acquisition Impact
CoreTrax acquisition contributed to growth in the Middle East North Africa regions and positioned Expro as the only service company capable of delivering a full suite of remediation solutions.
Strong Contract Awards
Secured $314 million in new contracts, including $50 million for Argentina, $35 million in Norway, and $25 million in the UK.
Drive 25 Initiative
A campaign to reduce support costs by 7%-8%, with expected cost savings of $25 million by Q4 2025.
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XPRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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XPRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $13.02 | $12.97 | -0.38% |
| Oct 24, 2024 | $15.35 | $14.00 | -8.79% |
| Jul 25, 2024 | $23.57 | $23.84 | +1.15% |
| Apr 25, 2024 | $19.22 | $19.95 | +3.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Expro Group Holdings (XPRO) report earnings?
Expro Group Holdings (XPRO) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Expro Group Holdings (XPRO) earnings time?
Expro Group Holdings (XPRO) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is XPRO EPS forecast?
XPRO EPS forecast for the fiscal quarter 2025 (Q1) is 0.12.
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