Solid Financial Performance
Q3 2024 revenue of $423 million and adjusted EBITDA of $85 million, both within guidance ranges. Revenue was up $53 million or 14% compared to Q3 2023.
Recognition for Innovation
Expro received two industry awards: Winner of the 2024 Special Meritorious Awards for Engineering Innovation in the digital oilfield category and finalist in three categories in the Gulf Energy Excellence Awards.
Strong Market Position and Opportunities
Despite near-term challenges, Expro is positioned for a multiyear upcycle in international and offshore markets with a healthy backlog of approximately $2.3 billion.
Successful Integration and Expansion
Integration efforts for Coretrax and PRT are underway, expanding functional support and capturing new contract awards worth approximately $354 million.