Company Performance - Expro Group Holdings reported quarterly earnings of $0.23 per share, matching the Zacks Consensus Estimate, and showing an improvement from a loss of $0.06 per share a year ago [1] - The company achieved revenues of $422.83 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 0.32% and up from $369.82 million in the same quarter last year [1] - Over the last four quarters, Expro Group Holdings has surpassed consensus revenue estimates four times, but has only exceeded consensus EPS estimates once [1] Future Outlook - The stock's immediate price movement will largely depend on management's commentary during the earnings call and the sustainability of earnings expectations [2] - Current consensus EPS estimate for the upcoming quarter is $0.35 on revenues of $449.1 million, while the estimate for the current fiscal year is $0.98 on revenues of $1.72 billion [4] - The estimate revisions trend for Expro Group Holdings is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [4] Industry Context - The Oil and Gas - Production and Pipelines industry is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable environment for companies within this sector [5] - Another company in the same industry, Enbridge, is expected to report quarterly earnings of $0.39 per share, reflecting a year-over-year decline of 15.2%, with revenues anticipated to be $4.54 billion, down 38.2% from the previous year [5]

Revenue Performance - Revenue for Q3 2024 was $423 million, down 10% sequentially and up 14% year-over-year[4]. - Total revenue for Q3 2024 was $422.828 million, a decrease of 10% from $469.642 million in Q2 2024 and an increase of 14.3% from $369.818 million in Q3 2023[34]. - Total revenue for the three months ended September 30, 2024, was $422,828,000, an increase of 14.3% compared to $369,818,000 in Q3 2023[47]. Net Income and Profitability - Net income for Q3 2024 was $16 million, with a net income margin of 4%, compared to 3% in Q2 2024[5]. - Net income for Q3 2024 was $16.275 million, up from $15.286 million in Q2 2024 and a loss of $13.886 million in Q3 2023[34]. - The company reported a net income margin of 4% for Q3 2024, compared to a net loss margin of (4%) in Q3 2023[47]. - The diluted earnings per share for Q3 2024 was $0.14, compared to a loss of $(0.13) in Q3 2023[49]. Adjusted EBITDA - Adjusted EBITDA for Q3 2024 was $85 million, down 10% sequentially but up 69% year-over-year, with an adjusted EBITDA margin of 20%[6]. - Adjusted EBITDA for Q3 2024 was $85,036,000, representing a margin of 20%, consistent with Q2 2024[47]. - Adjusted EBITDA for the nine months ended September 30, 2024, was $247,046,000, compared to $163,734,000 for the same period in 2023[47]. Guidance and Future Expectations - Full-year 2024 revenue guidance is refined to a range of $1.72 billion to $1.75 billion, with adjusted EBITDA guidance of $335 million to $350 million[8]. - Q4 2024 revenue is expected to be between $440 million and $470 million, implying sequential growth of 8% and year-on-year growth of 12%[8]. Operational Metrics - Operating income for Q3 2024 was $26.117 million, compared to $27.697 million in Q2 2024 and a loss of $1.572 million in Q3 2023[34]. - Total operating costs and expenses for Q3 2024 were $396.711 million, down from $441.945 million in Q2 2024 and up from $371.390 million in Q3 2023[34]. - The company incurred merger and integration expenses of $1.437 million in Q3 2024, significantly lower than $8.789 million in Q2 2024[34]. Segment Performance - The NLA segment revenue decreased by 11% to $139 million in Q3 2024, while the MENA segment revenue increased by 7% to $87 million[15][19]. - Segment revenue for NLA was $139,397 thousand in Q3 2024, accounting for 33% of total revenue, compared to $105,252 thousand and 28% in Q3 2023[37]. - Well management revenue for the three months ended September 30, 2024, was $263,560 thousand, accounting for 62% of total revenue, compared to 69% in the same period of 2023[41]. Cash and Liquidity - Consolidated cash and cash equivalents as of September 30, 2024, totaled $167 million, with total liquidity of $303 million[22]. - Cash and cash equivalents at the end of the period were $166,985 thousand, compared to $257,011 thousand at the end of Q3 2023, a decrease of 35%[36]. - Operating cash flow provided $72,078 thousand in Q3 2024, compared to $105,528 thousand in Q3 2023, indicating a decrease of 31.7%[36]. Assets and Liabilities - Total assets increased to $2,343,620 thousand as of September 30, 2024, up from $2,013,007 thousand at December 31, 2023, representing a growth of 16.3%[35]. - Total liabilities rose to $860,291 thousand as of September 30, 2024, up from $717,134 thousand at December 31, 2023, an increase of 19.9%[35]. - The company reported an increase in accounts receivable to $532,469 thousand as of September 30, 2024, compared to $469,119 thousand at December 31, 2023, a rise of 13.5%[35]. Employee and Operational Commitment - The company has over 8,500 employees and operates in approximately 60 countries, providing services across the entire well life cycle[28]. - The company emphasizes its commitment to best-in-class safety and service quality in its operations[28]. - Future growth strategies include leveraging the benefits of the Coretrax acquisition and achieving anticipated synergies[29].

Group 1 - The analyst has over 14 years of experience in stock analysis, focusing on both long and short positions in an unbiased manner [1] - The primary focus of the analyst's coverage is on the energy sector, particularly the oilfield equipment services sector, for the past 7 years [1] - The analyst also covers the Industrial Supply industry and occasionally collaborates with other contributors [1] Group 2 - There are no disclosed stock, option, or derivative positions in any of the companies mentioned, nor plans to initiate such positions in the next 72 hours [2] - The article expresses the analyst's own opinions and is not compensated beyond contributions to Seeking Alpha [2] - There is no business relationship with any company whose stock is mentioned in the article [2]

Core Insights - Expro Group Holdings is projected to earn $1.02 per share for the fiscal year ending December 2024, reflecting a significant year-over-year increase of 436.8% [1] - Analysts have raised their earnings estimates for Expro Group Holdings, with the Zacks Consensus Estimate increasing by 3.7% over the past three months [1] Earnings Estimate Revisions - The upgrade of Expro Group Holdings to a Zacks Rank 1 indicates it is in the top 5% of Zacks-covered stocks based on estimate revisions, suggesting potential upward movement in its stock price [4][5] - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are a key driver of stock price movements [10][14] Investment Implications - The recent upgrade to a Zacks Rank 1 (Strong Buy) for Expro Group Holdings is attributed to an upward trend in earnings estimates, which is a powerful factor influencing stock prices [5][11] - Rising earnings estimates signal an improvement in the company's underlying business, which could lead to increased buying pressure and a higher stock price [12][11] Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [13] - The correlation between earnings estimate revisions and near-term stock movements is strong, making the Zacks Rank system a valuable tool for investors [15]

Expro Group Holdings N.V. (NYSE:XPRO) Q2 2024 Earnings Call July 25, 2024 11:00 AM ET Company Participants Chad Stephenson - Director, Investor Relations Mike Jardon - Chief Executive Officer Quinn Fanning - Chief Financial Officer Conference Call Participants Luke Lemoine - Piper Sandler Neil Mehta - Goldman Sachs Arun Jayaram - JPMorgan Eddie Kim - Barclays Steve Ferazani - Sidoti Colby Sasso - Daniel Energy Partners Operator Hello and welcome to the Expro Q2 2024 Earnings Presentation. My name is Elliot ...

During the six months ended June 30, 2024, 1,190,222 RSUs and 308,412 PRSUs were granted to employees and directors at a weighted average grant date fair value of $19.73 per RSU and $26.00 per PRSU. Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | --- | --- | |---------------------------------------------------------------|-----------------------| | The Netherlands | 98-1107145 | | (State or other jurisdiction of | (IRS Employer | | incorporation or organization) | ...

Expro Group Holdings (XPRO) came out with quarterly earnings of $0.27 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this oil and gas pipe provider would post earnings of $0.12 per share when it actually produced earnings of $0.09, delivering a surprise of -25%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Expro G ...

Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE EXPRO GROUP HOLDINGS N.V. ANNOUNCES SECOND QUARTER 2024 RESULTS and UPDATES FULL-YEAR GUIDANCE Revenue of $470 million, up 22% sequentially and up 18% year-over-year. Net income of $15 million, as compared to net loss of $3 million for the first quarter of 2024 and net income of $9 million for the second quarter of 2023. Net income margin was 3% for the second quarter of 2024, compared to (1)% for the first quarter of 2024. Adjusted EBITDA1 of $95 million, up ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission file number: 001-36053 EXPRO GROUP HOLDINGS N.V. (Exact name of registrant as specified in its charter) Registra ...

Expro Group Holdings N.V. (NYSE:XPRO) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Chad Stephenson - Director Investor Relations Mike Jardon - Chief Executive Officer Quinn Fanning - Chief Financial Officer Conference Call Participants Luke Lemoine - Piper Sandler Ati Modak - Goldman Sachs Arun Jayaram - JPMorgan Steve Ferazani - Sidoti Josh Jayne - Daniel Energy Partners Operator Good morning, ladies and gentlemen. Welcome to the Expro Q1 2024 Earnings Presentation. My n ...