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Expro(XPRO) - 2022 Q2 - Quarterly Report
2022-08-04 20:21
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 June 30, 2022 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) The Nethe ...
Expro(XPRO) - 2022 Q1 - Earnings Call Presentation
2022-05-09 13:54
Q1 | 2022 NYSE: XPRO Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this presentation that address activities, events or developments that Expro Group Holdings N.V. (the "Company") expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the gene ...
Expro(XPRO) - 2022 Q1 - Earnings Call Transcript
2022-05-07 23:53
Expro Group Holdings N.V. (NYSE:XPRO) Q1 2022 Results Conference Call May 5, 2022 11:00 AM ET Company Participants Karen David-Green - Chief Communication, Stakeholder & Sustainability Officer Mike Jardon - Chief Executive Officer Quinn Fanning - Chief Financial Officer Conference Call Participants Taylor Zurcher - Tudor, Pickering, Holt & Co Operator Hello, everybody, and a warm welcome to today's Expro Q1 2022 Conference Call. My name is Melissa, and I'll be your operator. [Operator Instructions] I now ha ...
Expro(XPRO) - 2022 Q1 - Quarterly Report
2022-05-05 20:16
Financial Performance - The company reported a sequential analysis of financial results, comparing the most recently completed quarter to the immediately preceding quarter to provide relevant insights into business performance [107]. - Revenue for the three months ended March 31, 2022 decreased by $15.2 million, or 5.1%, to $280.5 million compared to $295.7 million for the three months ended December 31, 2021 [136]. - The net loss for the three months ended March 31, 2022 was $11.1 million, a significant improvement from a net loss of $91.2 million for the three months ended December 31, 2021 [136]. - Adjusted EBITDA for the three months ended March 31, 2022 decreased by $13.7 million, or 27.1%, to $36.8 million from $50.6 million for the three months ended December 31, 2021 [136]. - Adjusted EBITDA margin decreased to 13.1% during the three months ended March 31, 2022, compared to 17.1% during the three months ended December 31, 2021 [136]. - Adjusted Cash Flow from Operations for the three months ended March 31, 2022 was $(1.4) million, compared to $41.1 million for the three months ended December 31, 2021 [138]. Segment Performance - NLA segment revenue was $103.9 million for the three months ended March 31, 2022, an increase of $3.5 million, or 3.5%, compared to the previous quarter [140]. - ESSA segment revenue decreased by $12.3 million, or 13.0%, to $82.1 million for the three months ended March 31, 2022, primarily due to lower customer activity levels [142]. - MENA segment revenue increased by $1.2 million, or 2.5%, to $50.7 million for the three months ended March 31, 2022, driven by equipment sales in the UAE and Saudi Arabia [144]. - APAC segment revenue decreased by $7.7 million, or 14.9%, to $43.8 million for the three months ended March 31, 2022, due to lower customer activities and non-recurring equipment sales [146]. - Revenue for the NLA segment was $103.9 million for the three months ended March 31, 2022, an increase of $73.5 million, or 242.1%, compared to the same period in 2021, primarily due to the Merger [153]. - Segment EBITDA for the NLA segment was $21.8 million, or 21.0% of revenues, during the three months ended March 31, 2022, compared to $2.4 million, or 8.0% of revenues, during the same period in 2021, an increase of $19.4 million [154]. - Revenue for the ESSA segment was $82.1 million for the three months ended March 31, 2022, an increase of $28.5 million, or 53.0%, compared to the same period in 2021, with $24.2 million attributable to the Merger [155]. - Segment EBITDA for the ESSA segment was $11.9 million, or 14.5% of revenues, during the three months ended March 31, 2022, compared to $5.4 million, or 10.0% of revenues, during the same period in 2021, an increase of $6.5 million [156]. - Revenue for the MENA segment was $50.7 million for the three months ended March 31, 2022, an increase of $9.5 million, or 23.2%, compared to the same period in 2021, with $6.3 million attributable to the Merger [158]. - Segment EBITDA for the MENA segment was $15.5 million, or 30.5% of revenues, during the three months ended March 31, 2022, compared to $15.1 million, or 36.6% of revenues, during the same period in 2021 [159]. - Revenue for the APAC segment was $43.8 million for the three months ended March 31, 2022, an increase of $12.7 million, or 40.7%, compared to the same period in 2021, with $7.3 million attributable to the Merger [160]. - Segment EBITDA for the APAC segment was $5.4 million, or 12.4% of revenues, during the three months ended March 31, 2022, compared to $5.2 million, or 16.6% of revenues, during the same period in 2021 [161]. Market and Economic Outlook - Oil demand is forecasted to exceed 2021 levels, with an estimated increase of 2.4 million barrels per day in 2022, reaching 99.8 million b/d, and further rising to 101.7 million b/d in 2023 [121]. - The EIA projects Brent crude oil prices to average $104 per barrel in 2022 and $92 per barrel in 2023, compared to an average of $71 per barrel in 2021 [121]. - The market for oilfield services is heavily influenced by oil and gas prices, which affect customer spending on exploration and production activities [119]. - The company faces uncertainty regarding global crude oil demand and prices, which may lead to significant reductions in oil and gas activity, impacting demand for its products and services [180]. - Ongoing restrictions due to COVID-19 may affect commercial and economic activities, creating uncertainty about the timing and extent of economic recovery in the United States and globally [180]. Strategic Initiatives - The company expects demand for its services to trend positively throughout 2022, particularly in brownfield and production enhancement services [124]. - The clean energy transition is gaining momentum, with the company actively developing technologies in carbon capture and geothermal sectors [124]. - The company is committed to developing local capabilities and personnel to reduce dependence on international staff, enhancing operational resilience during the pandemic [124]. - There is a focus on the ability to develop new technologies and products, which is critical for future growth [180]. - The company emphasizes the importance of protecting intellectual property rights and attracting qualified personnel [180]. - The transition of the global energy sector from fossil fuels to renewable energy sources is a significant factor influencing future strategies [180]. - Integration and realization of expected synergies following the completion of the merger remain uncertain [180]. Risks and Challenges - The company is exposed to unique risks associated with offshore operations and political, economic, and regulatory uncertainties in international markets [180]. - Severe weather conditions, natural disasters, and operational interruptions pose risks to the company's operations [180]. - Market risk exposure has not changed materially since December 31, 2021, indicating stability in this area [181].
Expro(XPRO) - 2021 Q4 - Annual Report
2022-03-08 22:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2021 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) | The Netherl ...
Expro(XPRO) - 2021 Q4 - Earnings Call Transcript
2022-03-03 21:42
Expro Group Holdings N.V. (NYSE:XPRO) Q4 2021 Earnings Conference Call March 3, 2022 11:00 AM ET Company Participants Karen David-Green - Chief Communication, Stakeholder & Sustainability Officer Mike Jardon - Chief Executive Officer Quinn Fanning - Chief Financial Officer Conference Call Participants Taylor Zurcher - Tudor Pickering Holt James West - Evercore ISI Operator Hello, and welcome to today’s Expro Fourth Quarter Earnings 2021 Conference Call. My name is Elliot, and I’ll be coordinating your call ...
Expro(XPRO) - 2021 Q4 - Earnings Call Presentation
2022-03-03 17:39
Q4 | 2021 NYSE: XPRO Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this presentation that address activities, events or developments that Expro Group Holdings N.V. (the "Company") expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the gene ...
Expro(XPRO) - 2021 Q3 - Earnings Call Transcript
2021-11-08 21:44
Expro Group Holdings N.V. (NYSE:XPRO) Q3 2021 Earnings Conference Call November 8, 2021 11:00 AM ET Company Participants Karen David-Green - Chief Communication, Stakeholder and Sustainability Officer Michael Jardon - President, CEO & Director Quinn Fanning - CFO Conference Call Participants Taylor Zurcher - Tudor Pickering Holt James West - Evercore ISI David Anderson - Barclays Operator Hello, and welcome to the Expro Third Quarterly Earnings Conference Call. My name is Elliot, and I will be coordinating ...
Expro(XPRO) - 2021 Q3 - Quarterly Report
2021-11-08 21:31
Table of Contents ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2021 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. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) (Exact name of registrant as specified in its charter) The ...
Expro(XPRO) - 2021 Q3 - Earnings Call Presentation
2021-11-08 15:19
Q3 | 2021 NYSE: XPRO Karen David-Green Chief Communications, Stakeholder & Sustainability Officer Karen.David-Green@expro.com U.S. Headquarters 1311 Broadfield Blvd., Suite 400 Houston, Texas 77084 www.expro.com Downloadable Financials: Investors.Expro.com Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in ...