Financial Performance - Q1 2025 revenue reached $391 million, and Adjusted EBITDA was $76 million, representing 20% of revenue[12, 14] - Full-year 2025 revenue is expected to be over $1,700 million, with Adjusted EBITDA exceeding $350 million[50] - Q2 2025 revenue is projected to be between $400 million and $410 million, a sequential increase of approximately 4% from Q1[51] - Q2 2025 Adjusted EBITDA is expected to range from $80 million to $90 million, with an Adjusted EBITDA margin increase of +100 basis points sequentially[52] Regional Performance (Q1 2025) - North & Latin America (NLA) revenue was $134 million[16] - Europe & Sub-Saharan Africa (ESSA) revenue was $112 million[16] - Middle East & North Africa (MENA) revenue was $94 million[16] - Asia Pacific (APAC) revenue was $51 million[16] Business Strategy and Operations - The company has a robust backlog of $22 billion[13] - The company is implementing the Drive25 cost optimization program, with over 50% of cost improvement initiatives completed[12] - The company is targeting over $30 million in run-rate savings through Drive25, with approximately 50% expected to be reflected in 2025 financial results[57, 64]
Expro(XPRO) - 2025 Q1 - Earnings Call Presentation