NYSE$XPRO
Expro Group Holdings NV · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Expro Group Holdings N.V. reported solid financial results for the first quarter, with revenue surpassing expectations and Adjusted EBITDA consistent with guidance.
Expro Group Holdings N.V. announced first quarter 2024 results with revenue of $383 million, up 13% year-over-year. Net loss was $3 million, and Adjusted EBITDA was $67 million, up 61% year-over-year. The company reaffirmed its full-year 2024 guidance for revenue and Adjusted EBITDA.
- Revenue of $383 million, up 13% year-over-year.
- Net loss of $3 million, compared to a net loss of $6 million for the first quarter of 2023.
- Adjusted EBITDA of $67 million, up 61% year-over-year.
- Reaffirming full-year 2024 revenue guidance of $1.6 to $1.7 billion and Adjusted EBITDA guidance of $325 to $375 million.
Headline financials
Revenue & EPS history
Frank's International · Revenue · Quarterly
$383M
Forward guidance
Expro has reaffirmed its 2024 full year guidance.
Tailwinds
- Revenues of between $1,600 million and $1,700 million.
- Adjusted EBITDA between $325 million and $375 million.
- Adjusted EBITDA margin between 20% and 22%.
- Second quarter revenue is expected to reflect approximately 20% year-on-year growth and sequential growth of 8%.
- Adjusted EBITDA Margin in an expected range of 20% to 21%.
Headwinds
- Full-year guidance assumes our proposed acquisition of Coretrax will be completed at the beginning of the third quarter.
- Expect reduced activity in the US land market for the next several quarters.
- Lower revenue and a less favorable activity mix, primarily in NLA and ESSA segments.
- A decrease in Segment EBITDA and Segment EBITDA margin was attributable to lower activity and activity mix during the three months ended March 31, 2024 in NLA.
- The decrease in Segment EBITDA and Segment EBITDA margin was attributable to a combination of lower activity, activity mix and reduced margin recognized on our pre-treatment facility project in Congo during the three months ended March 31, 2024 in ESSA.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.4%
Avg return
Earnings day
-1.9%
Avg return
5 days after
-2.3%
Avg return
30 days after
57%
21 / 37 earnings
Positive
+17.0%
Q4 2020
Best reaction
-17.4%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.2% | -14.8% | -8.1% | |
| Q4 2025 | +6.1% | +5.9% | -0.6% | |
| Q3 2025 | +0.1% | +2.7% | +2.1% | |
| Q1 2025 | +2.9% | -0.7% | +3.5% | |
| Q4 2024 | -0.4% | -8.7% | -19.0% | |
| Q3 2024 | -8.8% | -13.7% | -10.1% | |
| Q2 2024 | +1.1% | -5.8% | -13.2% | |
| Q1 2024 | +3.8% | -2.4% | +12.7% | |
| Q4 2023 | +0.5% | -3.7% | +1.3% | |
| Q3 2023 | -17.4% | -21.8% | -21.5% | |
| Q2 2023 | -5.5% | -3.7% | -0.4% | |
| Q1 2023 | -5.2% | -1.7% | +0.9% | |
| Q4 2022 | +4.1% | +15.1% | -10.3% | |
| Q3 2022 | +2.2% | +3.7% | +1.8% | |
| Q2 2022 | -3.1% | +9.5% | +17.9% | |
| Q1 2022 | -8.5% | -21.8% | -7.8% | |
| Q4 2021 | -1.6% | +8.5% | +11.0% | |
| Q3 2021 | +2.4% | +1.3% | -22.7% | |
| Q2 2021 | +4.5% | +6.4% | +13.2% | |
| Q1 2021 | +1.4% | +6.6% | -7.1% | |
| Q4 2020 | +17.0% | +30.5% | +2.9% | |
| Q3 2020 | +2.7% | -8.2% | +45.1% | |
| Q2 2020 | +0.8% | +12.6% | +0.8% | |
| Q1 2020 | +7.0% | -8.9% | +32.2% | |
| Q3 2019 | +0.4% | +2.4% | -8.1% | |
| Q2 2019 | +0.8% | -6.0% | -13.0% | |
| Q1 2019 | -6.6% | -0.5% | -0.7% | |
| Q3 2018 | +5.5% | +7.2% | -9.8% | |
| Q2 2018 | +2.6% | -1.5% | -5.6% | |
| Q1 2018 | -2.3% | -0.8% | +0.9% | |
| Q4 2017 | -1.9% | -16.8% | -13.9% | |
| Q3 2017 | +5.9% | +3.3% | -2.4% | |
| Q2 2017 | -8.9% | -10.5% | -17.0% | |
| Q1 2017 | +2.1% | -2.9% | -12.1% | |
| Q4 2016 | -0.9% | -2.3% | -19.9% | |
| Q3 2016 | -1.1% | -5.7% | +11.7% | |
| Q2 2016 | -16.4% | -21.4% | -20.0% | |
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| Q4 2011 | — | — | — | |
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| Q4 2012 | — | — | — |
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