NYSE$XPRO
Expro Group Holdings NV · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Expro delivered robust operational performance as breadth of portfolio, depth of expertise, global operating footprint and strong financial profile enabled growth.
Expro Group Holdings N.V. reported a revenue of $314 million for the second quarter of 2022, a 12% increase compared to the first quarter of 2022. The company reported a net loss of $4 million, or $0.04 per diluted share. Adjusted EBITDA was $51 million, a sequential increase of $14 million, or 39%.
- Revenue was $314 million, up 12% compared to the first quarter of 2022, driven by higher activity across NLA, ESSA and APAC segments.
- Net loss for the second quarter of 2022 was $4 million, or $0.04 per diluted share, compared to a net loss of $11 million, or $0.10 per diluted share, for the first quarter of 2022.
- Adjusted EBITDA was $51 million, a sequential increase of $14 million, or 39%, primarily driven by higher activity during the second quarter.
- The Company repurchased 1.1 million shares at an average price of $11.81 per share, for a total cost of $13.0 million under this $50.0 million program.
Headline financials
Revenue & EPS history
Frank's International · Revenue · Quarterly
$314M
Forward guidance
Expro is seeing increased demand for our services and solutions as the recovery that began within the U.S. onshore market has begun to gain traction in the offshore and international markets.
Tailwinds
- Increased focus on North Sea operations and optimizing production from existing assets.
- Strong signals indicate increases in drilling activity in NLA, MENA and APAC in the second half of 2022 and beyond.
- Pipeline of projects will support strong, multi-year growth for the energy services sector.
- Expro is uniquely positioned to serve our customers in the current market through our leading and differentiated technology portfolio and the depth of our expertise.
- Progress in bringing the legacy Frank’s and Expro’s businesses together to capture the full potential of our combined platform while achieving cost savings and expanding margins.
Headwinds
- Potential structural loss of Russian barrels.
- Need for cost-effective solutions to facilitate the energy transition.
- Heightened focus on energy security and diversification of supply.
- Multiple years of limited upstream investment.
- Need to replace produced reserves and increase capacity to meet projected demand growth.
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 Q2 2022
-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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