NYSE$XPRO

Expro Group Holdings NV · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported a strong quarter with excellent operational performance and robust financial results.

Expro Group Holdings N.V. announced strong Q2 2023 results with revenue of $397 million, up 17% sequentially and 27% year-over-year. Net income was $9 million, a sequential increase from a net loss of $6 million and a year-over-year increase from a net loss of $4 million. The company reaffirms its positive business outlook and full-year guidance.

  • Revenue of $397 million, up 17% sequentially and up 27% year-over-year.
  • Net income of $9 million, up sequentially from net loss of $6 million and up year-over-year from net loss of $4 million.
  • Adjusted EBITDA of $72 million, up 71% sequentially and up 40% year-over-year.
  • Reaffirms positive business outlook and full-year guidance range for revenue of $1,450 million to $1,550 million, Adjusted EBITDA of $275 million to $325 million, and Adjusted EBITDA margin of 19% to 21%.

Headline financials

Total Revenue

$397M

Previous: $314M+26.6%
EPS (adj)

$0.17

Previous: $0.02+750.0%
Adjusted EBITDA

$72M

No prior period
Adjusted EBITDA margin

18.0%

Previous: 16.0%+12.5%
Capital expenditures

$29M

No prior period
Free Cash Flow

-$48.7M

Previous: -$35.9M-35.7%
Net Income

$9.3M

Previous: -$4.35M+313.7%
Operating Income

$20.5M

Previous: $861K+2281.9%
Gross Profit

-$320M

Previous: -$256M-25.0%
Cash & Equivalents

$179M

Previous: $175M+2.2%
Total Assets

$1.93B

Previous: $1.82B+6.0%
Stock-Based Comp

$5.58M

No prior period

Revenue & EPS history

Frank's International · Revenue · Quarterly

$397M

Q2 2023+26.6%vs Q2 2022
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

Expro reaffirms its full-year guidance range for revenue of $1,450 million to $1,550 million, Adjusted EBITDA of $275 million to $325 million, and Adjusted EBITDA margin of 19% to 21%.

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 2023

Historical avgQ2 2023

-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

Earnings price reactions
QuarterReport dateReaction (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%
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2013
Q1 2014
Q4 2013
Q4 2011
Q1 2012
Q2 2013
Q3 2012
Q3 2013
Q2 2012
Q4 2012

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