NYSE$XPRO
Expro Group Holdings NV · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported solid results driven by commitment and innovation.
Expro Group Holdings N.V. reported revenue of $423 million, a 14% increase year-over-year, and a net income of $16 million for Q3 2024. The company is refining its full-year 2024 guidance to $1.72 to $1.75 billion in revenue and $335 to $350 million in Adjusted EBITDA.
- Revenue reached $423 million, reflecting a 14% year-over-year increase.
- Net income stood at $16 million, compared to a net loss of $14 million in Q3 2023.
- Adjusted EBITDA was $85 million, up 69% year-over-year, but includes $7 million in losses from the Congo production solutions project.
- The company captured $354 million of contract wins (excluding Coretrax and PRT Offshore).
Headline financials
Revenue & EPS history
Frank's International · Revenue · Quarterly
$423M
Forward guidance
Expro expects fourth quarter revenue to be between $440 million and $470 million, with Adjusted EBITDA between $90 million and $105 million.
Tailwinds
- Sequential and year-on-year revenue growth (at the mid-point of guidance) of 8% and 12%, respectively.
- Adjusted EBITDA expected to be in a range of $90 million to $105 million.
- Adjusted EBITDA margin of between 21% and 22%.
- Favorable resolution of several variation orders on our Congo production solutions project.
- Modest Q4 rebound in activity in NLA, and the expected start-up and completion of other projects.
Headwinds
- Commodity prices under pressure the last several months, customers are being more cautious with discretionary spending.
- Increased focus on lowering the cost-of-service delivery, and, in some cases, delaying the start-up of new projects.
- Impact is expected to be most pronounced on short-cycle activity.
- In 2025, we expect reduced activity and spending in North America and the U.S. onshore market, in particular.
- Operators’ more cautious recent approach likely resulting in a slow start to the new year, and activity then gaining momentum as we progress through 2025.
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 Q3 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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