NYSE$XPRO
Expro Group Holdings NV · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Expro announced fourth quarter and full year results, with revenue up 7% year-over-year and adjusted EBITDA margin reaching 23%.
Expro reported a solid fourth quarter with revenue of $437 million, a 7% increase year-over-year. Adjusted EBITDA was $100 million with a margin of 23%. Net income was $23 million, or $0.19 per diluted share. The company also repurchased 1.2 million shares for $14 million and extended its stock repurchase program.
- Revenue increased 7% year-over-year to $437 million.
- Adjusted EBITDA reached $100 million, with a margin of 23%.
- Net income was $23 million, or $0.19 per diluted share.
- Company repurchased 1.2 million shares for $14 million and extended stock repurchase program.
Headline financials
Revenue & EPS history
Frank's International · Revenue · Quarterly
$437M
Forward guidance
Expro anticipates full-year revenues to be stable to up modestly year-on-year for 2025. Adjusted EBITDA margin is expected to improve over 100 bps year-on-year. First quarter revenue is expected to be down sequentially by approximately 15% and relatively flat year-on-year. Adjusted EBITDA margin for the first quarter of 2025 is expected to be sequentially lower by about 400 bps but up 50-100 bps year-on-year.
Tailwinds
- Full-year revenues to be stable to up modestly year-on-year.
- Adjusted EBITDA margin is expected to improve over 100 bps year-on-year.
- Activity rebound expected in the second quarter.
- International and offshore markets should build momentum as the year progresses.
- Significant offshore projects expected to be sanctioned in late 2025 and throughout 2026.
Headwinds
- First quarter revenue is expected to be down sequentially by approximately 15% and relatively flat year-on-year.
- Quarterly sequential decrease is largely due to Northern hemisphere seasonality and the non-repeat of subsea well access projects delivered in the fourth quarter of 2024.
- Adjusted EBITDA margin for the first quarter of 2025 is expected to be sequentially lower by about 400 bps.
- Near-term headwinds attributed to whitespace in deepwater activity.
- Full-year revenue outlook is flattish.
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 Q4 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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