Overview

• Expro Q3 revenue misses analyst expectations, net income at $14 mln

• Company increased full-year guidance for Adjusted EBITDA and Free Cash Flow

• Expro repurchased $25 mln in shares, totaling $40 mln year-to-date

Outlook

• Expro raises full-year Adjusted EBITDA guidance to $350 mln - $360 mln

• Company increases full-year Adjusted Free Cash Flow guidance to $110 mln - $120 mln

• Expro revises full-year revenue guidance to $1.6 bln - $1.65 bln

Result Drivers

• HIGH MARGINS - Expro achieved an Adjusted EBITDA margin of 22.8%, reflecting operational efficiency and focus on high-margin projects

• TECHNOLOGICAL INNOVATION - Introduction of QPulse™ and ELITE Composition™ technologies contributed to Expro's performance and were recognized with industry awards

• CASH FLOW GENERATION - Adjusted free cash flow of $46 mln, driven by solid operating performance and disciplined capital spending

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil related services and equipment peer group is "buy"

• Wall Street's median 12-month price target for Expro Group Holdings NV is $14.00, about 8.6% above its October 21 closing price of $12.80

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw1mZxmWa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)