Shares of Expro Group Holdings N.V. (XPRO) surged 9.02% in pre-market trading on Wednesday after the energy services provider reported first quarter 2025 results that exceeded analyst expectations and provided an optimistic outlook.
For Q1, Expro posted revenue of $391 million, beating estimates of $373 million. Adjusted earnings per share came in at $0.25, well above the $0.11 expected by analysts. The company's adjusted EBITDA was $76 million with a margin of 20%, representing its best first quarter performance since completing the Expro/Frank's merger in Q4 2021. Expro cited continued progress on margin improvement initiatives and strong execution across its business segments.
Looking ahead, Expro provided upbeat guidance for Q2, projecting revenue of $400-410 million and adjusted EBITDA of $80-90 million. Management expressed optimism about the full year 2025 outlook, noting recent contract awards totaling $272 million across various product lines. CEO Michael Jardon stated, "We believe we are well-positioned for the remainder of the year on a relative basis, and we remain optimistic about the outlook for our business over the next several years." The strong results and positive forward guidance appear to be driving investor enthusiasm for Expro shares.
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