Overview

* Expro ( XPRO ) Q2 revenue of $423 mln beats analyst expectations, per LSEG data

* Adjusted EBITDA of $94 mln exceeds company guidance, reflecting strong execution

* Co reaffirms full-year guidance

Outlook

* Expro ( XPRO ) reaffirms full-year revenue guidance of $1.7 bln

* Company expects Adjusted EBITDA of at least $350 mln for 2025

* Expro ( XPRO ) commits to returning ~$40 mln of free cash flow to shareholders

* Company sees limited exposure in soft markets like U.S. and Mexico

Result Drivers

* REVENUE GROWTH - Expro's ( XPRO ) Q2 revenue of $423 mln exceeded guidance, driven by strong operational execution and strategic investments

* MARGIN EXPANSION - Adjusted EBITDA margin reached a record 22%, attributed to cost savings initiatives and a favorable business mix

* TECHNOLOGICAL INNOVATION - Introduction of new technologies like the BRUTE Armor Packer and RCIS contributed to Expro's ( XPRO ) competitive advantage and growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $422.74 $399.50

Revenue mln mln (3

Analysts

)

Q2 Net $18 mln

Income

Q2 $32.57

Operatin mln

g income

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 ( XPRO ) is $12.00, about 25% above its July 28 closing price of $9.00

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

Press Release:

(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.)