Expro Group Holdings N.V. ( (XPRO) ) has released its Q4 earnings. Here is a breakdown of the information Expro Group Holdings N.V. presented to its investors.
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Expro Group Holdings N.V. is a leading provider of energy services, specializing in well construction, well flow management, subsea well access, and well intervention and integrity, serving clients in both onshore and offshore environments across approximately 60 countries. The company recently released its fourth quarter and full-year 2024 financial results, showcasing a strong performance with significant growth in revenue and profitability. Expro reported a fourth quarter revenue of $437 million, marking a 3% increase sequentially and a 7% increase year-over-year. The full-year revenue reached $1,713 million, a 13% rise from the previous year. The company’s adjusted EBITDA for the fourth quarter was $100 million, an 18% increase both sequentially and year-over-year, with a margin of 23%. For the entire year, adjusted EBITDA was $347 million, a 40% increase from 2023, with a margin of 20%. Net income for the fourth quarter was $23 million, a significant improvement from a net loss of $12 million in the fourth quarter of 2023. The full-year net income was $52 million, compared to a net loss of $23 million in 2023. Expro’s board approved an extension of its $100 million stock repurchase program, and the company repurchased 1.2 million shares in the fourth quarter. Looking ahead, Expro’s management remains optimistic about the company’s prospects, expecting stable to modestly increased revenues for 2025 and an improved adjusted EBITDA margin. The company plans to continue its focus on operational efficiency and strategic investments to drive sustainable growth and long-term value for stakeholders.