Expro reports Q1 adjusted EPS 25c, consensus 11c

Reports Q1 revenue $390.87M, consensus $373.39M. Michael Jardon, CEO, noted: “We are pleased to report solid first quarter financial results, reflecting the continued strength of our business and the resilience of our team. First quarter Adjusted EBITDA and Adjusted EBITDA margin of $76 million and 20%, respectively, represent our best first quarter performance since we completed the Expro (XPRO)/Frank’s merger in the fourth quarter of 2021. Organic investment and a successful M&A strategy continue to enable margin expansion and increase our relevance with customers. As a result, 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.”