Expro reports Q4 adjusted EPS 36c, consensus 31c

Reports Q4 revenue $436.84M, consensus $355.66M. Michael Jardon, CEO, noted, “We are pleased to report solid fourth quarter and full-year financial results, reflecting the continued strength of our business and the resilience of our team. Fourth quarter Adjusted EBITDA and Adjusted EBITDA margin of $100 million and 23%, respectively, represent our best quarterly performance since we completed the Expro (XPRO)/Frank’s merger in the fourth quarter of 2021. Full-year 2024 Adjusted EBITDA margin, at 20%, was up approximately 400 basis points year-over-year and up approximately 800 basis points relative to combined results for legacy Expro and Frank’s International over the four quarters prior to our completing the merger. Organic investment and a successful M&A strategy continue to enable margin expansion and improve relevancy to our customers. As a result, we should be well-positioned for the year ahead on a relative basis, and we remain optimistic about the outlook for our business over the next several years.”