Record-Setting Quarterly EBITDA Margin
Expro reported a third consecutive record-setting quarterly EBITDA margin and robust free cash flow generation, with EBITDA growing to $94 million, representing 22% of revenue.
Strong Revenue and Free Cash Flow
Expro reported increased revenue of $423 million and generated $36 million in free cash flow on an adjusted basis, marking the third consecutive quarter of financial results above expectations.
High Order Intake
Expro achieved new order awards of $595 million in the second quarter, marking the second highest quarter of new order intakes in company history, with significant contracts in Guyana and North Africa.
Innovation and New Technologies
Expro deployed three new industry-first technologies, including the BRUTE Armor Packer and the Remote Clamp Installation System, enhancing operational efficiency and safety.
Positive Outlook and Strategic Positioning
Expro maintains a positive multiyear perspective on growth opportunities, particularly in international and offshore markets, with reaffirmed full-year revenue and EBITDA guidance.