Shares of Expro Group Holdings N.V. (XPRO) plummeted 7.48% in pre-market trading on Thursday following the release of its third-quarter earnings report. The well construction firm's financial results painted a mixed picture, with revenue falling short of expectations while earnings per share met analyst estimates.
Expro reported quarterly revenue of $411.356 million, missing the analyst consensus estimate of $422.165 million by 2.56%. This represents a 2.71% decrease compared to the same period last year. Despite the revenue shortfall, the company's adjusted earnings per share came in at $0.24, meeting analyst expectations and showing a 4.35% increase from the previous year. Expro's net income for the quarter stood at $13.963 million.
The sharp stock decline can be attributed primarily to Expro's decision to lower its full-year 2025 revenue guidance. The company now expects annual revenue in the range of $1.6 billion to $1.65 billion, down from the previous forecast of $1.7 billion. This reduction likely spooked investors, overshadowing some positive aspects of the report. Notably, Expro raised its full-year guidance for Adjusted EBITDA to $350-360 million and increased its Adjusted Free Cash Flow projection to $110-120 million. The company also highlighted its strong Adjusted EBITDA margin of 22.8% and the introduction of new technologies contributing to its performance.
Comments