Expro Group Holdings N.V. (XPRO) reported Q4 EPS of $0.22, $0.02 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $351 million versus the consensus estimate of $336.97 million.
GUIDANCE:
Expro Group Holdings N.V. sees FY2023 revenue of $1.45-1.55 billion, versus the consensus of $1.4 billion.
- “We are incredibly excited about the platform we have built and the opportunities ahead for our business. For 2023, we expect improving profitability to drive improved cash flow generation as we capitalize on tailwinds in our industry and the strong demand for our innovative, sustainable solutions. Based on our strong performance in 2022 and a positive activity outlook, we currently anticipate generating revenues of between $1,450 million to $1,550 million in 2023. Adjusted EBITDA in 2023 is expected to be between $275 million and $325 million, and Adjusted EBITDA margin is expected to be between 19% and 21% of revenue. Consistent with historical patterns, revenue and profitability in the first quarter of 2023 are expected to be negatively impacted by the winter season in the Northern Hemisphere and the budget cycles of our national oil company customers, with revenue flat to down modestly sequentially and Adjusted EBITDA margin in the mid-teens.”