Expro Reports Missed Earnings but Raises Revenue Outlook
Expro Group Holdings N.V. (NYSE:XPRO) reported second-quarter results that missed earnings estimates while slightly beating revenue expectations. The company's adjusted EPS came in at $0.15, below the expected $0.19, and net income was only $2 million for the quarter. However, Expro raised its full-year revenue guidance to between $1.65 billion and $1.70 billion, well above analyst expectations of $1.59 billion. The company attributed weaker performance partly to disruptions in the Middle East due to geopolitical tensions. Despite this, it expects improved EBITDA margins for the second half of 2026, with fourth-quarter margins expected to exceed 26%. Expro also completed its acquisition of Enhanced Drilling and repurchased shares worth $40 million year-to-date. Shares were little changed in after-hours trading following the report.
Tickers: $XPRO