Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Non Executive Independent Director Fran Vallejo was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • May 06
Expro Group Holdings N.V. (NYSE:XPRO) entered into a definitive agreement to acquire Enhanced Well Technologies AS from Shell Ventures, IKM Gruppen AS, Havn Capital, Transocean Ltd. (NYSE:RIG) and others for approximately NOK 2 billion. Expro Group Holdings N.V. (NYSE:XPRO) entered into a definitive agreement to acquire Enhanced Well Technologies AS from Shell Ventures, IKM Gruppen AS, Havn Capital, Transocean Ltd. (NYSE:RIG) and others for approximately NOK 2 billion on May 4, 2026. The total consideration to be paid at closing is approximately NOK 2 billion in cash (approximately $215 million based on current exchange rates) plus customary closing and working capital adjustments. The acquisition will be funded through combination of cash on hand and borrowings under the revolving credit facility. Until the transaction is completed, both companies will continue to operate independently with no expected disruption to customers, partners, or suppliers.
The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the third quarter of 2026. The transaction is immediately accretive to cash flow and adds approximately $275 million of order backlog.
Fearnley Securities AS acted as financial advisor for Havn Capital, IKM Gruppen AS, Shell Ventures, Transocean Ltd. and the other shareholders of Enhanced Well Technologies AS. SpareBank 1 Markets AS acted as financial advisor for Enhanced Well Technologies AS, IKM Gruppen AS, Shell Ventures, Havn Capital, Transocean Ltd. and the other shareholders of Enhanced Well Technologies AS. Announcement • Apr 21
Expro Group Holdings N.V., Annual General Meeting, Jun 10, 2026 Expro Group Holdings N.V., Annual General Meeting, Jun 10, 2026. Location: at the offices of van campen liem, j.j, viottastraat 52, 1071 jt, amsterdam, netherlands., Netherlands Announcement • Apr 15
Expro Group Holdings N.V. to Report Q1, 2026 Results on May 05, 2026 Expro Group Holdings N.V. announced that they will report Q1, 2026 results Pre-Market on May 05, 2026 Announcement • Feb 20
Expro Group Holdings N.V. (NYSE:XPRO) announces an Equity Buyback for $100 million worth of its shares. Expro Group Holdings N.V. (NYSE:XPRO) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its outstanding common stock. The program is valid until December 31, 2026. Announcement • Feb 19
Expro Group Holdings N.V. Provides Earnings Guidance for the First Quarter Ending March 31, 2026 and Full Year Ending December 31, 2026 Expro Group Holdings N.V. provided earnings guidance for the first quarter ended March 31, 2026 and full year ended December 31, 2026. For the quarter, the company expects revenue to be in a range of $360 million - $370 million.
For the year, the company expects revenues to be between $1,600 million - $1,650 million . Announcement • Feb 04
Expro Launches Solus™? - the Single Valve Solution for Subsea Well Access Expro unveiled Solus™? - the unique high-debris single shear and seal ball valve system offering additional flexibility, functionality, and safety to subsea well access solutions for the international oil and gas industry. Replacing the conventional requirement for two valves with just one, Solus™? revolutionizes the industry's approach to subsea well access, reducing operational risk and complexity while accelerating the drive toward more cost-efficient subsea intervention technologies. Tested and validated in accordance with API Std 17G, Solus™? is the first fully NACE MR0175 compliant fail-close bi-directional high-debris ball valve system that can shear and seal on wire and coiled tubing. Solus™? has already been deployed for a new in-riser completions development in the Gulf of America and installed in an open water system for a North Sea P&A campaign. The system provides shear and post-shear seal for gas and liquids on slick line, braided electrical cable, and coiled tubing. It delivers bi-directional sealing for liquids and gas, even after a pump-through. Solus™? has also been included in the Expro lightweight P&A Open Water Intervention Riser System (OWIRS). By achieving a Shear and Seal in a single valve, this technology allows Expro to introduce Solus into the open water application. Solus™?' modular design allows isolation and disconnection from the well. Its compact design and increased flexibility match the industry's advance in next generation smaller-sized BOP (blowout preventer) stacks and enables more efficient supply chain management. The system's fail-close design reduces risk of emissions and provides a unique well safety barrier. Expro's world-class integration or 'whole system' experience provides user surety and confidence. Replacing a two-valve system with just one valve simplifies operations management. Solus™? offers superior high debris (HD) flexibility for a wider range of complete well lifecycle challenges, with 15% solids ingress qualification size. Solus™? is the latest technology from Expro that demonstrates the company's innovation and expertise in systems integration, engineering excellence, and deep understanding of the industry's needs. The system advances Expro's 40-year legacy of leadership in the global subsea sector. Announcement • Jan 13
Expro Group Holdings N.V. to Report Q4, 2025 Results on Feb 19, 2026 Expro Group Holdings N.V. announced that they will report Q4, 2025 results Pre-Market on Feb 19, 2026 Announcement • Oct 02
Expro Group Holdings N.V. to Report Q3, 2025 Results on Oct 23, 2025 Expro Group Holdings N.V. announced that they will report Q3, 2025 results Pre-Market on Oct 23, 2025 Announcement • Sep 30
Expro Launches Remote Clamp Installation System, Delivering Time and Safety Gains on First Deployment Expro has successfully completed the first full deployment of its Remote Clamp Installation System (RCIS), marking a significant step forward in improving offshore safety and efficiency. Developed by Expro's Frank's Tubular Running Services (TRS), the RCIS offers a unique industry solution for smart well completions requiring real-time monitoring and control of downhole tools from the surface via control lines. This capability allows operators to optimize production, manage downhole safety devices essential to well integrity, and extend well life, thereby minimizing costly interventions. The RCIS eliminates significant manual intervention traditionally needed to install control line clamps on tubing during completion operations. By fully automating this process, the Expro RCIS enhances the efficiency of completion installation and reduces risk by minimizing personnel exposure on the rig floor. The initial deployment of the RCIS was in the UK's North Sea during the fourth quarter of 2024 as part of a test trial. The project was delivered in collaboration with BP, which also partially sponsored the development of the RCIS technology. Building on that success, the RCIS was deployed again in the second quarter of 2025, by another operator in the North Sea, where Expro successfully ran a complete hands-free Upper Completion at up to 15 joints per hour with zero non- productive time (NPT) or damage to any of the control lines, increasing running efficiency by 25%. The control line clamps were installed remotely, reducing installation time by approximately two minutes, or 50% per clamp. Announcement • Jul 29
Expro Group Holdings N.V. Reaffirms Earning Guidance for the Year 2025 Expro Group Holdings N.V. reaffirmed earning guidance for the year 2025 . For the year, company reaffirmed full-year guidance with revenues of circa $1.7 billion. Announcement • Jul 23
Expro Unveils Its Most Advanced Brute®? Packer System for Deepwater Wells Expro has launched its most advanced BRute®? High-Pressure, High Tensile Packer System, designed to help operators work more efficiently and confidently in the extreme conditions of deepwater wells. Engineered for the highest differential pressures in the market, this new technology gives operators the flexibility to set higher in the wellbore - saving rig time, reducing operational risk, and simplifying regulatory compliance. The introduction of the BRute®?Armor Packer marks a major milestone in the continued evolution of Expro's BRute®? product line. With unmatched versatility, this innovation positions Expro as the only provider capable of supporting 20k deepwater projects at this level. When deployed with the BRute®? 2 Storm Valve, it forms the industry's highest-rated Storm/Service Packer and Valve combination currently available. As a recognized leader in deepwater downhole solutions, Expro was commissioned by a super-major energy company for a high-spec 20k development in the Gulf of America. The inaugural use of the technology confirmed its pressure integrity and performance under extreme downhole conditions resulting in the release and first successful deployment of the 12,850 psid-rated 12.25" BRute®? Armor Packer System in April 2025. Building on the successful deployment of the 12.25" Packer System, Expro has also introduced a new 20"/22" Packer System addressing historical challenges of 20" and 22" retrievable mechanical packer systems, often constrained by internal diameter (ID) limitations, such as subsea high-pressure wellhead housings and supplemental casing adapters. Featuring twice the element expansion capability of traditional mechanical packerers, the new system delivers efficient, reliable performance for casing testing, suspension, and squeeze applications, all without compromising operational effectiveness. The first deployment of the 20"/22" Packers recently took place in June 2025, during a high-profile offshore campaign for a super-major operator in the Gulf of America. the packer passed through restrictions in the high-pressure wellhead housing and supplemental casing adapter before being installed in a larger ID below both components. It achieved full element expansion and pressure integrity on the first attempt validating the tool's enhanced expansion capability, enabling efficient casing isolation while reducing rig time and operational risk. Announcement • Jul 08
Expro Group Holdings N.V. to Report Q2, 2025 Results on Jul 29, 2025 Expro Group Holdings N.V. announced that they will report Q2, 2025 results Pre-Market on Jul 29, 2025 Announcement • Jul 03
Expro Enhances Rig Floor Safety with Innovative Catwalk Sensor Technology Expro's Frank's Tubular Running Services (TRS) division has successfully deployed its new Catwalk Sensor technology across its United States land operations, delivering a significant leap forward in safety for land-based drilling rigs. The Catwalk Sensor is designed to address a critical safety gap in manual rig environments. Installed on the rig's catwalk or slingshot system, the sensor emits real-time audible alerts whenever pipe enters the V-door area. This immediate warning system serves as a proactive risk reduction technology so that all personnel on the rig floor are instantly aware of potential hazards enabling swift, proactive responses. Announcement • Jun 13
Expro Group Holdings N.V. Announces Chief Financial Officer Changes, Effective June 30, 2025 Expro Group Holdings N.V. announced the appointment of Sergio Maiworm as Chief Financial Officer, effective June 30, 2025. Mr. Maiworm succeeds Quinn Fanning, who will be leaving the company. This change reflects the company’s focus on aligning its leadership structure with its evolving strategy and long-term growth objectives. It is not related to any issues involving financial performance or internal controls and is part of a broader effort to position Expro to deliver long-term value to shareholders, customers, and employees. Announcement • Jun 03
Expro's Itong™? Revolutionizes Offshore Operations with First Deployment in Africa Expro has successfully deployed its Autonomous iTONG™? system for the first time in the Sub-Sahara Africa (SSA) region, for a major offshore operator off the Cote d'Ivoire. This milestone marks iTONG™?'s first deepwater deployment, following its initial operation in Norway in 2021. Expro secured the Tubular Running Services (TRS) contract aboard the Deep Value Driller (DVD) drillship, which arrived in Cote d-Ivoire in late 2023. The project supports the expansion of the Baleine field - the region's largest hydrocarbon discovery - for client Eni. iTONG™? is one of the industry's most technologically advanced tong systems, designed to enhance safety, efficiency, and sustainability. It eliminates the need for personnel to work in the hazardous Red Zone of the rig floor, significantly improves operational efficiency - saving considerable rig time, and in turn reducing net CO2 emissions throughout the construction of a Well. By automating the connection make-up and break-out of casing and tubing joints, iTONG™? provides precise torque control from the push of a single button - operated safely from the driller's cabin - while enabling full connection make-up validation. Following a rapid delivery, installation, and commissioning process on the DVD, iTONG™? quickly transformed offshore operations. Enhanced efficiency and cost savings: Connection make-up times were cut by 50%, saving approximately $200,000 in cost per well project. Faster connections: 'Park-to-park' connection times are now completed in just 90 seconds compared to 180 seconds with previous remote technologies. Announcement • Apr 30
Expro Group Holdings N.V. Provides Earnings Guidance for the Second Quarter of 2025 Expro Group Holdings N.V. provided earnings guidance for the second quarter of 2025. For the quarter, company expected revenue to be in a range of $400 million to $410 million. Announcement • Apr 17
Expro Group Holdings N.V. to Report Q1, 2025 Results on Apr 30, 2025 Expro Group Holdings N.V. announced that they will report Q1, 2025 results Pre-Market on Apr 30, 2025 Announcement • Mar 24
Expro Group Holdings N.V., Annual General Meeting, Jun 05, 2025 Expro Group Holdings N.V., Annual General Meeting, Jun 05, 2025. Location: at the offices of van campen liem, j.j. viottastraat 52, 1071 jt, amsterdam, amsterdam Netherlands Announcement • Feb 04
Expro Group Holdings N.V. to Report Q4, 2024 Results on Feb 25, 2025 Expro Group Holdings N.V. announced that they will report Q4, 2024 results Pre-Market on Feb 25, 2025 Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$0.14 (vs US$0.13 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.14 (up from US$0.13 loss in 3Q 2023). Revenue: US$422.8m (up 14% from 3Q 2023). Net income: US$16.3m (up US$30.2m from 3Q 2023). Profit margin: 3.8% (up from net loss in 3Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Oct 24
Expro Group Holdings N.V. Revises Fourth Quarter and Full Year Guidance of the Year 2024 Expro Group Holdings N.V. revised Fourth quarter and full year guidance of the year 2024. For the quarter,
revenue is expected to be between $440 million and $470 million, implying sequential and year-on-year revenue growth (at the mid-point of guidance) of 8% and 12%, respectively.
For the full year, the company has refined full-year 2024 guidance for expected revenues of between $1,720 million and $1,750 million. Buy Or Sell Opportunity • Oct 16
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to €15.40. The fair value is estimated to be €19.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 73%. Announcement • Oct 10
Expro Group Holdings N.V. to Report Q3, 2024 Results on Oct 24, 2024 Expro Group Holdings N.V. announced that they will report Q3, 2024 results Pre-Market on Oct 24, 2024 Buy Or Sell Opportunity • Aug 21
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €17.90. The fair value is estimated to be €23.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 73%. New Risk • Aug 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Buy Or Sell Opportunity • Aug 05
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.2% to €17.70. The fair value is estimated to be €22.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 73%. Announcement • Jul 12
Expro Group Holdings N.V. to Report Q2, 2024 Results on Jul 25, 2024 Expro Group Holdings N.V. announced that they will report Q2, 2024 results Pre-Market on Jul 25, 2024 Announcement • Jul 03
Expro Group Holdings N.V.(NYSE:XPRO) dropped from Russell 2500 Growth Index Expro Group Holdings N.V.(NYSE:XPRO) dropped from Russell 2500 Growth Index Recent Insider Transactions • May 19
Chief Financial Officer recently sold €339k worth of stock On the 16th of May, Quinn Fanning sold around 18k shares on-market at roughly €19.37 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Quinn's only on-market trade for the last 12 months. Announcement • May 17
Expro Group Holdings N.V. (NYSE:XPRO) completed the acquisition of Coretrax Technology Ltd. from an investment group led by Buckthorn Partners LLP. Expro Group Holdings N.V. (NYSE:XPRO) signed an agreement to acquire Coretrax Technology Ltd. from an investment group led by Buckthorn Partners LLP for approximately $190 million on February 12, 2024.Total consideration to be paid at closing is including at least $75 million of cash and up to 6.75 million newly issued Expro common shares. The cash component of the proposed transaction may be increased at Expro’s election, and the notional value of any equity consideration will be unitized based on Expro’s thirty trading day volume weighted average price (“VWAP”) prior to closing, which is expected to occur in the second quarter of 2024.The transaction is subject to customary closing conditions and working capital adjustments. Wells Fargo Securities, LLC is serving as financial advisor and CMS Cameron McKenna Nabarro Olswang LLP is acting as legal counsel to Expro Group Holdings N.V. (NYSE:XPRO) on the transaction. Evercore Partners Limited is serving as financial advisor, Blackwood Partners LLP is acting as legal counsel to Coretrax. Sidley Austin LLP is acting as legal counsel to Buckthorn Partners on the transaction. Stuart Rogers of Alston & Bird, LLP acted as legal advisor to Wells Fargo Securities, LLC in the deal.
Expro Group Holdings N.V. (NYSE:XPRO) completed the acquisition of Coretrax Technology Ltd. from an investment group led by Buckthorn Partners LLP on May 15, 2024. New Risk • May 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 26
First quarter 2024 earnings released: US$0.024 loss per share (vs US$0.058 loss in 1Q 2023) First quarter 2024 results: US$0.024 loss per share (improved from US$0.058 loss in 1Q 2023). Revenue: US$383.5m (up 13% from 1Q 2023). Net loss: US$2.68m (loss narrowed 58% from 1Q 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Energy Services industry in Europe. Announcement • Apr 12
Expro Group Holdings N.V. to Report Q1, 2024 Results on Apr 25, 2024 Expro Group Holdings N.V. announced that they will report Q1, 2024 results Pre-Market on Apr 25, 2024 Announcement • Mar 30
Expro Group Holdings N.V., Annual General Meeting, May 23, 2024 Expro Group Holdings N.V., Annual General Meeting, May 23, 2024, at 16:00 Central European Standard Time. Location: At the offices of Van Campen Liem, J.J. Viottastraat 52, 1071 JT, Amsterdam Amsterdam Netherlands Agenda: To elect eight director nominees named in this proxy statement to serve until the Company’s annual meeting of shareholders in 2025; to approve on a non-binding advisory basis the compensation of the Company’s named executive officers for the year ended December 31, 2023; to review the annual report for the fiscal year ended December 31, 2023, including the paragraph relating to corporate governance, to confirm and ratify the preparation of the Company’s statutory annual accounts and annual report in the English language and to confirm and adopt the annual accounts for the fiscal year ended December 31, 2023; to discharge the members of the Board from liability in respect of the exercise of their duties during the fiscal year ended December 31, 2023; and to consider other matters. Buy Or Sell Opportunity • Feb 24
Now 21% undervalued Over the last 90 days, the stock has risen 21% to €17.30. The fair value is estimated to be €21.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 84%. Breakeven Date Change • Feb 22
Forecast to breakeven in 2024 The 6 analysts covering Expro Group Holdings expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$128.3m in 2024. Earnings growth of 47% is required to achieve expected profit on schedule. Announcement • Feb 22
Expro Group Holdings N.V. Provides Earnings Guidance for the First Quarter and Full Year of 2024 Expro Group Holdings N.V. provided earnings guidance for the first quarter and full year of 2024. For the quarter, the company expects revenue to be in a range of $365 million to $375 million are down about 10% sequentially from a very strong Fourth Quarter 2023 and up about 9% year-over-year in both cases based on midpoint of guidance.For the year, the company expects revenues to be between $1.6 billion and $1.7 billion. Announcement • Feb 13
Expro Group Holdings N.V. (NYSE:XPRO) signed an agreement to acquire Coretrax Technology Ltd. from an investment group led by Buckthorn Partners LLP for $195 million. Expro Group Holdings N.V. (NYSE:XPRO) signed an agreement to acquire Coretrax Technology Ltd. from an investment group led by Buckthorn Partners LLP for $195 million on February 12, 2024.Total consideration to be paid at closing is including at least $75 million of cash and up to 6.75 million newly issued Expro common shares. The cash component of the proposed transaction may be increased at Expro’s election, and the notional value of any equity consideration will be unitized based on Expro’s thirty trading day volume weighted average price (“VWAP”) prior to closing, which is expected to occur in the second quarter of 2024.The transaction is subject to customary closing conditions and working capital adjustments. Wells Fargo Securities, LLC is serving as financial advisor and CMS Cameron McKenna Nabarro Olswang LLP is acting as legal counsel to Expro Group Holdings N.V. (NYSE:XPRO) on the transaction. Evercore Partners Limited is serving as financial advisor, Blackwood Partners LLP is acting as legal counsel to Coretrax. Sidley Austin LLP is acting as legal counsel to Buckthorn Partners on the transaction. Announcement • Feb 08
Expro Group Holdings N.V. to Report Q4, 2023 Results on Feb 21, 2024 Expro Group Holdings N.V. announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Feb 21, 2024 Buy Or Sell Opportunity • Jan 27
Now 21% undervalued Over the last 90 days, the stock has risen 7.1% to €16.70. The fair value is estimated to be €21.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 54% per annum over the same time period. New Risk • Oct 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (€832k sold). Buying Opportunity • Oct 27
Now 34% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be €23.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings is also forecast to grow by 43% per annum over the same time period. Reported Earnings • Oct 27
Third quarter 2023 earnings released: US$0.13 loss per share (vs US$0.16 loss in 3Q 2022) Third quarter 2023 results: US$0.13 loss per share (improved from US$0.16 loss in 3Q 2022). Revenue: US$369.8m (up 11% from 3Q 2022). Net loss: US$13.9m (loss narrowed 21% from 3Q 2022). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Energy Services industry in Europe. Announcement • Oct 07
Expro Group Holdings N.V. to Report Q3, 2023 Results on Oct 26, 2023 Expro Group Holdings N.V. announced that they will report Q3, 2023 results Pre-Market on Oct 26, 2023 Announcement • Oct 05
Expro Group Holdings N.V. (NYSE:XPRO) completed the acquisition of Professional Rental Tools LLC. Expro Group Holdings N.V. (NYSE:XPRO) entered into a definitive agreement to acquire Professional Rental Tools LLC for $106 million on August 28, 2023. Total consideration to be paid at closing is approximately $106 million, including $62 million of cash and $44 million of newly issued Expro shares. Potential additional consideration will be based on PRT Offshore's financial performance during the four quarters following closing. Excluding possible cost and revenue synergies, total consideration is expected to be approximately 4.0x PRT Offshore's estimated 2023 and 2024 Adjusted EBITDA. The transaction is expected to close in the fourth quarter of 2023. The transaction is subject to customary closing conditions and working capital adjustment. RBC Capital Markets is serving as exclusive financial advisor to Expro and Womble Bond Dickenson is acting as legal counsel on the transaction. Evercore Inc. (NYSE:EVR) acted as financial advisor to PRT Offshore.
Expro Group Holdings N.V. (NYSE:XPRO) completed the acquisition of Professional Rental Tools LLC on October 3, 2023. Recent Insider Transactions • Sep 18
Non-Executive Chairman of the Board recently sold €349k worth of stock On the 15th of September, Michael Kearney sold around 15k shares on-market at roughly €22.64 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €1.1m. Announcement • Aug 30
Expro Group Holdings N.V. (NYSE:XPRO) entered into a definitive agreement to acquire Professional Rental Tools LLC for $106 million. Expro Group Holdings N.V. (NYSE:XPRO) entered into a definitive agreement to acquire Professional Rental Tools LLC for $106 million on August 28, 2023. Total consideration to be paid at closing is approximately $106 million, including $62 million of cash and $44 million of newly issued Expro shares. Potential additional consideration will be based on PRT Offshore's financial performance during the four quarters following closing. Excluding possible cost and revenue synergies, total consideration is expected to be approximately 4.0x PRT Offshore's estimated 2023 and 2024 Adjusted EBITDA. The transaction is expected to close in the fourth quarter of 2023. The transaction is subject to customary closing conditions and working capital adjustment. RBC Capital Markets is serving as exclusive financial advisor to Expro and Womble Bond Dickenson is acting as legal counsel on the transaction. Evercore Inc. (NYSE:EVR) acted as financial advisor to PRT Offshore. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.086 (vs US$0.04 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.086 (up from US$0.04 loss in 2Q 2022). Revenue: US$396.9m (up 27% from 2Q 2022). Net income: US$9.30m (up US$13.6m from 2Q 2022). Profit margin: 2.3% (up from net loss in 2Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in Europe. Announcement • Jul 28
Expro Group Holdings N.V. Provides Earnings Guidance for the Year 2023 Expro Group Holdings N.V. provided earnings guidance for the year 2023. For the year, the company expects revenue of $1,450 million to $1,550 million. Announcement • Jul 14
Expro Group Holdings N.V. to Report Q2, 2023 Results on Jul 27, 2023 Expro Group Holdings N.V. announced that they will report Q2, 2023 results Pre-Market on Jul 27, 2023 Breakeven Date Change • May 24
Forecast breakeven date pushed back to 2024 The 6 analysts covering Expro Group Holdings previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$177.6m in 2024. Average annual earnings growth of 24% is required to achieve expected profit on schedule. Breakeven Date Change • May 22
Forecast breakeven date pushed back to 2024 The 6 analysts covering Expro Group Holdings previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$177.6m in 2024. Average annual earnings growth of 24% is required to achieve expected profit on schedule. Reported Earnings • May 06
First quarter 2023 earnings released: US$0.058 loss per share (vs US$0.10 loss in 1Q 2022) First quarter 2023 results: US$0.058 loss per share (improved from US$0.10 loss in 1Q 2022). Revenue: US$339.3m (up 21% from 1Q 2022). Net loss: US$6.35m (loss narrowed 43% from 1Q 2022). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Energy Services industry in Europe. Announcement • May 05
Expro Group Holdings N.V. Reaffirms Revenue Guidance for 2023 Expro Group Holdings N.V. reaffirmed revenue guidance for 2023. For the year the company announced positive business outlook and full-year guidance range for revenue of $1,450 million to $1,550 million. Recent Insider Transactions • Mar 11
Non-Executive Chairman of the Board recently sold €554k worth of stock On the 3rd of March, Michael Kearney sold around 25k shares on-market at roughly €22.17 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €570k. Reported Earnings • Feb 24
Full year 2022 earnings released: US$0.18 loss per share (vs US$1.64 loss in FY 2021) Full year 2022 results: US$0.18 loss per share (improved from US$1.64 loss in FY 2021). Revenue: US$1.28b (up 55% from FY 2021). Net loss: US$20.1m (loss narrowed 85% from FY 2021). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Energy Services industry in Europe. Buying Opportunity • Feb 23
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be €23.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 15%. Board Change • Jan 10
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Eitan Arbeter is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
