The following is a summary of the Expro Group Holdings N.V. (XPRO) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Expro Group reported Q3 2024 revenue of $423 million with an adjusted EBITDA of $85 million, achieving a 20% margin.

• Year-over-year, revenue increased by $53 million or 14%, and adjusted EBITDA rose by $35 million or 69%.

• Net income for Q3 2024 was $16 million, translating to $0.14 per diluted share, a reversal from a net loss last year.

Business Progress:

• Expro has been integrating Coretrax, streamlining support functions, and pursuing revenue synergies across regions.

• The company remains confident in sustaining business momentum, enhancing operational efficiencies, and focusing on long-term international and offshore market growth.

• Multiple major contracts secured and a strong backlog maintained at approximately $2.3 billion, signaling continued client engagement and demand.

Opportunities:

• Expro is seeing an upcycle in international and offshore markets, which presents growth opportunities, particularly with a focus on technology-enabled services.

• The company's exposure to long-cycle projects in deepwater settings is expected to drive resilience and growth despite market uncertainties.

Risks:

• Near-term pressure from commodity pricing volatility, with recent declines influencing customer caution and spending.

• Potential delays in project start-ups due to cautious 2025 budgets from clients, impacting short-cycled activities, especially in North America.

• Exposure to operational disruptions and financial impact on projects like the Congo Production Solutions due to unresolved variation orders.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.