Company Reports Q4 Revenue of $273.6M, Exceeding Expectations
Reports Q4 revenue $273.6M, consensus $240M. Adam Anderson, CEO, commented, "We delivered a strong finish to 2025, with revenues exceeding the high end of our guidance range due to higher-than-expected subsea deliveries, revenue synergies from the DWS and Citadel acquisitions, and new product introductions. Despite a softer macro environment, we continued to grow market share across the U.S. Land, Offshore, and International markets while also generating substantial Free Cash Flow. During the quarter, we successfully deployed our tenth XPak expandable liner hanger in Brazil's pre-salt fields and are excited by the significant interest we see in this technology in other deepwater basins. We adapted the XPak expandable liner for use onshore and deployed it for a major independent operator in the quarter, enabling our customer to drill some of the Permian's most technically complex wells. This is but one example of how our innovation flywheel - powered by deep customer relationships and disciplined execution - enables us to organically expand our footprint with differentiated products that solve meaningful customer challenges."
