Expro Q4 Revenue $382M, Below Expectations
Reports Q4 revenue $382M, consensus $413.47M. CEO Michael Jardon noted, "Expro's Q4 results closed out a solid year of financial performance. In 2025, the company generated $127M of Adjusted free cash flow, significantly surpassing expectations and more than doubling the amount generated in the prior year...On the financial side, the company increased its capital return to shareholders by repurchasing $40M of stock, continued to strengthen the balance sheet by voluntarily repaying $42M of our revolving credit facility, and as mentioned, continued to expand our Adjusted EBITDA margin to 22.0% - among the top in the peer group...Looking ahead, we are cautiously optimistic about 2026. We generally expect 2026 financial results to be similar to and in some respects better than 2025 characterized by an industry sense of optimism growing for the back half of 2026 into 2027. Our strong order backlog of $2.5B provides good revenue visibility this year where we expect to generate 2026 Adjusted EBITDA of $355M-$375M with 2026 Adjusted free cash flow of $125M-$145M...Additionally, our capital allocation strategy remains intact - invest in the business to drive margin expansion and provide cash returns to shareholders."
