Expro Group Holdings N.V. (NYSE: XPRO) rallied 6.76% in Tuesday's intraday trading session, following the release of the company's fourth quarter and full-year 2024 financial results. Despite a slight revenue miss, the oilfield services provider's earnings and profitability impressed investors, driving the stock higher.
For the fourth quarter, Expro reported adjusted earnings per share of $0.36, surpassing analysts' consensus estimate of $0.31 by a solid margin. While quarterly revenue of $436.8 million fell short of the projected $446.8 million, the company's full-year 2024 revenue grew an impressive 13% year-over-year to $1.71 billion.
Notably, Expro's adjusted EBITDA increased by a substantial 40% year-over-year to $347 million for the full year 2024, with margins expanding to 20% from 16% in the prior year. This profitability improvement was attributed to higher revenue, including contributions from the Coretrax acquisition, and a more favorable activity mix towards higher-margin services.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.