Expro Ltd reported results for the 2026 quarter with revenue of $393.18M, a decrease versus $422.74M in the prior-year quarter, and diluted EPS of $0.02 compared with $0.16 a year earlier. Net income was $2.03M versus $18M in the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$393.18M$422.74M(7%) | Net income²$2.03M$18M(88.7%) | Diluted EPS³$0.02$0.16(87.5%) |
¹ Reported as “Total revenue”. ² Reported as “Net income”. ³ Reported as “Diluted earnings per common share”.
Business Highlights
- Revenue growth sequentially was driven by higher activity in ESSA and MENA regions, with increased demand in offshore, brownfield and production optimization.
- Channel and mix shifts toward ESSA and MENA helped improve margins; demand for offshore and production-optimization services strengthened.
- Brand and technology momentum continued with expanded offerings including CoilHose™, Galea™, Octopoda™ and expandable casing patches.
- Operational milestone: the company completed a redomicile on July 13, 2026 and began NYSE trading under the ticker XPRO.
- Operating cash flow improved materially quarter-over-quarter, supported by stronger working capital management and higher Adjusted EBITDA.
Original SEC Filing:
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