Equities
Expro Q1 Adjusted Net Income, Revenue Fall; Agrees to Acquire Enhanced Well Technologies
Expro Group (XPRO) reported Q1 adjusted net income Tuesday of $0.09 per diluted share, down from $0.25 a year earlier.Revenue for the quarter ended March 31 was $367.6 million, down from $390.9 million a year earlier.Analysts surveyed by FactSet expected $361.6 million.For 2026, the company reaffirmed its revenue guidance range of $1.60 billion to $1.65 billion. Analysts surveyed by FactSet expect $1.59 billion.Additionally, Expro Group said it has signed a definitive agreement to acquire Enhanced Well Technologies for about 2 billion Norwegian kroner ($216.4 million) in cash plus customary closing and working capital adjustments.The acquisition is expected to be immediately accretive to cash flow, add about $275 million of order backlog, and close during Q3, Expro Group said.
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