XPRO · EXPRO GROUP HOLD Q2 FY2026 earnings call record财报电话会记录

“For the quarter, the company generated $393 million of revenue and $76 million of adjusted EBITDA, representing a 19% margin.”

“These technology-based efficiency gains desired by our customers is what we deliver and is something we focus on in continuing to grow within our portfolio of service offerings.”

“We believe that these technologies will enable Expro to work even more closely with customers, especially earlier in the well design and planning phases, where we can assist customers in addressing critical technology challenges that will ultimately result in a reduction of operational risks and improvement in execution consistency and reliability, and a lowering of total well costs.”

“Here again, this leverages Expro's global operating footprint to accelerate the international adoption and deployment of key technologies like we've been able to accomplish with previous acquisitions.”

“We remain constructive on our second half of 2026, especially during the fourth quarter, where we expect a sizable ramp-up in revenue, adjusted EBITDA, and margin generation.”

“In the Europe and Sub-Saharan Africa region, while we do not expect much incremental growth in the back part of the year, we project there will be some at the margin with this segment being a steady and sizable contributor to overall revenue and EBITDA for the company.”

“Specifically for Q2, our adjusted EBITDA was $76 million with a margin of approximately 19%, which is an increase of almost 220 basis points from the previous quarter.”

“Not only is that business's margin already greater than 30%, the internationalization of that technology will expand our overall margins even further.”

“Given that we finished the first half with $60 million of adjusted free cash flow, given our expected activity set for the second half of the year, we still believe we will generate a good level of adjusted free cash flow this year.”

“As we have already stated, during the first half of 2026, we repurchased approximately 2.5 million shares for roughly $40 million and have almost reached our current target of returning at least one-third of our free cash flow to shareholders annually.”

“While our outlook conservatively reflects the near-term impacts of the regional conflict in the Middle East and a more gradual, elongated recovery in activity levels, as we have said before, we project second half of 2026 adjusted EBITDA margins to exceed 24%, with fourth-quarter margins exceeding 26%.”

“We continue to look at things that fit within our capital allocation framework that continue to make good sense from us, continue to make us more relevant to our customers.”