Earnings call transcript: Expro Group misses Q3 2026 EPS, shares slide 14.6%
Expro Group Holdings plc reported its Q3 2026 earnings, with revenue reaching $440 million, surpassing Wall Street's forecast. However, earnings per share (EPS) fell to $0.19, below the expected $0.28. The mixed results saw the company raise full-year free cash flow guidance and anticipate a record fourth quarter, yet the stock price dropped 14.59% to $13.555 in premarket trading, down from $15.87.
Revenue increased by 12% sequentially and outperformed forecasts by 7.41%. Adjusted EBITDA rose by 20% to $91 million, with a margin near 21%. Adjusted free cash flow stood at $52 million, with full-year guidance raised to $140 million-$150 million. A portion of high-margin work was moved from Q4 to 2027 due to weather and project timing, accounting for about $20 million.
Despite revenue beats and stronger cash outlook, investors' focus on the earnings miss, resulting in a sharp 14.59% decline in stock price.
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