Expro Gr Raises FY2024 Sales Guidance from $1.60B-1.70B to $1.70B-$1.75B Vs. $1.67B Estimate
Portfolio Pulse from Benzinga Newsdesk
Expro Group has raised its FY2024 sales guidance from $1.60B-$1.70B to $1.70B-$1.75B, surpassing the $1.67B estimate. The company also refined its Adjusted EBITDA guidance to $350M-$375M. Third quarter revenue is expected to be $410M-$430M, with a sequential decrease but year-on-year growth of 14%.
July 25, 2024 | 10:13 am
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Expro Group has increased its FY2024 sales guidance to $1.70B-$1.75B, surpassing the $1.67B estimate. The company also refined its Adjusted EBITDA guidance to $350M-$375M. Third quarter revenue is expected to be $410M-$430M, with a sequential decrease but year-on-year growth of 14%.
The increase in sales guidance and refined EBITDA expectations indicate strong performance and positive outlook for Expro Group. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100