Expro Group Holdings N.V. (NYSE:XPRO) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET

Company Participants

Quinn Fanning - Chief Financial Officer

Mike Jardon - Chief Executive Officer

Conference Call Participants

Eddie Kim - Barclays

Luke Lemoine - Piper Sandler

Steve Ferazani - Sidoti

Andrew Peters - T. Rowe Price

Operator

Hello, and welcome to the Expro Q1 2023 Earnings Presentation. My name is Adi and I'll be coordinating your call today. [Operator Instructions]

I would now like to hand over to Quinn Fanning, CFO. The floor is yours. Please go ahead.

Quinn Fanning

Welcome to Expro's first quarter 2023 earnings conference call. I am joined today by Expro, CEO, Mike Jardon. First Mike and I will share our prepared remarks then we will open it up for questions.

We have an accompanying presentation on our first quarter results that is posted on the Expro website, expro.com under the Investors section. In addition, supplemental financial information for the first quarter and prior periods is downloadable on the Expro website, likewise under the Investors section.

I'd like to remind everyone that some of today's comments may refer to or contain forward-looking statements. Such remarks are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such statements speak only as of today's date and the company assumes no responsibility to update forward-looking statements as of any future date. The company has included in its SEC filings cautionary language identifying important factors that could cause actual results to be materially different from those set forth in any forward-looking statements. A more complete discussion of these risks is included in the company's SEC filings, which may be accessed on the SEC's website sec.gov or on our website at expro.com.

Please note that any non-GAAP financial measures discussed during this call are defined and reconciled to the most directly comparable GAAP financial measure in our first quarter 2023 earnings release, which can also be found on our website.

With that, I'd like to turn the call over to Mike.

Mike Jardon

Thank you, Quinn. Good morning and good afternoon, everyone. As noted in our press release, Q1 2023 revenue was up 21% year-over-year and consistent with prior guidance was down just modestly compared to a strong fourth quarter of 2022, recognizing that our first quarter is typically impacted by the winter season in the northern hemisphere and customer budget dynamics, I am pleased with our start to 2023 in terms of revenue performance.