Expro Group Holding N.V. (NYSE:XPRO) Q3 2022 Results Conference Call November 3, 2022 11:00 AM ET

Company Participants

Karen David-Green - Chief Communications Stakeholder and Sustainability Officer

Mike Jardon - Chief Executive Officer

Quinn Fanning - Chief Financial Officer

Conference Call Participants

Eddie Kim - Barclays

Samantha Hoh - Evercore

Operator

Hello, and welcome to today's Expro Q3 2022 Earnings Presentation. My name is Elliot, and I will be coordinating your call today. [Operator Instructions]

I would now like to hand over to our host, Karen David-Green, Chief Communications Stakeholder and Sustainability Officer.

Karen David-Green

Welcome, everyone to Expro's Third Quarter 2022 Conference Call. I'm joined today by Mike Jardon, CEO; and Quinn Fanning, CFO. First, Mike and Quinn will share their prepared remarks, and then we will open it up for questions. We have an accompanying presentation on our third quarter results that is posted on the Expro website, expro.com, under the Investors section. In addition, supplemental financial information for the third quarter and prior periods is downloadable on the Expro website 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 any 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 website 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 third quarter 2022 earnings release, which can be found on our website.

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

Mike Jardon

Thank you, Karen. Good morning and good afternoon, everyone. Expro delivered solid third quarter results on the back of favorable industry trends that should position us for continued growth and margin expansion. While there are concerns regarding global economic growth and inflation, energy market fundamentals remain strong and in fact, continue to trend upward. The extended period of underinvestment in global upstream production, historically low spare global capacity and inventories and increase in energy demand to pre-COVID levels and a heightened OECD focus on energy security and diversification of supply supports a multiyear energy recovery and in turn, sets the stage for long-term growth for the energy services industry.