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Stock impact report

Enerflex Ltd. Reports Third Quarter 2024 Financial and Operational Results and a 50% Dividend Increase [Yahoo! Finance]

Enerflex Ltd Common Shares (EFXT) 
Company Research Source: Yahoo! Finance
BANK-ADJUSTED NET DEBT-TO-EBITDA RATIO OF 1.9X AT THE END OF Q3/24, WITHIN THE COMPANY'S TARGET RANGE OF 1.5X TO 2.0X CAPITAL SPENDING GUIDANCE FOR 2024 UPDATED TO $80 MILLION TO $90 MILLION WITH GROWTH SPENDING EXPECTED TO REMAIN BELOW LONG-TERM AVERAGE IN 2025 CALGARY, Alberta, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today reported its financial and operational results for the three and nine months ended September 30, 2024. All amounts presented are in U.S. Dollars (“USD”) unless otherwise stated. Q3/24 FINANCIAL AND OPERATIONAL OVERVIEW Generated revenue of $601 million compared to $580 million in Q3/23 and $614 million in Q2/24. Higher revenue is primarily attributed to additional project volumes in the Engineered Systems (“ES”) business line and higher utilization and price increases on renewed contracts in the Energy Infrastructure (“EI”) business line. Recorded gross margin before depreciation and amor Show less Read more
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