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ACT Energy Technologies Achieves Record Q3 Revenues

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ACT Energy Technologies Achieves Record Q3 Revenues

Cathedral Energy Services (TSE:ACX) has released an update.

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ACT Energy Technologies reported record revenues of $148.4 million for Q3 2024, marking a 2% increase from the previous year. The company’s net income soared to $26.2 million, largely due to a substantial deferred income tax recovery. Additionally, ACT successfully reduced its loans and borrowings, focusing on generating free cash flow and acquiring common shares.

For further insights into TSE:ACX stock, check out TipRanks’ Stock Analysis page.

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