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ACT Energy Technologies Reports Record Q3 Revenues

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ACT Energy Technologies Reports Record Q3 Revenues

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

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ACT Energy Technologies reported a record-breaking Q3 2024 with revenues reaching $148.4 million, driven by increased Canadian operating days and improved revenue per day in the U.S. Despite a decline in U.S. operating days, the company saw a significant rise in net income to $26.2 million, aided by tax benefits and strong cash flow from operations.

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

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