Enerflex Hits Record EBITDA, Maintains Strong Backlog
Company Announcements

Enerflex Hits Record EBITDA, Maintains Strong Backlog

Story Highlights

Enerflex (TSE:EFX) has released an update.

Enerflex Ltd. announced a record adjusted EBITDA of $122 million in Q2/24, showcasing robust financial health with stable backlogs in Engineered Systems and Energy Infrastructure totaling $2.9 billion. The firm is on track to achieve its net debt-to-EBITDA target, while capital spending for 2024 is expected at the lower end of the $90-$110 million forecast. These results reflect strong operational performance and visibility, as well as strategic growth in the U.S. contract compression business.

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

Related Articles
Ryan AdistEFX Upcoming Earnings Report: What to Expect?
TipRanks Canadian Auto-Generated NewsdeskEnerflex Advances Debt Reduction and Promises Shareholder Value
TipRanks Canadian Auto-Generated NewsdeskEnerflex to Dispute Contract Termination of Kurdistan Project
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App