Enerflex Hits Record EBITDA, Solid Backlog in Q2

Enerflex (TSE:EFX) has released an update.

Enerflex Ltd. has achieved a record adjusted EBITDA of $122 million in the second quarter of 2024, signaling strong financial performance and operational visibility with stable backlogs worth billions. The company’s bank-adjusted net debt-to-EBITDA ratio stands at 2.2x, indicating progress toward its target leverage framework, and capital spending is expected to be at the lower end of the projected range for the full year.

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