GDI Integrated Posts Mixed 2023 Financial Results

GDI Integrated (TSE:GDI) has released an update.

GDI Integrated Facility Services Inc. reported a revenue increase in Q4 2023 to $622 million, up 6% from the previous year, alongside a 6% Adjusted EBITDA margin. However, annual figures show a 12% revenue rise to $2.44 billion for 2023 but a decrease in net income to $19 million from $36 million in 2022. The company also managed to decrease its net working capital by $36 million, allowing for significant debt repayment.

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