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Enerflex (EFXT)
NYSE:EFXT
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
-0.76Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 38.13%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive sentiment with strong operational performance, increased shareholder returns, and a healthy financial position. However, challenges such as weak natural gas prices and increased SG&A expenses were noted.Company Guidance
During the Enerflex Q3 2024 earnings call, the company provided robust guidance reflecting strong operational performance and strategic financial management. Enerflex reported consolidated revenue of $601 million, a gross margin before depreciation and amortization of $176 million (29% of revenue), and adjusted EBITDA of $120 million. The company successfully reduced leverage to its target range of 1.5x to 2.0x, with net debt at $692 million. This financial discipline allowed Enerflex to increase its quarterly dividend by 50%, signaling a strong commitment to shareholder returns. The Energy Infrastructure business line delivered 65% of the gross margin before depreciation and amortization, with notable utilization and revenue metrics, including $1.6 billion of contracted revenue and a $1.3 billion Engineered Systems backlog. Enerflex also revised its 2024 capital spending guidance to $80 million-$90 million, focusing on customer-supported opportunities in the U.S. and Middle East, and plans to maintain disciplined capital spending into 2025, further strengthening its financial position.Strong Operational Performance
Enerflex reported strong operational performance across its business lines, with a gross margin before depreciation and amortization reaching 29% of revenue in Q3 2024 compared to 26% in Q3 2023.
Increased Shareholder Returns
Enerflex increased its quarterly dividend by 50%, indicating confidence in its financial stability and commitment to shareholder returns.
Record Engineered Systems Backlog
Enerflex maintained a backlog of $1.3 billion for its Engineered Systems, with $349 million in bookings for Q3 2024.
Debt Reduction and Financial Discipline
Enerflex reduced its net debt to $692 million and reached its target leverage range of 1.5x to 2.0x, repaying $268 million of debt since the beginning of 2023.
Energy Infrastructure Growth
The Energy Infrastructure segment showed strong performance, with revenue increasing to $37 million compared to $33 million in the previous year, and utilization rates at 94%.
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EFXT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EFXT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $7.56 | $7.97 | +5.41% |
| Aug 07, 2024 | $5.23 | $5.59 | +7.04% |
| May 07, 2024 | $6.05 | $4.73 | -21.77% |
| Feb 28, 2024 | $5.35 | $5.72 | +6.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Enerflex (EFXT) report earnings?
Enerflex (EFXT) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Enerflex (EFXT) earnings time?
Enerflex (EFXT) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EFXT EPS forecast?
EFXT EPS forecast for the fiscal quarter 2024 (Q4) is 0.08.
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