Enerflex Ltd. Reports Third Quarter 2024 Financial and Operational Results and a 50% Dividend Increase
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Enerflex Ltd. reported strong Q3 2024 financial results, including a 50% dividend increase, $120 million in adjusted EBITDA, and $78 million in free cash flow. The company's backlog remains stable, and its net debt-to-EBITDA ratio is within target. Capital spending guidance for 2024 has been updated.
November 14, 2024 | 11:15 am
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Enerflex Ltd. reported a 50% increase in dividends, strong adjusted EBITDA of $120 million, and stable backlog, indicating robust financial health. The company's net debt-to-EBITDA ratio is within its target range, and capital spending guidance has been updated.
The 50% dividend increase is a positive signal to investors, indicating confidence in future cash flows. Strong adjusted EBITDA and stable backlog further support a positive outlook. The net debt-to-EBITDA ratio being within target range suggests financial stability. Updated capital spending guidance provides clarity on future investments.
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