May 8, 2025 - 09:37
Enerflex Ltd. has unveiled its financial and operational results for the first quarter of 2025, showcasing impressive figures that reflect the company's robust performance. The company achieved an adjusted EBITDA of $113 million, alongside a substantial free cash flow of $85 million. These results are indicative of Enerflex's strong operational capabilities and market positioning.
The company also reported a significant contract backlog, totaling $1.5 billion, which provides a solid foundation for future revenue generation. Additionally, the engineering services backlog stands at $1.2 billion, further enhancing operational visibility and growth prospects for the upcoming quarters.
Furthermore, Enerflex successfully reduced its bank-adjusted net debt-to-EBITDA ratio to 1.3x at the end of the first quarter, highlighting its commitment to maintaining a healthy balance sheet. These results underscore Enerflex's strategic focus on operational efficiency and financial stability, positioning the company for continued success in the competitive energy sector.
