Enerflex Reports Third Quarter Results with Record Backlog Amid Revenue Decline
Enerflex (EFXT) reported third-quarter earnings per share of $0.45, alongside revenue of $623 million. The company's revenue saw a year-over-year decrease of 19.8%, missing market expectations by $13.64 million. Despite the top-line miss, Enerflex achieved a record backlog of $2.1 billion as of September 30, providing significant visibility for future revenue. The company also reported strong business activity with $1.0 billion in new bookings during the third quarter.
Tickers: $EFXT
Topics: backlog growth earnings miss financial results revenue decline