Enerflex Ltd. Reports Second Quarter 2024 Financial and Operational Results

$EFXT
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Recent Analyst Ratings for
$EFXT

DatePrice TargetRatingAnalyst
2/29/2024Market Perform → Outperform
BMO Capital Markets
8/10/2023$13.00 → $11.00Outperform → Market Perform
BMO Capital Markets
3/6/2023Sector Perform → Outperform
RBC Capital Mkts
1/31/2023Outperform → Sector Perform
National Bank Financial
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$EFXT
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  • Enerflex Ltd. Announces Approval of Normal Course Issuer Bid

    All amounts presented are in U.S. Dollars ("USD") unless otherwise stated. CALGARY, Alberta, March 28, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) ("Enerflex" or the "Company") is pleased to announce that the Toronto Stock Exchange (the "TSX") has approved its application to implement a normal course issuer bid ("NCIB") for a portion of its common shares ("Common Shares"). Enerflex believes that: (1) the repurchase of Common Shares would be an effective use of its cash resources and in the best interests of Enerflex and its shareholders; (2) that the current market price of its Common Shares does not fully reflect their underlying value; and (3) that current market condi

    $EFXT
    Industrial Machinery/Components
    Industrials
  • Enerflex Ltd. Announces Normal Course Issuer Bid

    CALGARY, Alberta, March 19, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) ("Enerflex" or the "Company") today announced Board approval to implement a Normal Course Issuer Bid ("NCIB"). The Company intends to make an application to the Toronto Stock Exchange ("TSX") to implement a NCIB that would permit the Company to purchase for cancellation, through the facilities of the TSX, alternative Canadian trading systems or the New York Stock Exchange, common shares representing up to 5% of the public float over a period of twelve months. The NCIB is subject to acceptance by the TSX and will be conducted in accordance with the rules and policies of the TSX and applicable securitie

    $EFXT
    Industrial Machinery/Components
    Industrials
  • Enerflex Ltd. Announces Leadership Transition

    MARC ROSSITER STEPS DOWN AS PRESIDENT, CEO, AND DIRECTOR PREET DHINDSA NAMED INTERIM CEO REAFFIRMS 2025 OUTLOOK AND CONCURRENTLY ANNOUNCES EXPANSION OF DIRECT SHAREHOLDER RETURNS CALGARY, Alberta, March 19, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) ("Enerflex" or the "Company") today announced that Marc Rossiter has stepped down as President, CEO, and Director, effective immediately. Preet Dhindsa, Enerflex's current Senior Vice President and CFO, will serve as Interim Chief Executive Officer. Mr. Dhindsa joined Enerflex in October 2023 and is a seasoned executive with more than 25 years of experience, primarily in the energy and financial services industries. Joe L

    $EFXT
    Industrial Machinery/Components
    Industrials

$EFXT
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  • Enerflex Ltd. Announces Leadership Transition

    MARC ROSSITER STEPS DOWN AS PRESIDENT, CEO, AND DIRECTOR PREET DHINDSA NAMED INTERIM CEO REAFFIRMS 2025 OUTLOOK AND CONCURRENTLY ANNOUNCES EXPANSION OF DIRECT SHAREHOLDER RETURNS CALGARY, Alberta, March 19, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) ("Enerflex" or the "Company") today announced that Marc Rossiter has stepped down as President, CEO, and Director, effective immediately. Preet Dhindsa, Enerflex's current Senior Vice President and CFO, will serve as Interim Chief Executive Officer. Mr. Dhindsa joined Enerflex in October 2023 and is a seasoned executive with more than 25 years of experience, primarily in the energy and financial services industries. Joe L

    $EFXT
    Industrial Machinery/Components
    Industrials
  • Enerflex Ltd. Announces Retirement of Directors

    CALGARY, Alberta, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) ("Enerflex" or the "Company") today announced the upcoming retirement of W. Byron Dunn and Michael A. Weill from its Board of Directors, effective January 1, 2025, pursuant to the term limits set in the Company's Board Retirement Policy. Kevin Reinhart, Enerflex's Board Chair, commented, "The Board, Management, and the over 4,600 employees of Enerflex would like to extend gratitude to Byron and Mike for their significant contributions to the Company since the spinoff from Toromont. Their guidance and leadership have helped Enerflex become a premier integrated global provider of energy infrastructure, e

    $EFXT
    Industrial Machinery/Components
    Industrials
  • Enerflex Ltd. Announces the Appointment of a New Independent Director

    CALGARY, Alberta, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) ("Enerflex" or the "Company") announced the appointment of Mr. Ben Cherniavsky to its Board of Directors (the "Board"), effective today. "We are pleased to welcome Ben to our Board, continuing Enerflex's ongoing process of Board renewal which has resulted in the addition of five new directors in the past four years," said Kevin Reinhart, Chair of the Enerflex Board. "Ben is a seasoned financial professional with deep expertise across North American capital markets. We look forward to his insights as Enerflex executes on its strategy and aims to deliver significant value creation for its shareholders.

    $EFXT
    Industrial Machinery/Components
    Industrials

$EFXT
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  • Enerflex Ltd. Announces Normal Course Issuer Bid

    CALGARY, Alberta, March 19, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) ("Enerflex" or the "Company") today announced Board approval to implement a Normal Course Issuer Bid ("NCIB"). The Company intends to make an application to the Toronto Stock Exchange ("TSX") to implement a NCIB that would permit the Company to purchase for cancellation, through the facilities of the TSX, alternative Canadian trading systems or the New York Stock Exchange, common shares representing up to 5% of the public float over a period of twelve months. The NCIB is subject to acceptance by the TSX and will be conducted in accordance with the rules and policies of the TSX and applicable securitie

    $EFXT
    Industrial Machinery/Components
    Industrials
  • Enerflex Ltd. Announces Fourth Quarter 2024 Financial and Operational Results

    ADJUSTED EBITDA OF $121 MILLION AND FREE CASH FLOW OF $76 MILLION1 EI CONTRACT BACKLOG AND ES BACKLOG OF $1.5 BILLION AND $1.3 BILLION, RESPECTIVELY, PROVIDING STRONG OPERATIONAL VISIBILITY REDUCED BANK ADJUSTED NET DEBT-TO-EBITDA RATIO2 TO 1.5X TIMES AT YEAR-END CALGARY, Alberta, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) ("Enerflex" or the "Company") today reported its financial and operational results for the three and twelve months ended December 31, 2024. All amounts presented are in U.S. Dollars ("USD") unless otherwise stated. Q4/24 FINANCIAL AND OPERATIONAL OVERVIEW          Generated revenue of $561 million compared to $574 million in Q4/23 and $6

    $EFXT
    Industrial Machinery/Components
    Industrials
  • Enerflex Ltd. Provides Preliminary Outlook for 2025 and Confirms Timing of Fourth Quarter Release

    CALGARY, Alberta, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) ("Enerflex" or the "Company") is pleased to provide its preliminary outlook for 2025. All amounts presented are in U.S. Dollars ("USD") unless otherwise stated. Outlook During 2025, Enerflex's priorities include: (1) enhancing the profitability of core operations; (2) leveraging the Company's leading position in core operating countries to capitalize on expected increases in natural gas and produced water volumes; and (3) maximizing free cash flow to strengthen Enerflex's financial position, provide direct shareholder returns, and invest in selective customer supported growth opportunities. Enerflex

    $EFXT
    Industrial Machinery/Components
    Industrials

$EFXT
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