EFXT Earnings Prediction
The chart below shows how EFXT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EFXT sees a -4.38% change in stock price 10 days leading up to the earnings, and a +0.83% change 10 days following the report. On the earnings day itself, the stock moves by +0.40%. This data can give you a slight idea of what to expect for the next quarter's release.
EFXT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
601.00M
-22.77%
-2.12%
Gross Margin
23.46%
24.85%
5.91%
Operating Margin
10.15%
151.86%
-5.58%
Net Margin
4.99%
583.56%
516.05%
EPS
0.24
380.00%
500.00%
No Data Available
EFXT Earnings Analysis
Enerflex Ltd. Corporation (EFXT.N) Earnings Conference Call
Positive
Q3 Revenue Performance: Consolidated revenue for Q3 2024 was $601 million, an increase from $580 million in Q3 2023 and $614 million in Q2 2024, reflecting solid execution across the company's business lines.
Gross Margin Analysis: Gross margin before depreciation and amortization was $176 million or 29% of revenue, compared to $150 million or 26% of revenue in Q3 2023 and $173 million or 28% of revenue during Q2 2024.
Adjusted EBITDA Performance: Adjusted EBITDA was $120 million compared to $90 million in Q3 2023 and $122 million during Q2 2024, indicating strong operational performance.
Energy Infrastructure Performance: The energy infrastructure business generated revenue of $37 million with a gross margin before depreciation and amortization of 70% during Q3 2024, compared to $33 million and 67% in the prior year.
Quarterly Dividend Increase: The Board approved a 50% increase to the quarterly dividend, now set at CAD $0.0375 per share, payable on January 16, 2025, to shareholders of record on November 26.
Negative
Revenue Decline Analysis: Consolidated revenue for Q3 2024 was $601 million, a decrease from $614 million in Q2 2024 and $580 million in Q3 2023, indicating a decline in revenue performance.
Gross Margin Analysis: Gross margin before depreciation and amortization was $176 million or 29% of revenue, compared to $150 million or 26% of revenue in Q3 2023, reflecting a decrease in profitability despite higher revenue.
EBITDA Decline Analysis: Adjusted EBITDA was $120 million compared to $122 million in Q2 2024 and $90 million in Q3 2023, showing a decline in operational efficiency.
Operating Cash Flow Analysis: Cash provided by operating activities was $98 million in Q3 2024, which included a working capital recovery of $35 million, indicating potential liquidity issues.
High Leverage Position: Net debt at the end of Q3 2024 was $692 million, which included $95 million of cash, suggesting a high leverage position that may impact future financial flexibility.
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EFXT Earning Call Sentiment
Enerflex Ltd. (EFXT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
EFXT.N
-2.16%Positive
The earnings call highlights strong financial performance with increased revenue, gross margin, and adjusted EBITDA. The 50% dividend increase signals confidence in future cash flows and commitment to shareholder returns. Despite some supply chain challenges and weak natural gas prices, Enerflex maintains a strong backlog and has achieved its target leverage range. The Q&A reveals cautious optimism with a focus on enhancing shareholder returns. Overall, the financial health and strategic moves suggest a positive outlook, likely resulting in a 2% to 8% stock price increase over the next two weeks.