Brief: Enerflex Posts Quarterly Earnings Per Share Basic $0.42

Enerflex

07/05/2020 23:35

May 7 (Reuters) - Enerflex Ltd  EFX.TO :
    * ENERFLEX ANNOUNCES FIRST QUARTER 2020 FINANCIAL RESULTS
AND
QUARTERLY DIVIDEND
    * QTRLY REVENUE $365.7 MILLION VERSUS $484.9 MILLION
    * QTRLY EARNINGS PER SHARE BASIC $0.42
    * CANADIAN AND USA REGIONS HAVE REDUCED THEIR TOTAL
WORKFORCE BY
20 PERCENT FROM JANUARY 1 TO MAY 1
    * GLOBAL WORKFORCE REDUCTIONS IN 2020 ARE EXPECTED TO YIELD
$33
MILLION TO $35 MILLION IN ANNUALIZED SAVINGS
    * REDUCED 2020 GROWTH CAPITAL EXPENDITURES FROM
APPROXIMATELY $210
MILLION TO APPROXIMATELY $90 MILLION
    * REDUCED ITS DIVIDEND BY 83 PERCENT FROM LAST QUARTER
    * QTRLY USA SEGMENT REVENUE WAS $227 MILLION, A DECREASE OF
$65
MILLION FROM SAME PERIOD IN 2019
    * Q1 EARNINGS PER SHARE VIEW C$0.30, REVENUE VIEW C$400.2
MILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX8Tz69j 
Further company coverage:  EFX.TO 

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