FLINT's Q3 revenue drops

Flint

04/11/2025 22:12

Corrects currency to C$, from US$, in Overview and Result Drivers sections

Overview

FLINT Q3 revenue falls 29.7% yr/yr, reflecting market softness

Company achieves gross profit margin of 11.8%, up from 11.2% last year

FLINT announces C$320 mln in new contract bookings

Outlook

FLINT anticipates activity levels to remain consistent through 2026

Company expects liquidity to meet obligations through September 2026

Result Drivers

RECAPITALIZATION - Completion of recapitalization transaction expected to support strategic initiatives and long-term success, per CEO Barry Card

NEW CONTRACTS - Co announced C$320 mln in new contract bookings, including multi-year renewals and new awards across core service lines

MARKET SOFTNESS - Revenue decline attributed to timing of construction and maintenance work, reflecting overall market softness in 2025

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$148.79 mln
Q3 EPS
C$2.53
Q3 Gross Margin
11.80%
Q3 Gross Profit
C$17.48 mln


Press Release: ID:nGNX2hvz9j

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 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)