Industrial services firm FLINT Q2 revenue falls

Flint

31/07/2025 22:10

Overview

FLINT Q2 revenue falls 10.1% yr/yr to C$148.3 mln

Gross profit rises 2.9% to C$18.5 mln, adjusted EBITDAS up 16.1%

Liquidity increases 133.5% to C$97.4 mln

Outlook

FLINT anticipates 2025 activity levels consistent with first half

Company sees delays in project execution

Result Drivers

REVENUE DECLINE - Driven by delays in timing of construction and maintenance work awarded and executed by customers

GROSS PROFIT INCREASE - Attributed to favorable mix of work and disciplined business optimization

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
C$148.30 mln
Q2 EPS
C$0.01
Q2 Gross Margin
12.5%
Q2 Gross Profit
C$18.51 mln


Press Release: ID:nGNX1nrGyN

(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.)