Enerflex Ltd. (TSE:EFX) has released an update.
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Enerflex Ltd. capped off 2023 with robust financial health, posting an adjusted EBITDA of $126 million and generating a significant $185 million in free cash flow in the fourth quarter. The company has demonstrated fiscal prudence by repaying $167 million of debt, reducing its net debt-to-EBITDA ratio to 2.3, and is poised for continued success in 2024 with an Engineered Systems backlog valued at $1.5 billion. Despite global economic challenges, Enerflex’s strategic acquisitions and operational efficiencies have led to a solid performance, particularly in its Energy Infrastructure and After-market Services sectors.
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