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 $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 $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/Mis Actual Consensu

s s

Estimate

Q3 C$148.79

Revenue mln

Q3 EPS C$2.53

Q3 Gross 11.80%

Margin

Q3 Gross C$17.48

Profit mln

Press Release:

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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.)