(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/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.)