07:29 AM EST, 03/05/2025 (MT Newswires) -- GDI Integrated Facility Services ( GDIFF ) overnight Tuesday reported a steep jump in fourth-quarter profit as it sold assets.

The company reported net income of $23 million or $0.99 per diluted share for the three-months ended Dec. 31, compared with $6 million or $0.25 per diluted share, a year ago. Revenue for the quarter increased by 2% to $634 million compared with $622 million.

"Quarter-over-quarter revenue comparisons should normalize beginning in Q2 2025 and we expect to return to more traditional organic growth levels as the year progresses," said GDI Chief Executive Claude Bigras. "Our outlook for 2025 is positive for each of our business segments, our balance sheet is solid with a leverage ratio below 3x, and we are well positioned to continue to execute on our strategic growth strategy."

Shares of the company closed up $0.25 to $34.85 on Tuesday on the Toronto Stock Exchange.