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/Mis Actual Consensu

s s

Estimate

Q2 C$148.30

Revenue mln

Q2 EPS C$0.01

Q2 Gross 12.5%

Margin

Q2 Gross C$18.51

Profit mln

Press Release:

(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.)