Friday, December 27, 2013

Enerflex Ltd. - EFX.t

Enerflex Ltd. - EFX.t is the single-source supplier for natural gas compression, oil and gas processing, refrigeration systems and power generation equipment. Broad in-house resources give the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems.

The company is the go-to source for producers seeking to optimize their energy production from oil and natural gas fields around the world.

On November 7, 2013 the company released Numbers

CALGARY, ALBERTA – November 7, 2013 – Enerflex Ltd. (TSX:EFX) (“Enerflex” or “the Company”), a leading supplier of products and services to the global energy industry, today reported its financial and operating results for the three and nine months ended September 30, 2013.

Enerflex reported net earnings from continuing operations for the third quarter of 2013 of $13.2 million, or $0.16 per share, which were $7.7 million lower than the same period in 2012. Net earnings for the first nine months of 2013 were $47.0 million, or $0.60 per share, a decrease of $8.2 million from the same period in 2012. The decreases in net earnings for the quarter and for the first nine months of 2013 were a result of lower gross margins and higher SG&A expenses, which were partially offset by lower income tax expense.