Enerflex(US:EFXT)2024-11-14 16:20Company Overview - Enerflex's market capitalization is CAD$1.3 billion[2] - The company offers an annual dividend of CAD$0.15 per share, resulting in a dividend yield of 1.4%[2] - Enerflex has approximately 4,600 employees and operates in 7 core countries[2] Market Position and Growth - Global demand for natural gas is projected to increase by 15% over the next decade[8] - U S and Canadian gas supply needs to grow by approximately 25% to meet the increasing demand[8] - North America LNG export capacity is expected to increase by 18 Bcf/d by 2028, more than doubling the existing capacity of 14 Bcf/d[14] Financial Performance and Strategy - Enerflex's adjusted gross margin from recurring sources accounts for 69% of the total[17] - The company has repaid $268 million of long-term debt since the beginning of 2023[24] - Enerflex targets a bank-adjusted net debt-to-EBITDA ratio of 1.5x to 2.0x[24] - Engineered Systems bookings reached $349 million in Q3 2024[47] - The company's Engineered Systems backlog was $1.3 billion at the end of Q3 2024[48]