Enerflex Ltd. (NYSE:EFXT) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET

Company Participants

Jeff Fetterly - Vice President, Corporate Development & Investor Relations
Marc Rossiter - President & Chief Executive Officer
Preet Dhindsa - Senior Vice President & Chief Financial Officer

Conference Call Participants

Aaron MacNeil - TD Cowen
Keith MacKey - RBC Capital Markets
Tim Monachello - ATB Capital Markets

Operator

Good day and thank you for standing by. Welcome to Enerflex Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I'd now like to hand the conference over to your speaker today Vice President of Corporate Development and Investor Relations, Jeff Fetterly. Please go ahead.

Jeff Fetterly

Thank you and good morning everyone. Welcome to our second quarter of 2024 earnings call. With me today are Marc Rossiter, President and CEO; Preet Dhindsa, SVP and CFO; Ben Park, Vice President and Corporate Controller.

During today's call, we speak to our second quarter results, outlook for the remainder of 2024, and provide an update on our target leverage framework as well as our long-term strategic and capital allocation priorities.

Before I turn it over to Marc, I'll remind everyone that today's discussion will include non-IFRS and other financial measures as well as forward looking statements regarding Enerflex's expectations for future performance and business prospects.

Forward looking information involves risks and uncertainties and the stated expectations could differ materially from actual results or performance. For more information refer to the advisory statements within our news release, MD&A, and other regulatory filings all available on our website and under our SEDAR+ and EDGAR profiles.

As part of our prepared remarks, we will be referring to slides in our investor presentation, which is available on our website under the Investor Relations section.

I will now turn it over to Marc Rossiter, Enerflex's President and CEO.

Marc Rossiter

Thanks Jeff and thank you all for joining us on this morning's call. We are pleased to report another quarter of strong operational results that translated into a high watermark for adjusted EBITDA. These results reflect solid performance across our geographies and business lines as well as our ongoing efforts to optimize and streamline our business.

The Energy Infrastructure and Aftermarket Services business lines continued to deliver steady performance, generating 62% of our gross margin before depreciation and amortization during the quarter.