Enerflex Ltd. (NYSE:EFXT) Q3 2024 Earnings Conference Call November 14, 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
Tim Monachello - ATB Capital Markets

Operator

Good day and thank you for standing by. Welcome to the Enerflex Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

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

Jeff Fetterly

Thank you, Josh, and good morning, everyone. Welcome to our third quarter of 2024 results call. With me today are Marc Rossiter, President and CEO; and Preet Dhindsa, SVP and CFO.

During today's call, our prepared remarks will focus on three key areas. First, the strong operational performance of the business during Q3 and our outlook heading into 2025. Second, capital allocation, including direct shareholder returns and capital spending. And third, our progress on near and long-term strategic priorities.

Before I turn it over to Mark, 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 the SEDAR+ and EDGAR profiles.

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

I'll now turn it over to Marc.

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 performance, with third quarter results reflecting solid execution across the company's business lines, as well as our hard work over the last few years building a strong, resilient company positioned for sustainable growth and value creation.

The energy infrastructure and aftermarket services business lines continue to deliver steady performance, generating 65% of our gross margin before depreciation and amortization during the quarter. Slide 11 in our updated investor presentation highlights how Enerflex's business has shifted over the past 5 years and the increased stability we expect this will provide in our results over the coming years.