Michael Barth's questions to Enerflex Ltd (EFXT) leadership • Q1 2025
Question
Michael Barth of Desjardins Securities inquired about the bookings trajectory for the second quarter, asking whether Enerflex is seeing a rebound from Q1's lower figures or experiencing further customer deferrals.
Answer
Interim President and CEO Preet Dhindsa acknowledged that Q1 bookings of $205 million were light, partly due to some customer activity being pulled forward into a constructive Q4 2024. He noted that some customers paused decisions in Q1 amid market volatility. However, Dhindsa emphasized that the company maintains a strong backlog of $1.2 billion and sees continued opportunities in the market, with the primary uncertainty being the timing of when new orders will be finalized.