We traded 16 million shares today up 66% on this news. FLINT announces $244 million in New Contract Awards and Renewals
Calgary, Alberta (February 1, 2024) – FLINT Corp. ("FLINT") (TSX: FLNT) is pleased to announce that, during the period from November 1, 2023 to January 31, 2024, it has booked new contract awards and renewals that are estimated to generate approximately $244 million in backlog. Approximately 38% of the work will be executed in 2024 with the balance scheduled for 2025-2029.
The work will be executed across Energy and Industrial markets, including Oil & Gas (upstream, midstream and downstream), Agriculture and Forestry and will encompass the following services lines: Maintenance, Turnarounds, Construction, Corrosion and Abrasion Wear Technologies and Environmental Services, including abandonment, decommissioning, reclamation and remediation.
“We have seen strong bookings to start 2024. We are seeing increased interest from our valued customers in securing our services for multi-year periods due to our strong safety and operational performance and concerns about a tightening labour market”, said Barry Card, Chief Executive Officer.
“FLINT’s continued commitment to customer service and collaboration and integration with community stakeholders, its focus on safety, quality, operational execution and leadership and its drive for innovation and continuous improvement to maximize efficiency and predictability all contributed to these awards, which included the renewal and scope expansion of existing contracts. We are proud to execute aspects of this awarded work in partnership with our local and Indigenous partners”, added Mr. Card.
About FLINT Corp.
With a legacy of excellence and experience stretching back more than 100 years, FLINT provides solutions for the Energy and Industrial markets including: Oil & Gas, (upstream, midstream and downstream), Petrochemical, Mining, Power, Agriculture, Forestry, Infrastructure and Water Treatment. With offices strategically located across Canada and a dedicated workforce, we provide maintenance, turnaround, construction, wear technology and environmental services that help our customers bring their resources to our world. For more information about FLINT, please visit www.flintcorp.com or contact:
Barry Card
Chief Executive Officer
FLINT Corp.
(587) 318-0997 investorrelations@flintcorp.com
Advisory Regarding Forward-Looking Information
Jennifer Stubbs
Chief Financial Officer FLINT Corp.