GDI Integrated Facility Services Inc GDIFF

Primary Symbol: T.GDI

Industrials

GDI Integrated Facility Services Inc. is an integrated commercial facility services provider. The Company’s segments include Business Services Canada, Business Services USA and Technical Services. The Business Services Canada and Business Services USA segments provide a wide range of basic cleaning services, such as floor cleaning and finishing, window washing, furniture polishing, carpet cleaning and dusting, as well as other building services including lawn maintenance, snow removal and others. The facilities served comprise office properties, shopping centers, industrial and institutional buildings, educational facilities, health care centers, airports and others in Canada and in the United States. The Technical Services segment provides building system controls, mechanical maintenance and services in relation to heating, ventilation, air conditioning, electrical energy engineering service offering and energy performance optimization, cabling for data transport and others.

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GDI Integrated Facility Services Inc

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Post by Betteryear2on Feb 28, 2024 7:41pm

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Releases its Financial Results for the Fourth Quarter

Q4 2023 revenue of $622 million, an increase of $34 million, or 6%, over Q4 2022.
Q4 2023 Adjusted EBITDA* of $37 million, representing an Adjusted EBITDA* margin of 6%.
Q4 2023 net income of $6 million or $0.26 per share compared with $10 million or $0.41 per share for the fourth quarter of 2022.
Q4 2023 decrease in net working capital of $36 million, resulting in long-term debt repayment of $33 million.
2023 revenue of $2.44 billion, an increase of $265 million or 12% over 2022.
2023 Adjusted EBITDA* of $143 million, a decrease of $13 million, or 8%, over 2022.
2023 net income of $19 million or $0.80 per share compared with $36 million or $1.57 per share in 2022.

LASALLE, QC, Feb. 28, 2024 /CNW/ - GDI Integrated Facility Services Inc. ("GDI" or the "Company") (TSX: GDI) is pleased to announce its financial results for the fourth quarter and the year ended December 31, 2023.

GDI Integrated Facility Services Inc. Releases its Financial Results for the Fourth Quarter and the Year Ended December 31, 2023 (newswire.ca)