Bullboard - Stock Discussion Forum FLINT Corp T.FLNT

Alternate Symbol(s): NWPIF

FLINT Corp. is an integrated provider of upstream, midstream, and downstream production services. The Company’s segment includes Maintenance and Construction Services and Wear Technology Overlay Services. The Maintenance and Construction Services segment is a fully integrated provider of maintenance and construction services to the energy and industrial markets. It provides maintenance services... see more

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FLINT Corp > 2022 performance

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Post by DonTMX on Mar 15, 2023 2:12pm

2022 performance

I am struggling to follow / read this company 2022 performance, as example, they say EBITDA is 32m but I see true EBITDA is 7,685 comparing to 7,651 last year, so in fact the almost doubled the revenue but true EBITDA stays static over the two years?.

also what is this 4.114m restructuring expenses and 5.983m one time expenses? I haven't seen any press release on any restructuring or acquisitions,what is included here, who are the auditors for this company? Basically they are telling the market ratio of SG&A 37m to one time expense / restructuring costs 10m is ~1:4 ratio, this unusual unless they are flipping entire company every year! I can't stop laughing here!

can someone help me?

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Comment by RealdealKP on Mar 19, 2023 6:46pm

You might be looking at the 4th quarter results and not the full year results. My guess is that part of the $4.1MM in restructuring costs had to do with compensation payment to the previous CEO.

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FLINT Corp