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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

TSX:FLNT - Post Discussion

FLINT Corp > Flint wins $244-million in contracts over three months $$$$$
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Post by Traderstock101 on Feb 02, 2024 9:47am

Flint wins $244-million in contracts over three months $$$$$

Mr. Barry Card reports

FLINT ANNOUNCES $244 MILLION IN NEW CONTRACT AWARDS AND RENEWALS

During the period from Nov. 1, 2023, to Jan. 31, 2024, Flint Corp. booked new contract awards and renewals that are estimated to generate approximately $244-million in backlog. Approximately 38 per cent of the work will be executed in 2024, with the balance scheduled for 2025 to 2029.

The work will be executed across energy and industrial markets, including oil and gas (upstream, mid-stream and downstream), agriculture and forestry, and will encompass the following service 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 multiyear periods due to our strong safety and operational performance and concerns about a tightening labour market," said Barry Card, chief executive officer.

Mr. Card added: "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."

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 and gas (upstream, mid-stream and downstream), petrochemical, mining, power, agriculture, forestry, infrastructure and water treatment. With offices strategically located across Canada and a dedicated work force, Flint provides maintenance, turnaround, construction, wear technology and environmental services that help its customers bring their resources to the world.

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