Enerflex Ltd (EFXT) shares surged 6.12% at the market open on Thursday, marking a significant intraday gain for the energy infrastructure company.
The sharp rise follows the company's announcement of better-than-expected fourth-quarter financial results, with adjusted earnings per share of $0.20 crushing the analyst consensus estimate of $0.10 by 94%. Quarterly sales of $627 million also exceeded expectations of $571.15 million, representing an 11.76% year-over-year increase.
Additionally, Enerflex disclosed an agreement to sell its aftermarket operations in Australia, Thailand, and Indonesia to INNIO Group. This strategic divestiture of its Asia-Pacific aftermarket business is expected to close in the second half of 2026 and may be viewed by investors as a move to streamline operations and focus on core competencies.
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