Dexterra Group Inc. (TSE:DXT) has released an update.
Dexterra Group Inc. reported a solid first quarter in 2024 with revenue up by 7.2% to $231.6 million, driven by new contract wins and robust activity. Despite a slight dip in Q1 adjusted EBITDA to $19.6 million, the company witnessed a significant turnaround in free cash flow, which rose to $10.6 million from a deficit the previous year. Meanwhile, a net loss of $3.6 million was primarily due to losses in discontinued modular operations, which they are in the process of divesting.
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