GDI Integrated Reports Growth Amidst Net Income Dip

GDI Integrated (TSE:GDI) has released an update.

GDI Integrated Facility Services Inc. reported a 9% revenue increase to $644 million in Q1 2024, with a notable contribution from acquisitions. Although Adjusted EBITDA reached $28 million, net income saw a significant drop to $0.4 million, or $0.02 per share, primarily due to increased depreciation and amortization expenses. The company’s Business Services segments in both Canada and the USA showed positive performance, with the US segment achieving $225 million in revenue.

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