Q4 2021 Enerflex Ltd Earnings Call

Ladies and gentlemen, thank you for standing by and welcome to the <unk> fourth quarter and year end 2021 results conference call. At this time all participants are in a listen only mode. After the speaker's presentation there'll be a question and answer session to ask a question. During the session you depressed star one on your telephone if you require any further assistance. Please press star Zero I would now like to turn the call over to your host.

Stefan Ali Vice President Investor Relations strategy, you may begin.

Thank you operator, and good morning, everyone here with me are Marc Rossiter, <unk>, President and Chief Executive Officer, Sanjay <unk> and reflects a senior Vice President and Chief Financial Officer, and Ben Park, <unk>, Vice President corporate controller. During this call, we'll be providing our financial results for the three months ended December 31, 2021, a brief commentary on the <unk>.

The format of our three business segments, and a summary of our financial position.

Today's discussion will include forward looking statements regarding <unk> expectations for future performance and business prospects forward looking information involve risks and uncertainties and the stated expectations could differ materially from actual results or performance for more information. Please see the advisory comments within our news release MD&A and other regulatory filings.

Approximately one hour following the completion of this call a recording will be available on our website under the investors section.

During this call unless otherwise stated we'll be referring to the three months ended December 31, 2021 compared to the same period of 2020.

We'll proceed on the basis that you've all taken the opportunity to read yesterday's press release, I'll now turn the call over to Mark.

Thanks, Stephanie and good morning, everyone.

<unk> 2021 of transition year would be an understatement, we entered the year at the very low backlog no vaccinations and the pervasive global uncertainty in the energy markets. The advent of vaccines has since led to a broader reopening of economies and robust demand recovery for oil natural gas and natural gas liquids.

Though our customers are continuing to exercise discipline in capital spending good projects with strong long term returns tend to get funded and supported fundamentals have led to demand for everything from gas compression to gas processing to electric power solutions.

It reflects the fourth quarter results benefited from this momentum delivering our highest quarterly revenue since the beginning of the pandemic.

We continue to see healthy demand across each of our global regions as evidenced by the strong engineered systems bookings of over $320 million.

The recovery has been broad based.