FLINT Secures $451 million in New Contract Awards and Renewals

Executive Summary

• FLINT Corp. announced additional contract awards and renewals valued at approximately $451 million, increasing its total backlog to roughly $771 million (including the $320 million disclosed earlier).
• About 30% of the newly added work is slated for execution in 2026, with the remaining balance scheduled across 2027‑2031.
• The expanded backlog underscores strong customer confidence and supports FLINT’s long‑term outlook for growth in its energy and industrial service segments.

Key Details

• Backlog Increase: New contracts/renewals add ~$451 million of work to the existing $320 million backlog announced on Oct 28, 2025.
• Execution Timeline: ~30% of the $451 million will be performed in 2026; the rest is spread over 2027‑2031.
• Service Offerings Covered: Core service lines including construction, maintenance, turnaround, wear technology, and environmental services for oil & gas (upstream, midstream, downstream), petrochemical, mining, power, agriculture, forestry, infrastructure, and water treatment sectors.
• CEO Statement: Barry Card highlighted that the additional backlog “reinforces the confidence our customers place in our capabilities” and affirms FLINT’s disciplined execution, safety, and operational excellence.
• Financial Impact (Forward‑Looking): Management expects the expanded backlog to contribute positively to revenue growth and earnings through 2031, subject to execution risk and macro‑economic factors outlined in the forward‑looking disclaimer.

Notable Quotes

“FLINT continues to strengthen its long‑term outlook… The increase in backlog reinforces the confidence our customers place in our capabilities.” – Barry Card, Chief Executive Officer

Materiality Assessment: Material – Positive** (the announcement materially enhances FLINT’s revenue pipeline and market perception).