GDI Integrated Facility Services Reports 6% Increase in Revenue for Q4 2023

GDI Integrated Facility Services (GDI IFS) reported a 6% increase in revenue to $622 million for Q4 of fiscal 2023, with a 12% increase for the year. CEO Claude Bigras is confident in the company’s performance and growth prospects for 2024. The Business Service USA segment experienced a notable 10% organic growth and a 14% increase in adjusted EBITDA, while the Technical Service segment saw a decline in organic growth. GDI IFS aims to capture major clients in the US and reduce working capital by $50-60 million by the end of 2024, with a focus on organic growth and acquisitions.