While the company?s Argentina operations are pegged to the U.S. dollar, its liquid assets in the local currency were exposed to foreign-currency fluctuations. The company incurred approximately C$41 million of foreign-exchange losses as the Argentinian peso declined in value by over 90% relative to the Canadian dollar this year. The exchange rate has stabilized since the end of the third quarter. The cash flow impact was partially offset by interest income on associated instruments. Enerflex reaffirmed its $380 million-$420 million (C$514 million-C$568 million) company-adjusted EBITDA guidance in its third-quarter update, which reflected its strong Engineered Systems backlog and the steady fee-based revenue from its Infrastructure and Aftermarket product lines. We revised our S&P Global Ratings-adjusted EBITDA expectations for 2023 to
