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Cargojet Inc (TSE:CJT)
TSX:CJT
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.09Last Year’s EPS
1.86Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 17, 2025
|% Change Since: -24.03%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong performance with significant revenue growth and operational improvements. However, the company faces challenges related to cost pressures and external factors like labor disputes and inflation, which could impact future margins.Company Guidance
During Cargojet's Q4 2024 conference call, the company reported a 32% revenue growth compared to the previous year, reaching $1 billion in annual revenue for the first time. The ACMI segment grew by 29%, and charter revenue soared by 136%. Adjusted EBITDA rose by 12.4% to $91.7 million, with block hours increasing by 16%. Cargojet maintained a net debt to adjusted EBITDA leverage ratio of 2.3 times, down from 2.6 times in 2023, despite repurchasing 1.1 million shares for $128.8 million. The company plans to expand its fleet with four new 767-300 freighter aircraft, adjusting for one lease return, resulting in a net increase of three aircraft. Expected capital expenditures for 2025 include $80-$85 million for growth and $160-$180 million for maintenance. Cargojet remains optimistic about future opportunities, especially in the charter segment, despite potential supply chain disruptions due to tariffs.Exceptional Revenue Growth
Cargojet reported a 32% overall revenue growth for Q4 2024, reaching a historic milestone of $1 billion in revenue for the fiscal year.
Record Revenue in ACMI and Charter Segments
ACMI revenue grew by 29% and all-in charter revenue surged by 136% compared to the same quarter last year.
Improvement in Leverage Ratio
The net debt to adjusted EBITDA leverage ratio improved to 2.3 times as of December 31, 2024, from 2.6 times at the end of 2023.
Strong Operational Cash Flow
Operational cash flow for Q4 was $103.6 million, significantly higher than the $31 million from the previous year.
On-Time Performance Excellence
Cargojet achieved a 99.1% on-time performance, surpassing customer targets despite challenging conditions.
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TSE:CJT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CJT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | C$138.32 | C$129.28 | -6.53% |
| Aug 13, 2024 | C$120.22 | C$123.25 | +2.52% |
| Apr 29, 2024 | C$114.62 | C$118.75 | +3.61% |
| Feb 26, 2024 | C$115.72 | C$112.22 | -3.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cargojet Inc (TSE:CJT) report earnings?
Cargojet Inc (TSE:CJT) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Cargojet Inc (TSE:CJT) earnings time?
Cargojet Inc (TSE:CJT) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CJT EPS forecast?
TSE:CJT EPS forecast for the fiscal quarter 2025 (Q1) is 1.09.
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