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Aimia Inc. (TSE:AIM)
TSX:AIM
Holding TSE:AIM?
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
C$0Last Year’s EPS
-C$0.69Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: 3.53%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with substantial revenue and EBITDA growth, strategic alignment with the largest shareholder, and improved financial metrics. However, some challenges remain with net loss, specific subsidiary EBITDA declines, and external market conditions impacting noncore assets.Company Guidance
During the Aimia Inc. third quarter 2024 earnings call, the executives provided an optimistic outlook based on several key financial metrics. Consolidated revenue increased by 13% to $129.1 million, while adjusted EBITDA rose by 55% to $15 million, attributed to strong performances from core holdings, Bozzetto and Cortland. The company also reported a significant reduction in net loss from $32.5 million to $1.9 million, mainly due to improved core holdings performance and lower investor activism costs. Despite facing macroeconomic challenges, Bozzetto's revenue grew by 13% to $86 million, and its adjusted EBITDA margin improved to 16.9%. Cortland's revenue increased by 12% to $43.1 million, although its adjusted EBITDA saw a slight decline due to advisory fees. The company remains on track to meet its full-year adjusted EBITDA guidance for Bozzetto and Cortland, projected at $80 million to $85 million. Additionally, Aimia announced a strategic review committee aimed at unlocking shareholder value, which includes exploring potential sales or mergers of core holdings. The company's liquidity position improved, with consolidated cash increasing by $7.8 million to $120.6 million, and they continued progress with their normal course issuer bid, purchasing over 2.4 million shares.Double-Digit Revenue and EBITDA Growth
Consolidated revenue grew by 13% to $129.1 million and adjusted EBITDA increased by 55% to $15 million, driven by strong performance of core holdings and reduction in selling, general and administrative expenses.
Strategic Review and Settlement with Mithaq
A strategic review committee was formed to unlock shareholder value, and a settlement was reached with the largest shareholder, Mithaq, aligning on strategic focus and adding Mithaq's nominees to the Board.
Bozzetto's Revenue Growth
Bozzetto generated revenue of $86 million, up 13% year-over-year, driven by contributions from the StarChem acquisition and strong demand in Asia.
Cortland Revenue Growth
Cortland's revenue grew by 12% to $43.1 million, driven by strong sales in North America, particularly in the oil and gas and agriculture industries.
Improved Liquidity Position
Consolidated cash increased by $7.8 million, ending Q3 with $120.6 million in cash, supported by proceeds from a new financing arrangement and positive cash flow from operating activities.
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TSE:AIM 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:AIM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | C$2.55 | C$2.60 | +1.96% |
| Aug 13, 2024 | C$2.70 | C$2.67 | -1.11% |
| May 15, 2024 | C$2.66 | C$2.70 | +1.50% |
| Mar 26, 2024 | C$2.70 | C$2.65 | -1.85% |
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 Aimia Inc. (TSE:AIM) report earnings?
Aimia Inc. (TSE:AIM) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Aimia Inc. (TSE:AIM) earnings time?
Aimia Inc. (TSE:AIM) earnings time is at Mar 26, 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:AIM EPS forecast?
TSE:AIM EPS forecast for the fiscal quarter 2024 (Q4) is C$0.
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