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Exchange Income Corp (TSE:EIF)
TSX:EIF
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.3Last Year’s EPS
0.2Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -3.17%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong overall financial performance with record metrics and strategic growth through acquisitions. However, challenges in specific segments such as the Multi-Storey Windows business and uncertainties related to inflation and tariffs present some concerns. The sentiment remains positive due to the successful integration of strategic acquisitions and robust growth in key segments.Company Guidance
During the conference call, Exchange Income Corporation (EIC) provided guidance for fiscal 2025, projecting an adjusted EBITDA between $690 million and $730 million. The company highlighted record metrics for 2024, including its highest-ever adjusted EBITDA, free cash flow, and adjusted net earnings. Additionally, EIC reported fourth-quarter revenue of $688 million, adjusted EBITDA of $167 million, and free cash flow of $111 million. The Aerospace & Aviation segment saw a revenue increase of 8% to $415 million, with adjusted EBITDA rising by 29% to $140 million. EIC also discussed strategic acquisitions and growth plans, including the acquisition of Canadian North and opportunities for expansion in various segments, despite macroeconomic challenges and inflationary pressures.Record Financial Performance
Exchange Income Corporation achieved the highest adjusted EBITDA, free cash flow, and adjusted net earnings in its history for the year 2024. Revenue was $688 million, adjusted EBITDA was $167 million, and free cash flow was $111 million for Q4 2024.
Strategic Acquisition of Canadian North
The acquisition of Canadian North is a strategic fit for EIC's Essential Air Services business line, with complementary routes and no overlap. This acquisition is expected to enhance service to the North and expand EIC's geographic coverage.
Strong Aerospace & Aviation Segment Growth
The Aerospace & Aviation segment revenue increased by $30 million (8%) to $415 million, with adjusted EBITDA up by 29% to $140 million. Growth was driven by medevac contracts and increased leasing activity.
Environmental Access Solutions Expansion
The acquisitions of Duhamel and Spartan exceeded expectations, contributing to growth in the Environmental Access Solutions business line. The new SYSTEM7-XT mat and FODS product line are seeing strong demand.
Robust M&A Pipeline
EIC's balance sheet is positioned to support future acquisitions without needing new equity capital, with a strong pipeline of merger and acquisition opportunities.
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TSE:EIF 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:EIF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | C$52.42 | C$50.45 | -3.76% |
| Nov 07, 2024 | C$55.01 | C$54.99 | -0.04% |
| Aug 08, 2024 | C$46.24 | C$45.09 | -2.49% |
| May 07, 2024 | C$44.43 | C$44.49 | +0.14% |
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 Exchange Income Corp (TSE:EIF) report earnings?
Exchange Income Corp (TSE:EIF) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Exchange Income Corp (TSE:EIF) earnings time?
Exchange Income Corp (TSE:EIF) earnings time is at May 13, 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:EIF EPS forecast?
TSE:EIF EPS forecast for the fiscal quarter 2025 (Q1) is 0.3.
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