Corporacion America Airports (CAAP)
NYSE:CAAP
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Earnings Data
Report Date
Aug 13, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.57Last Year’s EPS
0.32Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: strong revenue growth (19%), meaningful EBITDA expansion (26%), improved revenue per passenger (+11%), and a stronger balance sheet (liquidity $772M, net leverage 0.5x). Commercial execution and international demand were clear strengths, and strategic progress (Armenia concession extension and $425M investment, Galapagos extension, Iraq/Angola awards) supports future growth. Headwinds included localized domestic softness (Argentina, Italy), mixed cargo volumes, rising SG&A and fuel costs in some markets, and free cash flow pressure in Italy and Ecuador. Overall, positives materially outweigh the negatives.Company Guidance
Strong Top-Line Growth
Total revenues (ex-IFRIC 12) increased 19% year over year, nearly 3x passenger growth. Country highlights: Argentina +16%, Armenia +31%, Brazil +39%. Revenue per passenger rose 11% to $22.70 (from $20.50).
Robust Profitability and Margin Expansion
Adjusted EBITDA (ex-IFRIC 12) increased 26% to $196 million with margin expansion of 2.3 percentage points. Notable contributors: Argentina EBITDA +28% (margin +4.1 pp), Brazil EBITDA +44% (margin +3.7 pp), Armenia EBITDA +34%.
Passenger Traffic Recovery and International Strength
Nearly 22 million passengers in the quarter; total passenger traffic up 7% YoY. International traffic was the main driver, increasing nearly 14% with double-digit international growth in Argentina, Italy and Ecuador. Country-level traffic: Brazil +12%, Italy +7%, Armenia +8.5%, Ecuador +7%, Uruguay +~4%.
Cargo Revenue Momentum
Cargo-related revenues rose 16% year over year, supported by strong contributions from Argentina and Uruguay. Total cargo volume was up 1.7% overall.
Solid Balance Sheet and Liquidity Position
Total liquidity of $772 million (up 8% from $750 million at YE2025). Total debt $1.1 billion; net debt fell to $419 million (from $452 million). Net leverage ratio stood at 0.5x, providing flexibility for investment and shareholder returns.
Strategic Milestones and Growth Pipeline
Significant strategic progress: Armenia concession extended 35 years to 2067 with a $425 million investment program; Galapagos extension in Ecuador; progressing on Baghdad (Iraq) and Luanda (Angola) awards; evaluating additional tenders and M&A opportunities. Company is also considering introduction of a dividend policy.
Strong Commercial Execution
Commercial revenues increased 21%—well ahead of traffic—driven by fuel revenues, cargo, VIP lounges, food & beverage, duty-free and parking. Broad-based double-digit commercial growth across all countries.
CAAP 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
CAAP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $24.94 | $23.85 | -4.37% |
Mar 17, 2026 | $24.93 | $25.57 | +2.57% |
Nov 24, 2025 | $22.44 | $22.80 | +1.60% |
Aug 20, 2025 | $20.81 | $22.24 | +6.87% |
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.
FAQ
When does Corporacion America Airports (CAAP) report earnings?
Corporacion America Airports (CAAP) is schdueled to report earning on Aug 13, 2026, After Close (Confirmed).
What is Corporacion America Airports (CAAP) earnings time?
Corporacion America Airports (CAAP) earnings time is at Aug 13, 2026, After Close (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 CAAP EPS forecast?
CAAP EPS forecast for the fiscal quarter 2026 (Q2) is 0.57.