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Corporacion America Airports (CAAP)
NYSE:CAAP
Earnings Data
Report Date
May 21, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.56Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial picture: record passenger traffic, revenues growing faster than traffic, substantial commercial revenue upside, meaningful adjusted EBITDA growth and margin expansion, improved liquidity and lower net debt, plus strategic concession extensions and new awards. Weaknesses were localized: Ecuador and parts of Italy and Uruguay showed lower EBITDA, cargo volumes were mixed, and geopolitical risks (notably the war affecting Armenia and Middle East tensions) create execution and demand uncertainty. On balance, highlights materially outweigh the lowlights.Company Guidance
Record Passenger Traffic
Total passenger traffic reached a record 22,300,000 for the year with Q4 passenger traffic up just over 9% year-over-year; international traffic +12% and domestic traffic +~7%.
Revenue Growth Outpacing Traffic
Total revenues (ex IFRIC 12) increased 17% year-over-year, nearly double the passenger growth rate; revenue per passenger rose ~8% to $20.8 (from $19.4).
Strong Commercial Performance
Commercial revenues grew 60% year-over-year driven by cargo, fuel, VIP lounges, parking and duty free, significantly above passenger growth.
Cargo Revenue Strength
Cargo revenues increased 22% year-over-year, with notable contributions from Argentina, Uruguay and Brazil despite mixed volume trends.
Meaningful EBITDA Growth and Margin Expansion
Adjusted EBITDA (ex IFRIC 12) was up nearly 40% to $211.0M in Q4; excluding a $110M COVID-related 2024 Brazil item and a $32.5M arbitration award, adjusted EBITDA increased 33.3% to $178.0M with margin expansion of 4.6 percentage points to 38.3%.
Standout Market Performance — Argentina & Armenia
Argentina: passenger traffic +~9% and aeronautical revenues +21%; Argentina adjusted EBITDA +43% with a 7.5 percentage-point margin expansion. Armenia: passenger traffic +~14% and adjusted EBITDA +15% (record passenger levels).
Improved Liquidity and Deleveraging
Total liquidity increased 36% to $750.0M (from $526.0M) and net debt fell to $502.0M from $780.0M, resulting in a net leverage ratio of 0.7x.
Strategic Wins and Portfolio Visibility
Secured a 35-year concession extension in Armenia (through 2067) with a $425.0M investment program, a six-year extension in Galapagos, and awards/selection as preferred leader for concessions in Baghdad (Iraq) and Luanda (Angola).
Industry Recognition
Multiple awards: Aeropuertos Argentina named best airport operator in South America; Brasilia ranked #2 worldwide in punctuality among medium airports; Carrasco recognized best in its LATAM category; Varna received European recognition.
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 |
|---|---|---|---|
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% |
May 22, 2025 | $21.74 | $21.19 | -2.53% |
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 May 21, 2026, After Close (Confirmed).
What is Corporacion America Airports (CAAP) earnings time?
Corporacion America Airports (CAAP) earnings time is at May 21, 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 (Q1) is 0.56.