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Exchange Income Corp (EIFZF)
OTHER OTC:EIFZF
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.27Last Year’s EPS
0.21Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call communicated a strongly positive performance and strategic position: record financial metrics (revenue, adjusted EBITDA, free cash flow, EPS growth), successful simplification of capital structure, attainment of an investment-grade credit rating, strong segment-level EBITDA growth, strategic M&A (Canadian North, Mach2) and clear growth initiatives (composite matting plant, ISR opportunities). Challenges were acknowledged — supply chain and labor shortages, inflationary pressures, wildfire-related interruptions, elevated maintenance and growth CapEx, and underperformance in the multistory window line — but management presented them as manageable headwinds with mitigations in place. Given the breadth and scale of the positive outcomes and the low relative severity of the challenges, the call conveyed an overall constructive outlook with meaningful upside potential.Company Guidance
Record Financial Performance (FY2025)
Company set historical records for revenues, adjusted EBITDA, free cash flow, free cash flow less maintenance CapEx, net earnings and adjusted net earnings on both absolute and per-share bases; Q4 revenue $930M, adjusted EBITDA $216M, free cash flow $165M, adjusted net earnings $58M and net earnings $52M; EPS $0.94 and adjusted EPS $1.06 (increases of 62% and 33% YoY respectively).
Strong Per-Share and Cash Metrics
Free cash flow per share rose 30% to $3.00 and free cash flow less maintenance CapEx per share increased 38% to $1.24 despite a 14% increase in weighted average shares outstanding (driven by convertible debenture conversions and acquisition-related issuances).
Segment EBITDA Growth
Management cited ~20% YoY adjusted EBITDA increases across segments for the year; Q4 segment results showed 27% period-over-period adjusted EBITDA growth in Aerospace & Aviation and 38% growth in Manufacturing, driving consolidated results.
Capital Structure Simplification and Investment-Grade Rating
Redeemed outstanding convertible debentures (majority converted to equity), resulting in lowest leverage in ~15 years (aggregate leverage 2.73x) and an inaugural DBRS investment-grade rating (BBB low, stable), enabling access to long-term fixed-rate bond financing.
M&A and Strategic Wins (Canadian North, Mach2, Air Canada)
Completed the strategic acquisition of Canadian North (July 1) which has exceeded profitability expectations; announced Mach2 acquisition (Q1 2026) to expand narrow-body aftermarket capabilities; expanded Air Canada commercial agreement and expects deployment of additional aircraft starting mid-2026—management has a bias to the mid-to-upper end of 2026 guidance ($8.25–$8.75).
Manufacturing Momentum and Composite Matting Expansion
Environmental Access Solutions delivered a strong finish driven by rentals and mat sales in Canada; U.S. composite System 7XT mat demand is robust and the company is building a new state-of-the-art plant in Saltillo, Mississippi (estimated cost up to US$60M) expected to be operational mid–late 2027.
Improved Working Capital and Cash Conversion
Resolved prior-year collection delays on certain government receivables and returned significant working capital (notably from multistory window solutions), contributing to a strong cash flow finish in 2025 and active working-capital management across subsidiaries.
Industry Tailwinds and Defense/ISR Opportunity
Management highlighted rising demand for ISR and defense-related services, alignment with Canada’s defense industrial strategy, expanding northern infrastructure needs, and multiple international ISR discussions (e.g., Australia, U.K., Netherlands) as a potential multi-year growth vector.
EIFZF 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
EIFZF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $73.71 | $79.56 | +7.93% |
Nov 06, 2025 | $54.36 | $53.04 | -2.43% |
Aug 11, 2025 | $48.59 | $51.42 | +5.83% |
May 12, 2025 | $38.75 | $39.11 | +0.93% |
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 Exchange Income Corp (EIFZF) report earnings?
Exchange Income Corp (EIFZF) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Exchange Income Corp (EIFZF) earnings time?
Exchange Income Corp (EIFZF) earnings time is at May 12, 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 EIFZF EPS forecast?
EIFZF EPS forecast for the fiscal quarter 2026 (Q1) is 0.27.