Strong Financial Performance
Chorus reported adjusted earnings per share of $0.66, an increase of $0.59 per share over Q2 2024. Adjusted EBITDA was $51.3 million, an increase of $0.8 million over Q2 2024, and free cash flow increased by $6.4 million to $34.6 million.
Strategic Acquisition of Elisen & Associates Inc.
Chorus announced the acquisition of Elisen & Associates Inc., a leading provider of aerospace engineering and certification services, to enhance its specialized MRO capabilities.
Voyageur's Record Revenue Year
Voyageur is on track for a record year with expected total revenue of approximately $150 million, driven by growth in part sales, specialty MRO, and defense business.
Initiation of Quarterly Dividend
Chorus announced a quarterly dividend of $0.08 per common share, with plans to distribute approximately 25% of free cash flow after debt repayments as dividends.
Improved Market Prices for Dash 8-400
Chorus anticipates average net proceeds of USD 6 million to USD 7.5 million each for Dash 8-400 aircraft sales, reflecting improved market prices.