Exchange Income Corp (TSE:EIF)
TSX:EIF
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.05Last Year’s EPS
0.92Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong, broad-based operational and financial outperformance — double-digit revenue and EBITDA growth, material earnings and free cash flow gains, investment-grade rating and expanded liquidity. Key growth drivers include Aerospace & Aviation (acquisitions, leasing, ISR momentum) and accelerating demand in several Manufacturing subsegments (composite matting, specialty fabrication, precision manufacturing). Near-term headwinds include a Q1 manufacturing revenue/profit dip (but with improving momentum), tariff impacts on windows, elevated maintenance CapEx, foreign-exchange translation headwinds and geopolitical/fuel-supply uncertainty. On balance, the positives (record metrics, balance sheet improvements, strategic wins and visible momentum) outweigh the challenges.Company Guidance
Strong top-line and margin expansion
Revenue increased 30% year-over-year to $867 million for Q1 FY2026; Adjusted EBITDA rose 27% to $166 million. Management noted record results across key metrics despite macro volatility.
Material earnings and per-share growth
Adjusted net earnings were $34 million (+139% YoY) and net earnings were $28 million (+287% YoY). Earnings per share of $0.50 (up 257%) and adjusted net earnings per share of $0.61 (up 118%).
Strong free cash flow and per-share cash generation
Free cash flow was $120 million; free cash flow per share increased 33% to $2.14. Free-cash-flow maintenance CapEx per share increased 46% to $0.73, reflecting higher maintenance activity.
Balance sheet strength and liquidity
EIC achieved an investment-grade corporate rating (DBRS BBB low, stable outlook), issued $600 million of unsecured notes at 4.324% (upsized from $400M and significantly oversubscribed) and reports over $2 billion of available liquidity; aggregate leverage is near 15‑year lows.
Aerospace & Aviation momentum
Growth driven by acquisitions (Canadian North, Mach2), stronger passenger loads, medevac contracts, higher tempo ISR flying and additional U.K. Home Office capacity. Aircraft Sales & Leasing saw increasing lease rates and robust demand for parts and whole-aircraft transactions.
Manufacturing forward momentum and large orders
Although Q1 revenue/profitability moderated, management reported accelerating momentum: record orders (e.g., stainless tankmaker received its largest-ever order — roughly twice its previous largest single order for a U.S. data farm), and the U.S. composite mat plant (Saltillo, MS) is on time and on budget (estimated $60M project). Majority of 2026 U.S. composite production already sold out.
Operational wins in ISR and defence positioning
Air Greenland missionization contract for two surveillance aircraft nearing completion; continued inbound government interest internationally for ISR capabilities, building a growing footprint across Arctic/North Atlantic partners.
M&A and organic optionality
Acquisitions (Canadian North, Mach2) are contributing to results and strategic optionality; management emphasizes opportunistic M&A discipline supported by strong liquidity and an active pipeline.
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
TSE:EIF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | C$97.89 | C$104.36 | +6.61% |
Feb 24, 2026 | C$100.59 | C$107.41 | +6.77% |
Nov 06, 2025 | C$76.33 | C$74.58 | -2.28% |
Aug 11, 2025 | C$66.45 | C$71.50 | +7.60% |
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 (TSE:EIF) report earnings?
Exchange Income Corp (TSE:EIF) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Exchange Income Corp (TSE:EIF) earnings time?
Exchange Income Corp (TSE:EIF) earnings time is at Aug 06, 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 TSE:EIF EPS forecast?
TSE:EIF EPS forecast for the fiscal quarter 2026 (Q2) is 1.05.