The earnings call reflects a strong performance with record-breaking financial metrics and strategic acquisitions, despite challenges such as tariffs and forest fires impacting certain operations.

Company Guidance -

Q3 2025

In the recent conference call, Exchange Income Corporation (EIC) provided a robust outlook for the remainder of 2025, highlighting significant metrics and strategic moves. The company reported record revenues of $720 million for the second quarter, the highest in any quarter in its history. EIC also achieved Q2 high watermarks in key financial metrics, including adjusted EBITDA of $177 million, free cash flow of $123 million, net earnings of $40 million, and adjusted net earnings of $47 million. The company updated its 2025 EBITDA guidance, increasing the range to $725 million to $765 million, now incorporating the financial results of Canadian North following its acquisition. The acquisition is viewed as highly strategic, adding valuable infrastructure and assets, and the company anticipates generating significant returns by the end of 2026. Additionally, EIC announced a long-term air services agreement with the government of Nunavut, positioning Canadian North and Calm Air as the sole service providers for the region, further enhancing EIC's unique value proposition. Despite uncertainties due to geopolitical events and tariffs impacting their multistory window solutions business line, EIC remains optimistic about the long-term fundamentals and is actively exploring options to mitigate these challenges. The company is also managing increased maintenance capital expenditures and growth capital expenditures, particularly in the Aerospace and Aviation segment, with plans to invest in new King Air aircraft for the BC Medevac contract. Overall, EIC continues to demonstrate resilience and strategic foresight, aiming to capitalize on opportunities for organic growth and acquisitions while maintaining a strong balance sheet.

Record-Breaking Revenue and Growth

EIC achieved its highest quarterly revenue in history at $720 million, with record metrics in adjusted EBITDA, free cash flow, net earnings, and adjusted net earnings.

Successful Canadian North Acquisition

Completed the acquisition of Canadian North and signed a long-term services agreement with the government of Nunavut, positioning EIC for strategic growth.

Increased 2025 EBITDA Guidance

Updated 2025 EBITDA guidance from $725 million to $765 million, inclusive of Canadian North's financial results.

Manufacturing Segment Growth

Revenue in the manufacturing segment increased by 13% to $265 million, with adjusted EBITDA up by 26% to $44 million, driven by strong demand in Environmental Access Solutions.

Strong Financial Position

The company maintains a strong balance sheet with significant liquidity, and leverage ratios remain near historical norms.

Exchange Income (TSE:EIF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:EIF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	1.45 / -	1.18	―	―	―
Aug 11, 2025	2025 (Q2)	0.90 / 0.92	0.77	19.48% (+0.15)	―	―
May 12, 2025	2025 (Q1)	0.28 / 0.28	0.2	40.00% (+0.08)	―	―
Feb 26, 2025	2024 (Q4)	0.82 / 0.80	0.7	14.29% (+0.10)	―	―
Nov 07, 2024	2024 (Q3)	1.21 / 1.18	1.09	8.26% (+0.09)	―	―
Aug 08, 2024	2024 (Q2)	0.83 / 0.77	0.93	-17.20% (-0.16)	―	―
May 07, 2024	2024 (Q1)	0.18 / 0.20	0.27	-25.93% (-0.07)	―	―
Feb 22, 2024	2023 (Q4)	0.72 / 0.70	0.73	-4.11% (-0.03)	―	―
Nov 09, 2023	2023 (Q3)	1.18 / 1.09	1.34	-18.66% (-0.25)	―	―
Aug 10, 2023	2023 (Q2)	0.96 / 0.93	0.9	3.33% (+0.03)	―	―

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
Aug 11, 2025	C$68.05	C$73.22	+7.60%
May 12, 2025	C$55.26	C$55.68	+0.76%
Feb 26, 2025	C$51.41	C$49.48	-3.75%
Nov 07, 2024	C$53.95	C$53.94	-0.02%

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 (TSE:EIF) report earnings?

Exchange Income (TSE:EIF) is schdueled to report earning on Nov 06, 2025, After Close (Confirmed).

What is Exchange Income (TSE:EIF) earnings time?

Exchange Income (TSE:EIF) earnings time is at Nov 06, 2025, 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 2025 (Q3) is 1.45.

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