Record-High Quarterly Financial Metrics
EIC set all-time high watermarks for key financial metrics including revenue, adjusted EBITDA, net earnings, adjusted net earnings, free cash flow, and free cash flow less maintenance capital expenditures. Revenue increased to $960 million, adjusted EBITDA to $231 million, and net earnings to $69 million for the third quarter of 2025.
Successful Acquisition of Canadian North
The acquisition of Canadian North is viewed as a strategic success, cementing EIC's position in Northern Aviation. The integration is proceeding as planned, and the acquisition is expected to meet profitability and cash flow requirements by late 2026.
Strong Aerospace & Aviation Segment Performance
Revenue in the Aerospace & Aviation segment increased by 57% to $680 million, with adjusted EBITDA increasing by 30% to $202 million. The segment saw strong demand and improvements in various business lines, including medevac contracts.
Dividend Increase
EIC increased its dividend from $2.64 to $2.76 per annum, reflecting a 5% increase, driven by a 25% growth in earnings and a 17% increase in earnings per share year-to-date.