Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Exchange Income Corp (TSE:EIF)
TSX:EIF
Holding TSE:EIF?
Track your performance easily
Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.86Last Year’s EPS
0.7Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -3.43%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with record-breaking metrics, driven by strategic acquisitions and successful contract wins, especially in the Aerospace & Aviation segment. However, challenges in the Manufacturing segment and ongoing supply chain and labor issues were noted. Overall, the sentiment remains positive with optimistic guidance for 2025.Company Guidance
During the Exchange Income Corporation's Q3 2024 earnings call, the company provided guidance for 2025, projecting adjusted EBITDA to range between $690 million and $730 million. The guidance reflects a robust performance from the Aerospace & Aviation segment, which saw record quarterly highs in revenue ($710 million), adjusted EBITDA ($193 million), and free cash flow ($136 million). The Manufacturing segment, despite experiencing some volatility, is showing positive trends with increasing inquiries and bookings. The company's strategic acquisition of Spartan is anticipated to contribute positively, although a temporary plant closure is factored into the guidance. As the company continues to focus on long-term growth, it has set a milestone of surpassing $1 billion in dividends paid to shareholders by year's end.Record-Breaking Financial Performance
The company reported its highest free cash flow and free cash flow less maintenance capital expenditures per share metrics, alongside its second highest net earnings per share in 20 years. The quarter also set records for revenue, adjusted EBITDA, net earnings, and adjusted net earnings.
Strategic Acquisition of Spartan
The acquisition of Spartan was announced, marking a strategic expansion into the U.S. market and the composite mat product line. This acquisition is expected to be accretive to shareholders and will expand the company's Environmental Access Solutions business.
Strong Aerospace & Aviation Segment Performance
Revenue in Aerospace & Aviation increased by 5% to $433 million, and adjusted EBITDA rose by 25% to $155 million, driven by Essential Air Services and Aircraft Sales & Leasing business lines.
Robust Contract Wins and Backlog
The company secured several contracts including a maritime surveillance contract, medevac contracts in various provinces, and a significant booking in the Multi-Storey Window Solutions business.
Increased 2025 Guidance
2025 guidance for adjusted EBITDA is set between $690 million and $730 million, driven by contract wins, organic growth initiatives, and the Spartan acquisition.
---
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 |
|---|---|---|---|
| Nov 07, 2024 | C$55.47 | C$55.45 | -0.04% |
| Aug 08, 2024 | C$46.62 | C$45.47 | -2.47% |
| May 07, 2024 | C$44.80 | C$44.86 | +0.13% |
| Feb 22, 2024 | C$44.58 | C$46.73 | +4.82% |
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 Feb 19, 2025, TBA Not Confirmed.
What is Exchange Income Corp (TSE:EIF) earnings time?
Exchange Income Corp (TSE:EIF) earnings time is at Feb 19, 2025, TBA Not 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 2024 (Q4) is 0.86.
---