Overview

* Chorus Q3 adjusted net income beats analyst expectations

* Adjusted EBITDA for Q3 exceeds analyst estimates

* Company announces $50 mln share repurchase plan and aircraft sales

Outlook

* Voyageur expects 2025 revenue between C$140.0 mln and C$145.0 mln

* Chorus forecasts 2025 capital expenditures of C$32.5 mln to C$47.5 mln

Result Drivers

* FOREIGN EXCHANGE LOSSES - Net income impacted by C$12.8 mln in unrealized foreign exchange losses

* LOWER INTEREST EXPENSE - Adjusted earnings rose due to C$5.7 mln decrease in net interest costs

* STRATEGIC SHIFT - Voyageur division focusing on higher-margin sectors like defense and parts sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$323.57

Operatin mln

g

Revenue

Q3 Beat C$15.37 C$15.10

Adjusted mln mln (4

Net Analysts

Income )

Q3 Net C$10.67

Income mln

Q3 Beat C$51.57 C$51 mln

Adjusted mln (4

EBITDA Analysts

)

Q3 C$298.72

Operatin mln

g

Expenses

Q3 C$24.85

Operatin mln

g Income

Q3 C$16.48

Pretax mln

Profit

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)