Overview

* Exchange Income ( EIFZF ) Q3 revenue reaches record C$960 mln, beating analyst expectations

* Adjusted EBITDA for Q3 beats analyst estimates, reaching C$231 mln

* Company announces C$0.12 per annum dividend increase, simplifying capital structure

Outlook

* EIC expects 2026 Adjusted EBITDA between C$825 mln and C$875 mln

* Company maintains 2025 Adjusted EBITDA guidance of C$725 mln to C$765 mln

Result Drivers

* AEROSPACE & AVIATION GROWTH - Revenue in Aerospace & Aviation segment increased by C$247 mln, driven by Canadian North acquisition and improved load factors

* MANUFACTURING CHALLENGES - Manufacturing segment faced tariffs and operational inefficiencies, offset by strong US composite matting performance

* DIVERSIFIED MODEL - Record results attributed to diversified business model and strategic acquisitions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat C$960 C$846.20

Revenue mln mln (10

Analysts

)

Q3 Miss C$1.29 C$1.43

Adjusted (10

EPS Analysts

)

Q3 Miss C$76 mln C$77.10

Adjusted mln (8

Net Analysts

Income )

Q3 Net C$69 mln

Income

Q3 Beat C$231 C$228.10

Adjusted mln mln (11

EBITDA Analysts

)

Q3 Free C$171

Cash mln

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the airlines peer group is "buy"

* Wall Street's median 12-month price target for Exchange Income Corp ( EIFZF ) is C$84.00, about 9.9% above its November 6 closing price of C$75.69

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

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.)