Overview

* Firan Technology ( FTGFF ) Q2 revenue rises 25.6%, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats analyst expectations

* FLYHT acquisition achieves profitability; AFIRS Edge+ certified for Boeing 737NG

Outlook

* Company sees strong end market demand across all segments

* FTG anticipates no material impact from current exchange rates

* Company notes uncertainty around US tariffs remains

* FTG strategically investing capital for future shareholder returns

Result Drivers

* STRONG MARKET DEMAND - FTG reports robust demand across all market segments, contributing to a 25.6% revenue increase

* FLYHT PROFITABILITY - FLYHT acquisition turned profitable in Q2, earlier than anticipated, enhancing FTG's commercial aerospace segment

* AFIRS EDGE+ CERTIFICATION - Transport Canada Civil Aviation certification for Boeing 737NG could expand market opportunities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat C$48.70 C$47.90

Revenue mln mln (3

Analysts

)

Q2 Beat C$0.14 C$0.11

Adjusted (3

EPS Analysts

)

Q2 EPS C$0.13

Q2 Net C$3.50

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for Firan Technology Group Corp ( FTGFF ) is C$14.00, about 11.3% above its July 8 closing price of C$12.42

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

(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.)