05:31 PM EDT, 08/11/2025 (MT Newswires) -- Exchange Income ( EIFZF ) , a diversified, acquisition-oriented company focused on opportunities in the Aerospace & Aviation and Manufacturing segments, after trade Monday reported improved earnings for the second quarter on higher, but less than expected, revenues, while it now expects an Adjusted EBITDA range of $725-$765 million in 2025, an increase of $35 million from prior issued guidance.

The company reported record second-quarter earnings of $40 million, or $0.78 per share, up from $33 million, or $0.69, in the year-prior quarter.

Adjusted earnings, excluding most one-time items, rose to $47 million, or $0.92 from $38 million, or $0.80, an increase of 15%.

It generated record quarterly revenue of $719.24 million, up 9%, from $660.58 million a year earlier. The FactSet forecast was $733.6 million.

Among highlights, EIF earned record second quarter Adjusted EBITDA of $177 million, representing growth of $20 million over the prior period or 13% and a Free Cash Flow second quarter record of $123 million, an increase of $23 million or 23%, and record Free Cash Flow per share of $2.40 compared to the prior year of $2.13.

It had a trailing 12 month free cash flow less maintenance capital expenditures payout ratio of 63% compared to the prior period of 61%.

On outlook, EIF updated its 2025 fiscal year guidance, with the completion of the Canadian North acquisition, and expects an Adjusted EBITDA range of $725 million to $765 million, which is an increase of $35 million from the previously issued guidance. It will provide its 2026 guidance with third quarter reporting in November 2025. "However," it said, "we are very bullish about the long-term prospects of EIC as our exposures to secular trends provides very favorable prospects for our various business lines."

The company's shares closed up $0.43 to $68.05 on the Toronto Stock Exchange, and touched a 52-week high of $68.22 during the session