Earnings... Diversification, leadership and balance sheet strength key to weathering the pandemic
WINNIPEG, May 12, 2020 /CNW/ - Exchange Income Corporation (TSX: EIF) (the "Corporation" or "EIC"), a diversified, acquisition-oriented company focused on opportunities in the aviation, aerospace and manufacturing sectors, reported its financial results for the three months ended March 31, 2020. All amounts are in Canadian currency.
Q1 Financial Highlights
- Revenue grew 3% to $307 million
- EBITDA decreased by 10% to $57 million
- Adjusted Net Earnings per share decreased 85% to $0.06 per share
- Trailing twelve-month Adjusted Net Earnings payout ratio increased to 82% from 75%
- Trailing twelve-month Free Cash Flow less Maintenance Capital Expenditures payout ratio increased to 68% from 56%