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Exchange Income Corp T.EIF.DB.L


Primary Symbol: T.EIF Alternate Symbol(s):  EIFZF | T.EIF.DB.J | T.EIF.DB.M | T.EIF.DB.K

Exchange Income Corporation is a Canada-based diversified acquisition-oriented company. The Company operates through two segments: Aerospace & Aviation and Manufacturing. The Aerospace & Aviation segment is comprised of three lines of business: Essential Air Services, Aerospace, and Aircraft Sales & Leasing. Its Essential Air Services includes both fixed wing and rotary wing operations. Aerospace includes its vertically integrated aerospace offerings that provide customized and integrated special mission aircraft solutions primarily to governments across the globe. Aircraft Sales & Leasing includes aftermarket aircraft, engine and parts sales and aircraft and engine leasing, along with aircraft management services. The Manufacturing segment is comprised of three lines of business: Environmental Access Solutions, Multi-Storey Window Solutions and Precision Manufacturing & Engineering. The Company also focuses on portable hydronic (glycol-based) climate-controlled equipment.


TSX:EIF - Post by User

Post by retiredcfon May 12, 2024 12:37pm
278 Views
Post# 36035900

Another View

Another ViewEPS of $0.20 beat estimates of $0.1899 and revenues of $601.77M missed estimates of $607.19M. EIF generated revenue of $602M increasing 14% year-over-year, and its Adjusted EBITDA of $111M also grew by 14%. Free cash flows remained consistent, and management mentioned it likes its visibility on growth through 2025 supported by new long-term contract wins and organic growth. Their debt load increased in the quarter, but it was to fund growth initiatives that should help its profitability in the future. We feel roughly the same about its debt load, it could be better, but we feel it is at least on the right track to improving profitability, growth, and we like it as an income play. (5iResearch)
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