Exchange Income Corp T.EIF.DB.J

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

Industrials Airlines

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.

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Exchange Income Corp

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Post by retiredcfon Nov 17, 2024 7:01am

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EPS of $1.29 beat estimates of $1.21; revenue of $709.8M missed estimates of $750.7M. EBITDA of $192.9M beat estimates by 3.4%. Revenue rose 3.2%. EBITDA rose 15%. EBITDA 2025 guidance calls for $690M to $730M, vs estimates $705M. 12-month payout ratio is solid at 60%. We are quite comfortable here. The $120M Spartan deal looks good. EIF is already in the sector, and only $18M in shares are part of the compensation, so there is not a lot of dilution here. Its recycable composite mats allow for cheaper transportation and have other benefits to customers. The deal is accretive. (5iResearch)

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