Bullboard - Stock Discussion Forum Exchange Income Corp T.EIF

Alternate Symbol(s): EIFZF | T.EIF.DB.J | 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... see more

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TSX:EIF - Post Discussion

Exchange Income Corp > Another View

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Post by retiredcf on Nov 17, 2024 7:01am

Another View

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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