Bullboard - Stock Discussion Forum 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

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 May 12, 2024 12:37pm

Another View

EPS 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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