Chorus Aviation Q2 adjusted EPS rises 54% to C$0.83

MarketBeat··CA·Read original
2▲0 ▼0Impact / 5
Summary · why it matters

Chorus Aviation reported second-quarter adjusted earnings per share of C$0.83, a 54% increase from a year earlier. Adjusted EBITDA was C$50.7 million, essentially flat, as higher contributions from Voyageur and newly acquired KADEX Aero Supply offset contractual reductions in fixed-margin and leasing revenue under the Air Canada capacity purchase agreement. KADEX contributed C$16.4 million in revenue and C$1.2 million in net income in its first quarter under Chorus, exceeding initial expectations. The company generated C$72.6 million in free cash flow and aircraft-sale proceeds during the quarter, repurchased C$14.8 million of shares, and paid its C$0.11 quarterly dividend. Chorus reaffirmed full-year guidance and is tracking toward the upper end of its range.

Impact on assets 2

Industrials▲ · 1 stocks
Air Canada
0SE9
± MixedDemandrelevance

Contractual reductions in fixed-margin and leasing revenue under the Air Canada capacity purchase agreement were mentioned, but impact on Air Canada is indirect.

Spatial Computing / AR/VR▲ · 1 stocks

Off-coverage companies 3

Chorus Aviation IncPrivate▲ Positive
Capitalrelevance

Q2 adjusted EPS rose 54% to C$0.83, with strong free cash flow and share buybacks.

KADEX Aero Supply LtdPrivate▲ Positive
Capitalrelevance

KADEX contributed C$16.4M revenue and C$1.2M net income in its first quarter, exceeding expectations.

Voyageur Aviation CorpPrivate▲ Positive
Demandrelevance

Higher contributions from Voyageur offset revenue declines, indicating strong performance.

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