Chorus Aviation Q3 adjusted net income beats analyst expectations
Overview
Chorus Q3 adjusted net income beats analyst expectations
Adjusted EBITDA for Q3 exceeds analyst estimates
Company announces $50 mln share repurchase plan and aircraft sales
Outlook
Voyageur expects 2025 revenue between C$140.0 mln and C$145.0 mln
Chorus forecasts 2025 capital expenditures of C$32.5 mln to C$47.5 mln
Result Drivers
FOREIGN EXCHANGE LOSSES - Net income impacted by C$12.8 mln in unrealized foreign exchange losses
LOWER INTEREST EXPENSE - Adjusted earnings rose due to C$5.7 mln decrease in net interest costs
STRATEGIC SHIFT - Voyageur division focusing on higher-margin sectors like defense and parts sales
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Operating Revenue |
| C$323.57 mln |
|
Q3 Adjusted Net Income | Beat | C$15.37 mln | C$15.10 mln (4 Analysts) |
Q3 Net Income |
| C$10.67 mln |
|
Q3 Adjusted EBITDA | Beat | C$51.57 mln | C$51 mln (4 Analysts) |
Q3 Operating Expenses |
| C$298.72 mln |
|
Q3 Operating Income |
| C$24.85 mln |
|
Q3 Pretax Profit |
| C$16.48 mln |
|
Press Release: ID:nCNWtLDNNa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
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