Earnings
November 27, 2020 - CPX
New! Capital Power Corp - Q3-2020 Earnings, Price Target Update .....
November 26, 2020 - INE
New! Innergex Renewable Energy Inc. Q3-2020 Earnings, Price Target Update .....
November 25, 2020 - AQN
Algonquin Power & Utilities Corp. Q3-2020 Earnings, Price Target Update .....
November 22, 2020 - TOU
Tourmaline Oil Corp. Q3-2020 Earnings, Price Target .....
November 22, 2020 - IMO
Imperial Oil Ltd, Q3-2020 Earnings, 2020 Forecast .....
November 22, 2020 - SU
Suncor Energy Inc. Q3-2020 Earnings, Price Target Update .....
November 20, 2020 - CNQ
Canadian Natural Resources Ltd Q3-2020 Earnings, Price Target .....
November 18, 2020 - RPI.UN
Richards Packaging Income Fund - Q3-2020 Earnings, Price Target Update .....
Recommendation Changes
INE, IMO, CNQ, RPI.UN, EIF, more...

Exchange Income Corp. Q3-2020 Earnings, Price Target Update

This is only a sample of the article, please login to view the entire article

Exchange Income Corp. (EIF) operates two segments: Aerospace & Aviation and Manufacturing each contributing 70% and 30% of earnings respectively. The Aerospace & Aviation segment provides airline services to communities in Manitoba, Ontario, Nunavut and eastern Canada and provides aircraft and engine aftermarket parts to regional airline operators around the world. In addition, aerospace business through Provincial and Regional One; designs, modifies, maintains and operates custom sensor equipped aircraft. Moncton Flight College provides pilot training services. The Manufacturing segment consists of niche specialty manufacturers in markets throughout Canada and the United States for on window and building construction systems and custom metal fabrication. Total assets as of Sept-30-2020 were $2.4B, compared to $1.75B as at Dec-31-2017. Asset growth is mainly from acquisitions and to a lesser extent from capital projects. The Aerospace & Aviation segment has historically had the strongest revenues in the second and third quarters, relatively modest in the fourth quarter and the lowest in the first quarter as communities serviced by certain of the airlines are less isolated with the use of winter roads for transportation during the winter. With the diversity of the Manufacturing segment, the seasonality of the segment is relatively flat throughout the fiscal period.

Business Segments

Aerospace & Aviation – includes a variety of operations within the aerospace and aviation industries. It includes providing scheduled airline, charter service, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut. These services are provided by: Calm Air, Perimeter, Bearskin (as a division of Perimeter), Keewatin, Custom Helicopters, the investment in Wasaya, and other aviation supporting businesses (the Legacy Airlines). Regional One is focused on supplying regional airline operators around the world with various after-market aircraft, engines, and component parts. Provincial (comprised of PAL Airlines, the equity investment in Air Borealis, PAL Aerospace, and Moncton Flight College) provides scheduled airline, charter service and emergency medical services in Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia and through its aerospace business Provincial designs, modifies, maintains and operates custom sensor- equipped aircraft. Provincial provides maritime surveillance and support operations in Canada, the Caribbean, and the Middle East. Through Moncton Flight College, Provincial offers a full range of pilot flight training services, from private pilot licensing to commercial pilot programs. Together all these operations make up the Aerospace & Aviation segment.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
November 27, 2020
New! Coverage Universe - Weekly Price Change: Nov 20-27, 2020
November 25, 2020
New! Freehold Royalties Ltd - Subscription Receipts New Issue
November 21, 2020
Firm Capital Mortgage Investment Corp. Common Share New Issue
November 21, 2020
Premium Brands Holding Corp. Common Share New Issue
November 20, 2020
Coverage Universe - Weekly Price Change: Nov 13-20, 2020
November 13, 2020
Coverage Universe - Weekly Price Change: Nov 6-13, 2020
November 7, 2020
Coverage Universe - Weekly Price Change: Oct 30-Nov 6, 2020
October 30, 2020
Coverage Universe - Weekly Price Change: Oct 23-30, 2020