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Last C$24.20 CAD
Change Today -0.22 / -0.90%
Volume 190.2K
EIF On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:00 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

exchange income corp (EIF) Snapshot

Open
C$24.52
Previous Close
C$24.42
Day High
C$24.65
Day Low
C$24.00
52 Week High
08/20/15 - C$26.97
52 Week Low
10/15/14 - C$14.55
Market Cap
556.9M
Average Volume 10 Days
204.9K
EPS TTM
C$0.85
Shares Outstanding
23.0M
EX-Date
08/27/15
P/E TM
28.4x
Dividend
C$1.92
Dividend Yield
7.21%
Current Stock Chart for EXCHANGE INCOME CORP (EIF)

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exchange income corp (EIF) Details

Exchange Income Corporation engages in aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located primarily in Manitoba, Ontario, Nunavut, and Alberta. This segment also supplies various after-market aircraft, engines, and component parts to regional airline operators. The Manufacturing segment manufactures stainless steel tanks, vessels, and processing equipment; heavy duty pressure washing and steam systems; custom tanks for the transportation of various products primarily oil, gasoline, and water; and precision sheet metal and tubular products. This segment also focuses on the engineering, design, manufacturing, construction, maintenance, and service of wireless towers and other communication facilities in Canada; and distributes Hotsy pressure washing cleaning equipment used for various light commercial and industrial applications. Exchange Income Corporation is headquartered in Winnipeg, Canada.

2,420 Employees
Last Reported Date: 02/19/15

exchange income corp (EIF) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: C$578.8K
President
Total Annual Compensation: C$461.5K
Chief Operating Officer
Total Annual Compensation: C$322.2K
Chief Executive Officer of Regional One Inc
Total Annual Compensation: C$596.4K
Chief Corporate Development Officer and Membe...
Total Annual Compensation: C$342.7K
Compensation as of Fiscal Year 2014.

exchange income corp (EIF) Key Developments

Tamara Schock to Join Exchange Income Corporation as Chief Financial Officer, Late in the Third Quarter or Early in the Fourth Quarter of 2015

Exchange Income Corporation announced that its new Chief Financial Officer will be Ms. Tamara Schock. Ms. Schock is a Partner at Deloitte LLP where she has worked for most of her nearly 20 year professional accounting career. She has extensive experience dealing with multi-national public companies in the financial services and manufacturing sectors. Her experience also includes providing acquisition advisory services to private equity firms and financial institutions. Ms. Schock will be joining the corporation late in the third quarter or early in the fourth quarter of 2015.

Exchange Income Corporation Announces Change in Chief Financial Officer; Increases Monthly Dividend, Payable on September 15, 2015; Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Exchange Income Corporation announced that effective August 12, 2015, Mr. Edward (Ted) Mahood has resigned as Chief Financial Officer of the Corporation to pursue other opportunities. The company announced that the company have hired a CFO to replace Mr. Mahood who has extensive experience dealing with diversified international public companies. The company will be announcing the individual and providing further details upon her completing certain commitments to her existing organization which is expected to occur next week. In the interim, Mr. David Patrick, Assistant Vice President Finance, who has worked under the Corporation's Chief Financial Officers since 2007, will act as Interim Chief Financial Officer of the Corporation. The board of directors of the company approved a dividend increase of 10% to CAD 0.16 per share per month or CAD 1.92 on an annualized basis. The dividend increase is the Corporation's second in nine months and tenth in the past 11 years. The dividend increase will take effect with the August 2015 dividend declared. The dividend will be payable September 15, 2015 to shareholders of record at the close of business on August 31, 2015. The company announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's revenue was CAD 196.2 million compared with CAD 134.2 million a year ago. The increase was due to a combination of factors stemming from the corporation's recent acquisitions and growth investment initiatives. EBITDA was CAD 48.1 million compared with CAD 22.3 million a year ago. The improvement in the Aviation segment was driven by three factors, the largest being the acquisition of Provincial at the beginning of fiscal 2015. The second factor was the strong performance of the Legacy airlines, increasing their collective EBITDA by 59% over the comparative period. This improvement was attributable to a culmination of factors including: the benefits of previously made growth capital expenditures; reduced fuel costs; 'normal' weather in central Canada; and targeted restructuring initiatives. The third factor was Regional One more than doubling its comparative period EBITDA which was the result of previous investments made towards increasing its lease portfolio of aircraft and engines as well as parts inventory available for sale. Net earnings were CAD 13.4 million or CAD 0.58 per basic share compared with CAD 1.3 million or CAD 0.06 per basic share a year ago. Adjusted net earnings were CAD 16.5 million or CAD 0.71 per basic share compared with CAD 2.99 million or CAD 0.14 per basic share a year ago. Total maintenance capex was CAD 17.8 million compared with CAD 10.1 million a year ago. The increase was mainly as a result of the addition of Provincial with no comparable in 2014. For the six months, the company's revenue was CAD 370.1 million compared with CAD 260.3 million a year ago. EBITDA was CAD 79.1 million compared with CAD 40.3 million a year ago. Net earnings were CAD 14.3 million or CAD 0.62 per basic share compared with CAD 0.93 million or CAD 0.05 per basic share a year ago. Adjusted net earnings were CAD 20.2 million or CAD 0.87 per basic share compared with CAD 2.8 million or CAD 0.13 per basic share a year ago. Total maintenance capex was CAD 32.6 million compared with CAD 21.4 million a year ago.

Exchange Income Mulls Acquisitions

Mike Pyle, Chief Executive Officer of Exchange Income Corporation (TSX:EIF), said, Over the longer term we remain committed to growth through disciplined acquisitions.

 

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Industry Analysis

EIF

Industry Average

Valuation EIF Industry Range
Price/Earnings 100.0x
Price/Sales 0.8x
Price/Book 1.7x
Price/Cash Flow 6.5x
TEV/Sales NM Not Meaningful
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