Canada · Delayed Price · Currency is CAD Chorus Aviation Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 results met expectations with strong liquidity, lower EBITDA due to planned CPA revenue step-downs, and continued disciplined capital allocation. KADEX acquisition closed, supporting diversification and growth, while defense and MRO segments are expected to see lumpy but positive growth.
Fiscal Year 2025
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2025 saw major cost reductions, strong earnings growth, and strategic acquisitions, including Kadex and Elisen. Dividend was raised 38%, share buybacks continued, and guidance for 2026 points to robust free cash flow and EBITDA.
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Q3 2025 saw strong adjusted EPS growth, robust free cash flow, and continued balance sheet strengthening. Strategic asset sales, share buybacks, and a focus on higher-margin defense and MRO businesses position the company for accretive growth and enhanced shareholder returns.
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Q2 2025 saw strong financial results, with adjusted EPS up to CAD 0.66 and adjusted EBITDA at CAD 51.3 million. Strategic moves included a quarterly dividend, share buybacks, the Elisen acquisition, and a focus on defense and MRO growth.
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Q1 2025 saw strong financial performance with higher adjusted EBITDA, EPS, and free cash flow, driven by Jazz's CPA and Voyageur's growth. Debt reduction and share buybacks strengthened the balance sheet, while operational milestones were achieved across all segments.
Fiscal Year 2024
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Significant debt reduction and balance sheet strengthening followed the sale of the leasing segment, with leverage dropping to 1.4 and strong free cash flow. Voyager and Jazz delivered robust results, and Voyager is on track for CAD 150 million revenue in 2025.
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Q3 results show strong financial performance, with adjusted EBITDA of CAD 54 million and leverage ratio down to 3.0. The RAL segment sale is set to close by year-end, further strengthening the balance sheet and enabling enhanced shareholder returns.
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Second quarter 2024 results showed strong cash generation, reduced leverage, and robust performance from Jazz and Voyageur. The RAL segment sale is expected to further strengthen the balance sheet and support future growth and shareholder returns.
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The sale of the regional aircraft leasing segment for CAD 1.9 billion will significantly deleverage the balance sheet, eliminate major debt and dividend costs, and refocus growth on core aviation services. Major shareholders support the deal, which is expected to close by year-end 2024.