Canada · Delayed Price · Currency is CAD Cargojet Earnings Call Transcripts
Fiscal Year 2025
-
Strong Q4 results driven by domestic e-commerce growth and disciplined cost control offset global trade headwinds. New charter opportunities and fleet optimization replaced suspended China contract revenue, while CapEx and leverage remain tightly managed.
-
Leadership transition advances as domestic revenue grows 6% year-over-year, offsetting declines in ACMI and charter segments. Adjusted EBITDA margin remains strong at 32%, with minimal growth CapEx expected for 2026 and a focus on disciplined cost management.
-
Long-term contract renewals with Amazon and DHL, strong domestic and charter growth, and improved margins highlight resilience amid global trade uncertainty. Fleet rationalization and asset sales are set to boost cash flow, with expectations for a robust peak season.
-
Q1 2025 saw record revenue and strong EBITDA growth, driven by domestic and charter segments, while HCMI softness was offset by new opportunities. The company maintained leverage targets, continued share buybacks, and remains cautious amid global economic uncertainty.
Fiscal Year 2024
-
Q4 2024 saw record revenue growth of 32% and a historic CAD 1 billion annual revenue milestone, driven by strong ACMI and charter performance. Operational cash flow and margins improved, with continued fleet expansion and double-digit charter growth expected in 2025.
-
Q3 saw 14.8% revenue growth and 17% adjusted EBITDA growth, driven by record charter and international business, with strong free cash flow and reduced leverage. Cost pressures and pilot shortages remain key risks, but outlook for Q4 and 2025 is positive.
-
Q2 saw 11.5% revenue growth year-over-year, with all segments posting gains and adjusted EPS up 50%. New China e-commerce contracts and strong charter demand are expected to drive further growth, while capital allocation remains disciplined.