Was exchange is aus https://www.exchangeincomecorp.ca/our_company The Company is a diversified, acquisition-oriented corporation focused on opportunities in aerospace, aviation and manufacturing. The business plan of the Company is to invest in profitable, well-established companies with strong cash flows operating in niche markets. The objectives of the Company are:
to provide Shareholders with stable and growing dividends; to maximize Shareholder value through on-going active monitoring of and investment in its Operating Subsidiaries; and to continue to acquire additional companies, businesses or interests therein in order to expand and diversify the Company's investments.
* Generated Revenue of $322 million, an increase of $78 million or 32% compared to Q2 2020 * Earned Consolidated EBITDA of $81 million, representing growth of $19 million or 31% compared to Q2 2020 * Produced Adjusted Net Earnings of $20 million or $0.53 per share, an improvement of $14 million or 250% over Q2 2020 * Free Cash Flow less Maintenance Capital Expenditures was $37 million, rising by $11 million or 44% from Q2 2020 * Trailing Twelve Month Free Cash Flow less Maintenance Capital Expenditures payout ratio improved to 58% from 76% in Q2 2020 * Completed a bought deal financing of common shares that provided gross proceeds of $88 million, inclusive of the over-allotment exercised by the underwriters
Exchange Income Corporation (EIFZF) CEO Mike Pyle on Q2 2021 Results - Earnings Call Transcript