)
Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
Exchange Income
Exchange Income (EIF) investor relations material
Exchange Income Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary25 Feb, 2026
Executive summary
Achieved record annual and Q4 results in revenue, adjusted EBITDA, free cash flow, net earnings, and per-share metrics for 2025, with all-time highs in both segments.
Simplified capital structure by redeeming all convertible debentures, resulting in the lowest leverage in 15 years.
Secured an investment-grade credit rating, enabling access to long-term, fixed-rate bond financing.
Market capitalization surpassed CAD 6 billion, reflecting strong business fundamentals and growth outlook.
Strategic initiatives included the acquisition of Canadian North and post-year-end acquisition of Mach II, as well as an expanded Air Canada agreement.
Financial highlights
Annual revenue reached $3.3 billion, up 23% year-over-year; Q4 revenue was $930 million, up 35%.
Adjusted EBITDA for the year was $754 million, up 20%; Q4 Adjusted EBITDA was $216 million, up 30%.
Net earnings for the year were $168 million, up 38%; Q4 net earnings were $52 million, up 83%.
Free cash flow for the year was $541 million, up 32%; Q4 free cash flow was $165 million, up 49%.
Record per share metrics across all key indicators, with EPS up 62% (adjusted) and 33% (reported) year-over-year.
Outlook and guidance
2026 Adjusted EBITDA guidance set at $825–$875 million, with a bias toward the upper end due to new Air Canada contract, Mach II acquisition, and recent growth initiatives.
Aerospace & Aviation segment expected to see strong growth from full-year Canadian North inclusion, Air Canada agreement, and new medevac contracts.
Manufacturing segment anticipates consistent results, with environmental access solutions and composite matting driving growth.
Growth capital expenditures and acquisitions expected to drive continued record performance.
Defense and security sector exposure expected to provide incremental upside, not yet included in base guidance.
New financing options from investment grade rating
Market drivers for new composite mat plant
Cross-segment synergies from recent acquisitions
New matting plant: market share impact
Bond market access: interest cost savings?
Mach2: narrow/wide-body market growth cadence
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Exchange Income earnings date
Q1 202612 May, 2026
Exchange Income
Next Exchange Income earnings date
Q1 202612 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company offers commercial landing service for the transportation of goods, construction materials, and personnel on runways and helipads; and rental of helicopters, pilots, maintenance crew, rigging equipment and ground support services. It also provides air ambulance services; aircraft sales, leasing and charter services; installation of aerial advertising services; precision farming equipment; agricultural sprayer, articulated tractor with sprayer attachment, fertilizer spreader, tillage tools; aerial broadcasting operations; aircraft parts sales; aircraft engine repairs; snow removal operation; installation of hoarding displays for sports events, corporate events and movie locations; and business consulting.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage