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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Extendicare
Extendicare (EXE) investor relations material
Extendicare Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary6 Nov, 2026
Executive summary
Q3 revenue rose 42.6% to $627.8M; Adjusted EBITDA increased 41.2% to $71.7M and net earnings rose 41.8% to $34.2M.
Excluding out-of-period items, revenue increased 43.3% to $625.3M and Adjusted EBITDA rose 47.7% to $69.2M.
Home health growth, including CBI and organic volume gains, led results; strong operating cash flow reduced leverage as integration focus shifts to CBI.
Financial highlights
Net earnings were $34.2M; adjusted net earnings rose 40.4% to $39.6M, or $0.410 per diluted share.
FFO per diluted share was $0.450, up 25.7%; AFFO per diluted share was $0.449, up 30.1%.
Excluding out-of-period items, FFO rose 52.1% to $41.6M, or $0.431 per diluted share.
Nine-month revenue increased to $1,704.1M and Adjusted EBITDA to $192.9M; excluding out-of-period items, Adjusted EBITDA rose 57.1% to $184.2M.
Nine-month CBI revenue since its April 1 acquisition was ~$299.1M.
Outlook and guidance
CBI finance and IT integration is targeted for Jan. 1, 2027; phased care-team integration is planned through 2027.
Four of five Axium JV long-term care homes under construction are expected to open in 2027, adding 832 beds; the five projects total 1,152 beds and replace 862 Class C beds.
A 17-project pipeline represents more than ~3,700 beds replacing ~1,900 Class C beds; the next 256-bed Ottawa project is targeted to break ground in Spring 2027.
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Latest events from Extendicare
- Q4 Adjusted EBITDA rose to $28.7M as home health, managed services and LTC improved.EXE
Q4 2023 - Strong growth in seniors' care driven by acquisitions, JV redevelopment, and stable government revenue.EXEInvestor presentation
- Q2 2026 Adjusted EBITDA jumped 71.7% to $68.3M, fueled by acquisitions and strong home health growth.EXEQ2 2026
- Largest seniors' care provider in Canada expands through acquisitions and JV-driven growth.EXEInvestor presentation
- Q1 2026 saw 52% EBITDA growth, major acquisitions, and strong Home Healthcare expansion.EXEQ1 2026
- Financial growth, expanded care, and all proposals approved amid sector and integration challenges.EXEAGM 2026
- Strong 2025 growth, 5% dividend hike, and $570M CBI Home Health acquisition set for Q2 2026.EXEQ4 2025
- Adjusted EBITDA up 42.7% year-over-year, driven by home health care and managed services growth.EXEQ1 2025
- Q4 2024 saw strong earnings, margin gains, and a 5% dividend hike, with robust growth across all segments.EXEQ4 2024
Next Extendicare earnings date
Q4 202626 Feb, 2027
Extendicare
Next Extendicare earnings date
Q4 202626 Feb, 2027
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Frequently asked questions
Extendicare Inc provides senior care and related services across Canada, operating long-term care homes and retirement living communities. The company also offers home health care services, including nursing, personal support, and rehabilitation. Extendicare supports its operations through clinical, administrative, and management services, addressing a broad range of needs for aging populations. The company is headquartered in Markham, Canada, and its shares are listed on the TSX.