Also trades as: ACDVF (OTC) · $vol 4M

C$25.35 ($17.78)

-0.94 (-3.58%)

Weekly Expected Move ±5.3%

C$23 C$24 C$25 C$27 C$28

TSX · Industrials · Airlines, Airports & Air Services · Tech Score Sell · Power 40 · C$7.3B mcap · 293M float · 0.921% daily turnover

Revenue

$22.4B +0.5% ▲

5Y CAGR: +30.8%

Gross Profit

$6.9B +25.6% ▲

Operating Income

$918M -27.3% ▼

Net Income

$644M -62.6% ▼

EPS (Diluted)

$1.87 -60.4% ▼

EBITDA

$3.4B +11.9% ▲

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$6.4B	$16.6B	$21.8B	$22.3B	$22.4B
YoY Growth	+9.7%	+158.7%	+31.9%	+1.9%	+0.5%
Cost of Revenue	$7.6B	$13.8B	$15.7B	$16.8B	$15.5B
Gross Profit	-$1.2B	$2.8B	$6.2B	$5.5B	$6.9B
Gross Margin	-19.2%	16.9%	28.2%	24.5%	30.6%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$659M	$1.3B	$1.7B	$1.7B	$1.8B
Operating Expenses	$1.8B	$3.0B	$3.9B	$4.2B	$5.9B
Operating Income	-$3.0B	-$187M	$2.3B	$1.3B	$918M
Operating Margin	-47.6%	-1.1%	10.4%	5.7%	4.1%
Interest Expense	$732M	$896M	$930M	$731M	$606M
Income Before Tax	-$4.0B	-$1.5B	$2.2B	$515M	$789M
Tax Expense	-$379M	$176M	-$64M	-$1.2B	$145M
Net Income	-$3.6B	-$1.7B	$2.3B	$1.7B	$644M
Net Margin	-56.3%	-10.3%	10.4%	7.7%	2.9%
EPS (Diluted)	$-10.26	$-4.75	$5.97	$4.72	$1.87
EBITDA	-$1.6B	$1.0B	$4.8B	$3.0B	$3.4B
Shares Outstanding	351M	358M	376M	376M	320M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$6.1B	$5.4B	$5.2B	$5.6B	$5.8B	$5.8B	$5.8B	$6.3B
Cost of Revenue	$4.0B	$4.6B	$4.2B	$4.2B	$4.1B	$3.0B	$4.5B	$5.0B
Gross Profit	$2.1B	$814M	$956M	$1.4B	$1.7B	$2.7B	$1.2B	$1.2B
Gross Margin	34.9%	15.1%	18.4%	25.7%	29.7%	47.4%	21.6%	19.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$526M	$422M	$457M	$502M	$1.4B	$217M	$577M	$1.4B
Operating Expenses	$1.1B	$1.1B	$1.1B	$1.0B	$1.4B	$2.4B	$1.1B	$1.4B
Operating Income	$1.0B	-$254M	-$108M	$418M	$284M	$324M	$117M	-$215M
Operating Margin	17.0%	-4.7%	-2.1%	7.4%	4.9%	5.6%	2.0%	-3.4%
Interest Expense	$171M	$176M	$165M	$155M	$152M	$134M	$149M	$135M
Income Before Tax	$897M	-$721M	-$167M	$103M	$511M	$342M	$123M	-$316M
Tax Expense	-$1.1B	-$77M	-$65M	-$83M	$247M	$46M	$75M	-$138M
Net Income	$2.0B	-$644M	-$102M	$186M	$264M	$296M	$48M	-$178M
Net Margin	33.3%	-11.9%	-2.0%	3.3%	4.6%	5.1%	0.8%	-2.8%
EPS (Diluted)	$5.38	$-1.81	$-0.40	$0.55	$0.89	$1.00	$0.16	$-0.63
EBITDA	$1.5B	-$85M	$493M	$749M	$1.2B	$998M	$778M	$331M
Shares Outstanding	376M	355M	348M	341M	297M	296M	294M	283M

AC.TO TSX