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MISSISSAUGA, ON, April 23, 2025 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) today announced financial results for the first quarter ended March 31, 2025.
Record first quarter 2025 revenue of $249.9 million, an increase of 8.1% - compared to $231.2 million in the same quarter of 2024.First quarter 2025 Adjusted EBITDA(1) of $80.8 million compared to $78.4 million in the same quarter of 2024 driving a 32.3% Adjusted EBITDA margin.Net earnings of $48.0 million in the quarter versus $32.5 million in the same quarter of 2024, an improvement of 47.7% year-over-year and an increase in Earnings per share (basic) of 58.2% to $3.07 during the quarter.During the quarter ended March 31, 2025 the Company purchased for cancellation an aggregate of 272,922 Voting Shares under the Normal Course Issuer Bid (NCIB) for a total cost of $32.2 million.Achieved record On-time Arrival Performance of 99.1% within fifteen minutes of scheduled arrival time during the quarter.MISSISSAUGA, ON, April 3, 2025 /CNW/ - Cargojet Inc. (TSX: CJT) ("Cargojet" or the "Company") announced the voting results from its annual meeting of shareholders held today at the offices of the Company at 2281 North Sheridan Way, Mississauga, Ontario.
Shareholders voted in favour of all items of business, including the election of each of the director nominees as follows:
Nominee
Votes For
Votes Withheld
(a) Dr. Ajay Virmani(b) Arlene Dickinson(c) Mary Traversy(d) Brian Levitt (e) Amos Kazzaz
7,940,794 (97.18%)7,691,580 (94.13%)7,896,844 (96.64%)6,573,843 (80.45%)7,951,686 (97.31%)
230,607 (2.82%)479,821 (5.87%)274,557 (3.36%)1,597,558 (19.55%)219,715 (2.69%)
MISSISSAUGA, ON, March 19, 2025 /CNW/ - Cargojet Inc. (TSX: CJT), a leader in the air cargo industry, announced today that it will release its financial results for the First quarter 2025 results on Wednesday, April 23rd, 2025, after market close.
Jamie B. Porteous, Co-CEO, Pauline Dhillon, Co-CEO, and Sanjeev Maini, Interim CFO, will host a conference call on Thursday, April 24th, 2025, at 8:30 a.m. Eastern Time to discuss results. To participate in this conference call, please dial the following number(s) approximately five minutes prior to the commencement of the call:
MISSISSAUGA, ON, March 19, 2025 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) announced today that its Chief Financial Officer, Scott Calver has elected to depart the company to pursue other opportunities.
"We wish Scott the very best in his future endeavors and thank him for his contributions during his tenure at Cargojet," said Co-CEO's Jamie Porteous and Pauline Dhillon in a joint statement."
Sanjeev Maini will continue in his role as Interim CFO until such time as Cargojet selects a replacement through a formal executive search that is expected to conclude later this year.
MISSISSAUGA, ON, Feb. 20, 2025 /CNW/ - the Board of Directors of Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) has declared a cash dividend of $0.35 per common voting share and variable voting share for the period from January 1, 2025 to March 31, 2025. The record date for determining shareholders of the Corporation entitled to receive payment of the dividend of the Corporation shall be March 20, 2025 and the payment date for such dividend shall be on or before April 4, 2025. These dividends will be eligible dividends within the meaning of the Income Tax Act (Canada).
MISSISSAUGA, ON, Feb. 17, 2025 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) today announced strong financial results for the fourth quarter and full year ended December 31, 2024.
"Cargojet produced very strong results for the fourth quarter and full year 2024 delivering on our financial and operational objectives. For the full year we reached a record and historic milestone of over $1 billion in revenues for the first time in Cargojet's history. Our strong, diversified business model has proven resilient in times of economic uncertainty, and we remain focused on driving operational efficiency and maintaining strategic flexibility to harness new growth opportunities and protect margins," said Jamie Porteous, Co-Chief Executive Officer.
MISSISSAUGA, ON, Feb. 14, 2025 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) announced today that the Annual General Meeting of Shareholders (the "Meeting") will be held at the Cargojet Offices – 2281 North Sheridan Way, Mississauga, Ontario.
The meeting will be held on Thursday, April 3rd, 2025, at 11:30 a.m. EST.
Cargojet is Canada's leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.
MISSISSAUGA, ON, Jan. 17, 2025 /CNW/ - Cargojet Inc. (TSX: CJT), a leader in the air cargo industry, announced today that it will release its financial results for the fourth quarter and year end 2024 results on Monday, February 17th, 2025, after market close.
Jamie B. Porteous, Co-CEO, Pauline Dhillon, Co-CEO, and Sanjeev Maini, Interim CFO, will host a conference call on Tuesday, February 18th, 2025, at 8:30 a.m. Eastern Time to discuss results.
To participate in this conference call, please dial the following number(s) approximately five minutes prior to the commencement of the call:
MISSISSAUGA, ON, Jan. 15, 2025 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) announced today that its Chief Financial Officer (CFO), Scott Calver, is on medical leave until further notice. The company supports Scott during this time and wishes him a full and speedy recovery.
In the interim, Sanjeev Maini, Vice President – Finance, will assume the role of acting CFO. Mr. Maini has been with the company for over two decades and has previously served as the acting CFO during 2021. He is well-positioned to continue the company's financial operations and ensure a smooth transition.
MISSISSAUGA, ON, Dec. 27, 2024 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) announced today that it has redeemed the $115,000,000 aggregate principal amount outstanding on its 5.75% senior unsecured hybrid debentures due April 30, 2025. The Corporation paid the principal amount and all accrued and unpaid interest up to, but excluding, the Redemption Date, in cash.
Cargojet is Canada's leading provider of time sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.