ECN Capital (ECN) Q1 2026 earnings summary

Executive summary

• Adjusted net income per share was $0.04 for Q1 2026, down from $0.05 in the previous quarter but up from $0.03 year-over-year.

• Net loss attributable to common shareholders was $0.9 million, compared to net income of $4.5 million in the previous quarter and a net loss of $2.5 million year-over-year.

Financial highlights

• Adjusted net income for Q1 2026 was $10.1 million, compared to $13.6 million in the previous quarter and $7.2 million year-over-year.

• Adjusted EBITDA was $29.7 million, down from $36.2 million in the previous quarter but up from $25.5 million year-over-year.

• Operating expenses were $36.1 million, slightly up from $35.8 million in the previous quarter and $29.4 million year-over-year.

Outlook and guidance

• Plans to distribute the RV and Marine operating segment to an affiliate after the reporting period.

• Forward-looking statements caution about risks and uncertainties affecting future results.