Cogeco Inc. (CGO-T) posts a second-quarter profit of $79.8 million, marking a 4% increase from $76.6 million in the same period last year. Earnings per diluted share reach $1.97, up from $1.88 a year earlier.
Revenue and Guidance Updates
Revenue for the quarter ended February 28 totals $713 million, reflecting a more than 5% decline from $753.2 million year-over-year. The company revises its fiscal 2026 guidance downward for both revenue and adjusted earnings before deductions, driven by intensified pressure on U.S. internet subscriber revenue.
CEO Insights and Segment Performance
Frédéric Perron, Cogeco’s president and CEO, highlights strong results in Canada while anticipating tougher financial outcomes in the U.S. segment during the year’s first half.
Cogeco Communications Inc., the firm’s cable and internet subsidiary, records a profit of $83.6 million for the period, an improvement from $79.6 million in the prior-year quarter.
