Mining & Metals
Power Corp. Q1 Adjusted Earnings Rise, Match Estimates
Power Corporation of Canada (POW.TO) on Tuesday reported a 15% year-over-year rise in first-quarter adjusted earnings, matching analysts' expectations, and announced a dividend.Adjusted earnings, excluding most one-time items, reached C$905 million, or $1.43 per share, up from $787 million, or $1.22, in the same quarter of 2025. It matched FactSet analysts' estimates of $1.43 earnings per share.The company said adjusted net asset value per share was $84.54 at March 31, 2026, compared with $85.77 at Dec. 31, 2025. While book value per share was $36.52 at March 31, 2026, compared with $36.31 at December 31, 2025.The company said it continues to "execute and deliver on its long-term value creation strategy, with strong earnings performance at Great West and IGM, and $1.2 billion in capital returned to shareholders year-to-date through $0.8 billion of dividends and share repurchases of $0.4 billion".The holding company also declared a quarterly dividend of 66.75 cents per share payable on July 31 to shareholders of record on June 30.Shares of the company closed up $1.65 to $80.09 on Toronto Stock Exchange.
$POW.TO