Magellan Aerospace Corporation announces financial results

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, March 27, 2013 /CNW/ - Magellan Aerospace Corporation\n (\"Magellan\" or the \"Corporation\") released its financial results for\n the fourth quarter of 2012.  All amounts are expressed in Canadian\n dollars unless otherwise indicated. The results are summarized as\n follows:\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\nThree month period ended\nDecember 31\n\n\n \n\n\nTwelve month period ended\nDecember 31\n\n\n\n\nExpressed in thousands of Canadian dollars, except per share amounts\n\n\n2012\n\n\n2011\n\n\nChange\n\n\n \n\n\n2012\n\n\n2011\n\n\nChange\n\n\n\n\nRevenues\n\n\n \n\n\n186,561\n\n\n173,290\n\n\n7.7%\n\n\n \n\n\n704,579\n\n\n691,410\n\n\n1.9%\n\n\n\n\nGross Profit\n\n\n \n\n\n30,649\n\n\n30,106\n\n\n1.8%\n\n\n \n\n\n100,692\n\n\n97,410\n\n\n3.4%\n\n\n\n\nNet Income\n\n\n \n\n\n22,098\n\n\n16,646\n\n\n32.8%\n\n\n \n\n\n58,295\n\n\n37,413\n\n\n55.8%\n\n\n\n\nNet Income per Share - Diluted\n\n\n \n\n\n0.38\n\n\n0.31\n\n\n22.6%\n\n\n \n\n\n1.00\n\n\n0.73\n\n\n37.0%\n\n\n\n\n\n\n\n\n\n\n\n\nThis news release contains certain forward-looking statements that\n reflect the current views and/or expectations of the Corporation with\n respect to its performance, business and future events.  Such\n statements are subject to a number of risks, uncertainties and\n assumptions, which may cause actual results to be materially different\n from those expressed or implied.  The Corporation assumes no future\n obligation to update these forward-looking statements except as\n required by law. \n\nThe Corporation has included certain measures in this news release,\n including EBITDA and gross profit, the terms for which are not defined\n under International Financial Reporting Standards.  The Corporation\n defines EBITDA as net income before interest, dividends on preference\n shares, income taxes, stock-based compensation and depreciation and\n amortization.  The Corporation has included these measures, including\n EBITDA, because it believes this information is used by certain\n investors to assess financial performance and EBITDA is a useful\n supplemental measure as it provides an indication of the results\n generated by the Corporation's principal business activities prior to\n considera...

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