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Magellan Aerospace Corporation - First Quarter Report - March 31, 2007
Magellan Aerospace Corporation - First Quarter Report - March 31, 2007.
About this update from Magellan Aerospace Corporation
[{"type":"text","content":"\n\n\n\nTORONTO, May 11 /CNW/ - Magellan Aerospace Corporation (the "Corporation"\nor "Magellan") is listed on the Toronto Stock Exchange under the symbol MAL.\nThe Corporation is a diversified supplier of components to the aerospace\nindustry. Through its network of facilities throughout North America and the\nUnited Kingdom, Magellan supplies leading aircraft manufacturers, airlines and\ndefence agencies throughout the world.\n\n\nFinancial Results\n-----------------\nOn May 11, 2007, the Corporation released its financial results for the\nfirst quarter of 2007. The results are summarized as follows:\n\n-------------------------------------------------------------------------\n Three-months ended March 31\n --------------------------------------\n(Expressed in thousands,\n except per share amounts) 2007 2006 Change\n-------------------------------------------------------------------------\nRevenues $ 144,055 $ 137,022 5.1%\n-------------------------------------------------------------------------\nGross Profit $ 15,249 $ 14,314 6.5%\n-------------------------------------------------------------------------\nNet loss $ (1,747) $ (658) -\n-------------------------------------------------------------------------\nNet loss per share $ (0.02) $ (0.01) -\n-------------------------------------------------------------------------\nEBITDA(x) $ 9,513 $ 9,898 -3.9%\n-------------------------------------------------------------------------\nEBITDA(x) per share $ 0.11 $ 0.11 -\n-------------------------------------------------------------------------\n-------------------------------------------------------------------------\n\n\n-------------------------------------------------------------------------\n\n\nThis quarterly statement contains certain forward-looking statements that\n\n\nreflect the current views and/or expectations of the Corporation with\n\n\nrespect to its performance, business and future events. Such statements\n\n\nare subject to a number of risks, uncertainties and assumptions which may\n\n\ncause actual results to be materially different from those expressed or\n\n\nimplied. The Corporation assumes no future obligation to update these\n\n\nforward-looking statements.\n\n\n(x) The Corporation has included certain measures in this quarterly\n\n\nstatement, including EBITDA, the terms for which are not ...