Business
Magellan Aerospace Corporation - Fourth Quarter Report and Announced Proposed Share Consolidation December 31, 2007
TORONTO, March 31 /CNW/ - Magellan Aerospace Corporation (the "Corporation" or "Magellan") is lis...
About this update from Magellan Aerospace Corporation
[{"type":"text","content":"\n\n\n\nTORONTO, March 31 /CNW/ - Magellan Aerospace Corporation (the\n"Corporation" or "Magellan") is listed on the Toronto Stock Exchange under the\nsymbol MAL. The Corporation is a diversified supplier of components to the\naerospace industry. Through its network of facilities throughout North America\nand the United Kingdom, Magellan supplies leading aircraft manufacturers,\nairlines and defence agencies throughout the world.\n\n\nFinancial Results\n\n\n-----------------\n\n\nOn March 31, 2008, the Corporation released its financial results for the\nfourth quarter of 2007. All amounts are expressed in Canadian dollars unless\notherwise indicated. The results are summarized as follows:\n\n\n-------------------------------------------------------------------------\n Three-months ended Twelve-months ended\n December 31 December 31\n(Expressed in ----------------------------------------------------------\n thousands, 2007 2006 Change 2007 2006 Change\n except per (restated (restated\n share amounts) note 3) note 3)\n-------------------------------------------------------------------------\nRevenues $ 155,544 $ 144,677 7.5% $ 597,808 $ 575,223 3.9%\n-------------------------------------------------------------------------\nGross Profit $ 12,896 $ 10,543 22.3% $ 58,914 $ 51,022 15.5%\n-------------------------------------------------------------------------\nNet loss $ (4,949) $ (2,035) - $ (11,341) $ (8,139) -\n-------------------------------------------------------------------------\nNet loss per\n share $ (0.06) $ (0.03) - $ (0.14) $ (0.11) -\n-------------------------------------------------------------------------\nEBITDA(x) $ 8,052 $ 9,022 (10.8)% $ 36,398 $ 39,710 (8.3)%\n-------------------------------------------------------------------------\nEBITDA(x) per\n share $ 0.09 $ 0.10 $ 0.40 $ 0.44\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 as...