Business
Magellan Aerospace Corporation - Fourth Quarter Report - December 31, 2006
Magellan Aerospace Corporation - Fourth Quarter Report - December 31, 2006.
About this update from Magellan Aerospace Corporation
[{"type":"text","content":"\n\n\n\nTORONTO, April 2 /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 April 2, 2007, the Corporation released its financial results for the\nfourth quarter of 2006. The results are summarized as follows:\n\n\n-------------------------------------------------------------------------\n(Expressed in Three-months ended Twelve-months ended\n thousands, December 31 December 31\n except per ----------------------------------------------------------\n share amounts) 2006 2005 Change 2006 2005 Change\n-------------------------------------------------------------------------\nRevenues $ 144,677 $ 142,764 1.4% $ 575,223 $ 568,483 1.2%\n-------------------------------------------------------------------------\nNet loss $ (1,276) $ (3,494) - $ (7,380) $ (6,076) -\n-------------------------------------------------------------------------\nNet loss per\n share $ (0.02) $ (0.05) - $ (0.10) $ (0.08) -\n-------------------------------------------------------------------------\nEBITDA(x) $ 10,181 $ 8,886 14.6% $ 40,869 $ 38,068 7.4%\n-------------------------------------------------------------------------\nEBITDA(x)\n per share $ 0.11 $ 0.10 10% $ 0.45 $ 0.42 7.1%\n-------------------------------------------------------------------------\n-------------------------------------------------------------------------\n\n-------------------------------------------------------------------------\nThis quarterly statement contains certain forward-looking statements that\nreflect the current views and/or expectations of the Corporation with\nrespect to its performance, business and future events. Such statements\nare subject to a number of risks, uncertainties and assumptions which may\ncause actual results to be materially different from those expressed or\nimplied. The Corporation assumes no future obligation to update these\nforward-looking statements.\n\n(x) The Corporation has included certain measures in this quarterly\n s...