Business
Magellan Aerospace Corporation - Second Quarter Report - June 30, 2007
Magellan Aerospace Corporation - Second Quarter Report - June 30, 2007.
About this update from Magellan Aerospace Corporation
[{"type":"text","content":"\n\n\n\nTORONTO, Aug. 13 /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 August 13, 2007, the Corporation released its financial results for\nthe second quarter of 2007. All amounts are expressed in Canadian dollars\nunless otherwise indicated. The results are summarized as follows:\n\n\n-------------------------------------------------------------------------\n Three-months ended Six-months ended\n June 30 June 30\n -----------------------------------------------------------\n(Expressed in\n thousands,\n except per\n share amounts) 2007 2006 Change 2007 2006 Change\n-------------------------------------------------------------------------\nRevenues $ 150,283 $ 149,977 0.2% $ 294,338 $ 286,999 2.6%\n-------------------------------------------------------------------------\nGross Profit $ 16,213 $ 13,132 23.5% $ 31,462 $ 27,428 14.7%\n-------------------------------------------------------------------------\nNet loss $ (1,734) $ (5,666) - $ (3,481) $ (6,324) -\n-------------------------------------------------------------------------\nNet loss per\n share $ (0.02) $ (0.07) - $ (0.05) $ (0.08) -\n-------------------------------------------------------------------------\nEBITDA(x) $ 9,230 $ 9,595 -3.8% $ 18,743 $ 19,494 -3.9%\n-------------------------------------------------------------------------\nEBITDA(x)\n per share $ 0.10 $ 0.11 -9.1% $ 0.21 $ 0.21 0.0%\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\n\n\nmay cause actua...