Business
Magellan Aerospace Corporation - Third Quarter Report - September 30, 2007
TORONTO, Nov. 12 /CNW/ - Magellan Aerospace Corporation (the "Corporation" or "Magellan") is list...
About this update from Magellan Aerospace Corporation
[{"type":"text","content":"\n\n\n\nTORONTO, Nov. 12 /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 November 12, 2007, the Corporation released its financial results for\nthe third 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 Nine-months ended\n September 30 September 30\n -----------------------------------------------------------\n(Expressed in\n thousands,\n except per\n share amounts) 2007 2006 Change 2007 2006 Change\n-------------------------------------------------------------------------\nRevenues $ 147,926 $ 143,548 3.1 % $ 442,264 $ 430,546 2.7 %\n-------------------------------------------------------------------------\nGross Profit $ 14,557 $ 13,052 11.5 % $ 46,018 $ 40,479 13.7 %\n-------------------------------------------------------------------------\n(Loss) net\n income $ (2,911) $ 221 - $ (6,392) $ (6,104) -\n-------------------------------------------------------------------------\nNet loss per\n share $ (0.04) $ 0.00 - $ (0.08) $ (0.07) -\n-------------------------------------------------------------------------\nEBITDA(x) $ 9,603 $ 11,195 -14.2 % $ 28,346 $ 30,684 -7.6 %\n-------------------------------------------------------------------------\nEBITDA(x) per\n share $ 0.11 $ 0.12 -8.3 % $ 0.31 $ 0.34 -8.8 %\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...