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/R E P E A T -- Magellan Aerospace Corporation announces financial results/
TORONTO, May 9 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the "Corporation") released ...
About this update from Magellan Aerospace Corporation
[{"type":"text","content":"\n\n\n\nTORONTO, May 9 /CNW/ - Magellan Aerospace Corporation ("Magellan" or the\n"Corporation") released its financial results for the first quarter of 2008.\nAll amounts are expressed in Canadian dollars unless otherwise indicated. The\nresults are summarized as follows:\n\n\n-------------------------------------------------------------------------\n Three-months ended\n March 31\n(Expressed in thousands, --------------------------------------\n except per share amounts) 2008 2007 Change\n-------------------------------------------------------------------------\nRevenues $ 161,095 $ 144,055 11.8 %\n-------------------------------------------------------------------------\nGross Profit $ 17,321 $ 15,249 13.6 %\n-------------------------------------------------------------------------\nNet income (loss) $ 2,051 $ (1,747)\n-------------------------------------------------------------------------\nNet income (loss) per share $ 0.02 $ (0.02)\n-------------------------------------------------------------------------\nEBITDA(x) $ 15,491 $ 9,513 62.8 %\n-------------------------------------------------------------------------\nEBITDA(x) per share $ 0.17 $ 0.11 54.5 %\n-------------------------------------------------------------------------\n-------------------------------------------------------------------------\n\n\n-------------------------------------------------------------------------\n\n\nThis press release 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 actual results to be materially different from those expressed\n\n\nor implied. 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 press release,\n\n\nincluding EBITDA, the terms for which are not defined under Canadian\n\n\ngenerally accepted accounting principles. The Corporation defines EBITDA\n\n\nas earnings before interest, taxes, depreciation and amortization and\n\n\nnon-cash charges. The Corporation has included these measures, including\n\n\nEBITDA, because it believes this information is used by certain ...