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Magellan Aerospace Corporation (T:MAL)

Business Focus: Aerospace & Defense

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Sector:  Industrials Industry:  Aerospace & Defense
See Regulatory Filings on SEDAR
Company Contact
Address: 3160 Derry Rd E
Tel: 1-905-6771889
IR: See website
Key People
Norman Murray Edwards
Chairman of the Board
Phillip C. Underwood
President, Chief Executive Officer, Director
James S. Butyniec
Vice Chairman of the Board
Elena M. Milantoni
Chief Financial Officer, Corporate Secretary
Jo-Ann C. Ball
Vice President - Human Resources
Vice President - Information Technology
Larry A. Winegarden
Vice President - Corporate Strategy
Vice President - Corporate Stewardship, Operational Excellence
Daniel R. Zanatta
Vice President - Business Development, Marketing & Contracts
Business Overview
Magellan Aerospace Corporation is a Canada-based supplier of components to the aerospace industry and in certain applications for power generation projects. The Company engineers and manufactures aeroengine and aerostructure components for aerospace markets, including products for defense and space markets, and complementary specialty products. Its segments include Aerospace and Power Generation Project. The Aerospace segment includes the design, development, manufacture, repair and overhaul, and sale of systems and components for defense and commercial aviation. The Power Generation Project segment includes the supply of gas turbine power generation units. Within the Aerospace segment, the Company's product groupings include aerostructures and aeroengines. It manufactures complex cast, fabricated and machined gas turbine engine components, both static and rotating, and integrated nacelle components, flow paths and engine exhaust systems for various aeroengine manufacturers.
Financial Overview
For the six months ended 30 June 2019, Magellan Aerospace Corp revenues increased 10% to C$534M. Net income increased 3% to C$42.1M. Revenues reflect Canada segment increase of 20% to C$186.9M, Europe segment increase of 8% to C$179.1M. Net income was partially offset by Administrative and general expenses increase of 10% to C$31.6M (expense), Foreign exchange loss decrease of 59% to C$653K (income).
Employees: 3,800 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $894.77M as of Jun 30, 2019
Annual revenue (TTM): $1,015M as of Jun 30, 2019
EBITDA (TTM): $166.58M as of Jun 30, 2019
Net annual income (TTM): $90.32M as of Jun 30, 2019
Free cash flow (TTM): $49.15M as of Jun 30, 2019
Net Debt Last Fiscal Year: $47.91M as of Jun 30, 2019
Shares outstanding: 58,209,001 as of Jun 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization