Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Magellan Aerospace Corporation (T:MAL)

Business Focus: Aerospace & Defense (NEC)

Sector:  Industrials Industry:  Aerospace & Defense
 
Company Contact
Address: 3160 Derry Rd E
MISSISSAUGA ON L4T 1A9
Tel: N/A
Website: https://magellan.aero
IR: See website
Key People
Phillip Campion Underwood
President, Chief Executive Officer, Director
Elena M. Milantoni
Chief Financial Officer, Corporate Secretary
Michael Gribe
Vice President - Human Resources
Ian Roberts
Vice President - Information Technology
Karen Yoshiki-Gravelsins
Vice President - Corporate Stewardship and Operational Excellence
Haydn R. Martin
Vice President - Business Development, Marketing and Contracts
Business Overview
Magellan Aerospace Corporation is a Canada-based global enterprise company, which is engaged in providing integrated products to the aerospace industry worldwide. The Company designs, engineers and manufactures aeroengine and aerostructure components for aerospace markets, including advanced products for defense and space markets, and complementary specialty products. The Company operates through Aerospace segment, which includes the design, development, manufacture, repair and overhaul, and sale of systems and components for defense and civil aviation. The Company's products include Engine Cold Section, Engine Hot Section, Engine Shafts, Specialty Materials, Black Brant, RATO Booster Motors, CRV7 Rocket Weapon System, Small Satellite Bus Platforms, Avionics, Manufactured Components and Assemblies and Wire Strike Protection System (WSPS). The Company also supports the aftermarket through the supply of spare parts as well as through repair and overhaul services.
Financial Overview
For the fiscal year ended 31 December 2023, Magellan Aerospace Corp revenues increased 15% to C$879.6M. Net income totaled C$9.2M vs. loss of C$21.7M. Revenues reflect United States segment increase of 23% to C$234.2M, Europe segment increase of 15% to C$281.1M. Net Income reflects Restructuring decrease of 55% to C$1.7M (expense), Int exp on Financial Lease Liabilities decrease of 18% to C$1.4M (expense).
Employees: 3,850 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $529.20M as of Dec 31, 2023
Annual revenue (TTM): $879.62M as of Dec 31, 2023
EBITDA (TTM): $79.00M as of Dec 31, 2023
Net annual income (TTM): $9.25M as of Dec 31, 2023
Free cash flow (TTM): -$42.20M as of Dec 31, 2023
Net Debt Last Fiscal Year: $71.96M as of Dec 31, 2023
Shares outstanding: 57,226,922 as of Jan 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization