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Magellan Aerospace Corporation (T:MAL)

Business Focus: Aerospace & Defense

Sector:  Industrials Industry:  Aerospace & Defense
See Regulatory Filings on SEDAR
Company Contact
Address: 3160 Derry Rd E
Tel: N/A
IR: See website
Key People
Norman Murray Edwards
Chairman of the Board
Phillip Campion Underwood
President, Chief Executive Officer, Director
Elena M. Milantoni
Chief Financial Officer
Jo-Ann C. Ball
Vice President - Human Resources
Mark Allcock
Vice President - Information Technology and Transformation
Karen Yoshiki-Gravelsins
Vice President - Corporate Stewardship, Operational Excellence
Haydn R. Martin
Vice President - Business Development, Marketing and Contracts
Craig A. Vaughan
Corporate Secretary
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 three months ended 31 March 2021, MagellanAerospace Corp revenues decreased 26% to C$176.3M. Netincome decreased 84% to C$3.3M. Revenues reflect Europesegment decrease of 38% to C$49.4M, United States segmentdecrease of 29% to C$45.8M. Dividend per share remainedflat at C$0.11. Basic Earnings per Share excludingExtraordinary Items decreased from C$0.34 to C$0.06.
Employees: 3,400 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $588.34M as of Mar 31, 2021
Annual revenue (TTM): $681.88M as of Mar 31, 2021
EBITDA (TTM): $65.21M as of Mar 31, 2021
Net annual income (TTM): -$13.50M as of Mar 31, 2021
Free cash flow (TTM): $56.71M as of Mar 31, 2021
Net Debt Last Fiscal Year: $31.80M as of Mar 31, 2021
Shares outstanding: 57,729,106 as of Mar 31, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization