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 |