| Magellan Aerospace Corporation - MAL.t has over 80 years of collective knowledge and experience in the aerospace industry.|
Magellan develops and produces complex and integrated products and services that bring value to customers. Magellan serves the civil aerospace and defence market as well as industrial power applications of aerospace engine technology.
Magellan Aerospace Corp. is releasing its financial results for the first quarter of 2017. The results are summarized in the attached table.
SUMMARY OF RESULTS (expressed in thousands of dollars, except per-share amounts) Three-month period ended March 31, 2017 2016 Revenues $ 247,210 $ 266,058 Gross profit 43,208 48,525 Net income 39,413 23,428 Net income per share $ 0.68 $ 0.40 EBITDA 62,299 45,826 EBITDA per share $ 1.07 $ 0.79