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  5. MAL: Hi, could I get your comments on Q1 please? [Magellan Aerospace Corporation]
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Q: Hi,
could I get your comments on Q1 please?
Thanks,
Dan
Asked by Daniel on May 06, 2024
5i Research Answer:

EPS of 11c beat estimates of 10c; Revenue of $235.2M missed estimates by 2.6%. EBITDA of $21.69M missed estimates by 10%. Revenue rose 5.3%. EPS rose from 7c in the prior period. EBITDA rose 17%. Canada revenue declined, but US revenue rose more than 20% on volume increases for fighter and wide-bodied aircraft. Strong growth is expected in 2024 overall. We would consider the quarter, OK, but not great. The stock remains cheap, but unexcitng. 

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