CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Canada's Magellan Aerospace Q3 revenue rises on regional growth

By Reuters News


Overview

  • Canada aerospace components supplier's Q3 revenue rose 17.6% yr/yr

  • Adjusted EBITDA for Q3 grew 29.4% from prior year

  • Gross profit rose on higher volumes, price increases, and favorable product mix


Outlook

  • Company says commercial aircraft demand remains strong but supply chain constraints limit production rates

  • Company notes commercial aircraft backlog above 15,000 units provides long-term production visibility

  • Company expects defence aerospace market to see sustained growth amid rising global military spending


Result Drivers

  • REGIONAL GROWTH - Higher casting product revenues in Canada, increased aircraft engine shaft and aircraft part revenues in the US, and higher aircraft part revenues in Europe boosted Q3 sales

  • MARGIN DRIVERS - Gross profit rose due to higher volumes, price increases and favorable product mix, partly offset by higher input costs

  • CURRENCY IMPACT - Favorable foreign exchange movements contributed to higher reported revenue


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

C$300.62 mln

C$280.29 mln (2 Analysts)

Q3 EPS

C$0.35

Q3 Net Income

C$19.98 mln

Q3 Adjusted EBITDA

C$38.50 mln

C$34.44 mln (2 Analysts)

Q3 Gross Profit

C$44.08 mln


Reuters Recommended Reads

  • Nov 10 - Canada's Volatus Aerospace Q3 revenue rises 24.9% sequentially

  • Nov 10 - Astronics Q3 sales beat estimates on aerospace demand; maintains 2026 revenue guidance

  • Nov 9 - Aaon Q3 revenue jumps 84%, beats analyst estimates on strong data-center demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.