Overview

* Magellan Aerospace ( MALJF ) Q3 revenue rises 14.4% yr/yr to C$255.7 mln

* Net income for Q3 more than doubles compared to the same period last year

* Gross profit in Q3 increases 30.3% yr/yr, driven by higher sales volumes

Outlook

* Supply chain vulnerabilities and U.S. tariffs remain concerns, says Magellan

Result Drivers

* CANADA REVENUE - Revenue in Canada rose 14.9% due to higher wide body aircraft part sales and increased MRO revenues

* US REVENUE - US revenue grew 15.6% driven by higher casting product sales and favorable exchange rates

* GROSS PROFIT - Gross profit increased due to higher volumes and favorable product mix, offset by material price increases

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$255.67 C$252.30

Revenue mln mln (1

Analyst)

Q3 EPS C$0.22

Q3 Net C$12.67

Income mln

Q3 Gross C$32.62

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for Magellan Aerospace Corp ( MALJF ) is C$19.15, about 5.7% above its November 12 closing price of C$18.05

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact [email protected].

(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.)