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magellan aerospace corp (MALJF) Snapshot

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52 Week High
11/28/14 - $12.16
52 Week Low
03/13/14 - $6.21
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magellan aerospace corp (MALJF) Details

Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United Sates, and Europe. It operates through two segments, Aerospace and Power Generation Project. The company manufactures aero engines products, including engine frames, compressor and fan cases, turbine cases, shafts, exhaust systems, and gearbox housing; space, satellites, and rocket systems; and aero structures components comprising landing gear systems, wing ribs and spars, bulkheads and fuselage components, tailcone assemblies, and composite wing and fairing structures. It also offers precision aluminum and magnesium sand cast components that primarily include engine mounted gearbox housings, power transmission housings, APU housings, engine inlets and intermediate cases, and front frames and fan cases; and manufactures wire strike protection systems for helicopter safety. In addition, the company is involved in manufacturing, repairing, and overhauling jet engines, military aircrafts, gas turbines, helicopters, critical rotating and non-rotating engine components, jet engine nacelle, exhaust components, and heat-resistant space products; and machining medium and large aerospace and jet engine components, as well as offers metal finishing treatment services for aerospace products. Further, it supplies design engineering and aerostructures products to the commercial and defense markets; and parts and equipment for power generation projects, as well as focuses on electric power generation in the Republic of Ghana. The company was founded in 1994 and is headquartered in Mississauga, Canada.

3,500 Employees
Last Reported Date: 03/27/14
Founded in 1994

magellan aerospace corp (MALJF) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$215.4K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$197.0K
Vice President of Business Development, Marke...
Total Annual Compensation: C$188.4K
Vice President of North American Operations
Total Annual Compensation: C$191.8K
Vice President of Corporate Strategy
Total Annual Compensation: C$188.3K
Compensation as of Fiscal Year 2013.

magellan aerospace corp (MALJF) Key Developments

Magellan Aerospace Signs $250 Million Agreement with Pratt &Whitney Canada

Magellan Aerospace Corp. announced the signing of a 10-year agreement with Pratt &Whitney Canada for the supply of complex magnesium and aluminum castings. The castings will be produced primarily by Magellan's Haley, Ontario division, with several being produced at its Glendale, Arizona plant. The agreement is expected to represent approximately CAD 250 million in revenue for Magellan through 2023.

Magellan Aerospace Corporation Announces Management Changes, Effective January 1, 2015

Magellan Aerospace Corporation announced that Jim Butyniec will retire from the role of Chief Executive Officer on January 1, 2015. At that time, Mr. Butyniec will become Vice Chairman of the Magellan Board of Directors. Phil Underwood, President of the Corporation, will be appointed President and Chief Executive Officer of Magellan Aerospace, effective January 1, 2015.

Magellan Aerospace Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Magellan Aerospace reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of CAD 13.03 million or CAD 0.22 per basic and diluted share on revenues of CAD 202.5 million compare to CAD 9.6 million or CAD 0.16 per basic and diluted share on revenues of CAD 181.0 million reported in the same period last year. Income before interest and income taxes was CAD 19.4 million against CAD 15.03 million reported last year. Income before income taxes was CAD 17.7 million against CAD 13.2 million reported last year. In the third quarter ended September 30, 2014, the company generated CAD 20.3 million in cash from operations, compared to CAD 19.9 million generated in the third quarter of 2013. Capital expenditures for the third quarter of 2014 were CAD 7.3 million compared to CAD 5.2 million in the third quarter of 2013. EBITDA was CAD 28.3 million or CAD 0.49 per share against CAD 22.8 million or CAD 0.39 per share reported last year. Revenues and net income reported in the third quarter of 2014 were impacted positively by the weakness in the Canadian dollar exchange rate in comparison to the United States dollar and British Pound. For the nine months, the company reported net income of CAD 38.7 million or CAD 0.67 per basic and diluted share on revenues of CAD 634.1 million compare to CAD 28.7 million or CAD 0.49 per basic and diluted share on revenues of CAD 556.2 million reported in the same period last year. Income before interest and income taxes was CAD 59.02 million against CAD 45.4 million reported last year. Income before income taxes was CAD 53.2 million against CAD 39.8 million reported last year. Cash provided by operating activities was CAD 43.9 million against CAD 31.7 million reported last year. Purchase of property, plant and equipment was CAD 18.8 million against CAD 13.5 million reported last year. EBITDA was CAD 85.6 million or CAD 1.47 per share against CAD 69.7 million or CAD 1.20 per share reported last year.


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Valuation MALJF Industry Range
Price/Earnings 12.3x
Price/Sales 0.8x
Price/Book 1.5x
Price/Cash Flow 11.9x
TEV/Sales 0.6x

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