MDA SPACE REPORTS SECOND QUARTER 2024 RESULTS - Q2 2024 Highlights
- Record backlog of $4.6 billion at quarter-end, up 318% YoY
- Strong top line growth with revenues of $242.0 million, up 23% YoY
- Solid profitability with adjusted EBITDA1 of $48.7 million, up 21% YoY, and adjusted EBITDA margin1 of 20.1%
- Strong operating cash flow of $149.0 million and healthy balance sheet with net debt to adjusted EBITDA1 ratio of 2.0x
- Solid adjusted net income1 of $23.4 million, up 7% YoY, and adjusted diluted earnings per share1 of $0.19, up 6% YoY
- Updated 2024 full-year financial outlook
- Raised revenue guidance, narrowed guidance for adjusted EBITDA and capex
- Positive free cash flow1 expected in 2024, one year ahead of plan
BRAMPTON, ON, Aug. 8, 2024 /CNW/ - MDA Space Ltd. (TSX: MDA), a trusted space mission partner to the rapidly expanding global space industry, today announced its financial results for the second quarter ended June 30, 2024.
MDA SPACE REPORTS SECOND QUARTER 2024 RESULTS (newswire.ca)