Bullboard - Stock Discussion Forum MDA Space Ltd MDALF

Primary Symbol: T.MDA

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators. AURORA technology... see more

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MDA Space Ltd > MDA SPACE REPORTS SECOND QUARTER 2024 RESULTS

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Post by Betteryear2 on Aug 08, 2024 11:42am

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)

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