MDA Space Ltd

MDA

Equity

ISIN CA55293N1096 / Valor 135229216

Toronto Stock Exchange (2025-03-13)

CAD 27.24-2.23%

MDA Space Ltd
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About company

MDA Space Ltd specializes in providing advanced space technology solutions, including satellite communications, earth observation systems, and space robotics.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

In the third quarter of 2024, MDA Space Ltd. reported strong top-line growth with revenues reaching $282.4 million, marking a 38% increase year-over-year. This significant growth reflects the company's successful execution and conversion of its backlog.

Profitability

MDA Space Ltd. achieved solid profitability in Q3 2024, with an adjusted EBITDA of $55.5 million, up 30% year-over-year. The adjusted EBITDA margin stood at 19.7%, showcasing the company's efficient operations and cost management.

Net Income

The company reported a robust adjusted net income of $34.7 million for the third quarter of 2024, representing a 60% increase compared to the same period last year. Adjusted diluted earnings per share also rose by 56% to $0.28.

Cash Flow and Debt

MDA Space Ltd. generated strong operating cash flow of $258.8 million in Q3 2024. The company's net debt to adjusted EBITDA ratio was 0.8x at the end of the quarter, indicating a healthy balance sheet and financial stability.

Financial Outlook

For the full year 2024, MDA Space Ltd. updated its financial outlook by raising revenue guidance and narrowing adjusted EBITDA guidance. The company reaffirmed its capital expenditures guidance and expects to maintain positive free cash flow throughout the year.

Summarized from source with an LLMView Source

Key figures

85.1%1Y

176%3Y

%5Y

Performance

37.1%1Y

41.5%3Y

41.3%5Y

Volatility