Magellan Aerospace Corporation reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CAD 187.71 million compared to CAD 176.28 million a year ago. Net loss was CAD 2.03 million compared to net income of CAD 3.26 million a year ago. Basic loss per share from continuing operations was CAD 0.04 compared to basic earnings per share from continuing operations of CAD 0.06 a year ago.