Magellan Aerospace Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was CAD 879.62 million compared to CAD 764.58 million a year ago. Net income was CAD 9.25 million compared to net loss of CAD 21.69 million a year ago.

Basic earnings per share from continuing operations was CAD 0.16 compared to basic loss per share from continuing operations of CAD 0.38 a year ago. Diluted earnings per share from continuing operations was CAD 0.16 compared to diluted loss per share from continuing operations of CAD 0.38 a year ago.