Magellan Aerospace Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 213.01 million compared to CAD 191.1 million a year ago. Net income was CAD 3.67 million compared to CAD 0.563 million a year ago. Basic earnings per share from continuing operations was CAD 0.06 compared to CAD 0.01 a year ago.
For the nine months, sales was CAD 656.04 million compared to CAD 571.47 million a year ago. Net income was CAD 9.51 million compared to net loss of CAD 0.922 million a year ago. Basic earnings per share from continuing operations was CAD 0.17 compared to basic loss per share from continuing operations of CAD 0.02 a year ago.