MDA Space (TSE:MDA) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$242.0m (up 24% from 2Q 2023).

• Net income: CA$11.0m (up 11% from 2Q 2023).

• Profit margin: 4.5% (down from 5.1% in 2Q 2023). The decrease in margin was driven by higher expenses.

• EPS: CA$0.092 (up from CA$0.083 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

MDA Space Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) missed analyst estimates by 8.1%.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Aerospace & Defense industry in Canada.

Performance of the Canadian Aerospace & Defense industry.

The company's shares are up 17% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on MDA Space's balance sheet.

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